Buying an off the plan land

Discussion in 'What to buy' started by Manisha, 13th Jul, 2020.

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  1. Manisha

    Manisha Active Member

    Joined:
    13th Jul, 2020
    Posts:
    43
    Location:
    North Sydney
    Hi, I’m a first home buyer. If I reserve a land which will be registered in 2022 today and in few months buy another property, say an apartment less than 650k, would I still be eligible for FHB stamp duty exemption as I didn’t actually buy the land just reserved it with 5% deposit.

    Thanks
     
    Manisha, 13th Jul, 2020
    #1
  2. Westie

    Westie Well-Known Member

    Joined:
    19th Jun, 2017
    Posts:
    1,138
    Location:
    Melbourne
    I let someone else answer the FHB stamps question, but I'd advise you to reconsider buying a block of land and/or apartment almost anywhere in the country. Both are high risk moves, if you're not 100% sure of what you're doing. Not suggesting you aren't sure, just thought I'd tip in some friendly advice.
     
    Westie, 13th Jul, 2020
    #2
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