Exemption on stamp duty

Discussion in 'Loans & Mortgage Brokers' started by bonanzawealth, 29th Jul, 2015.

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  1. Marty McDonald

    Marty McDonald Mortgage broker Business Member

    Joined:
    22nd Jun, 2015
    Posts:
    880
    Location:
    Sydney North Shore and Norther beaches
    Needs to be 12 months with ING and Nab from memory. There may be some who will do it if its 6 months but cant remember who at this time. CBA maybe?
     
    Marty McDonald, 4th Aug, 2015
    #21
  2. ej89

    ej89 Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    819
    Location:
    Sydney.
    Sweet. Do you know if they look at just land value or the entire package in comparison to established homes? Sorry for the many questions
     
    ej89, 4th Aug, 2015
    #22
  3. tobe

    tobe Well-Known Member

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    18th Jun, 2015
    Posts:
    1,814
    Location:
    Melbourne
    The valuer will compare your property to similar properties sold recently in the area.
     
    tobe, 4th Aug, 2015
    #23
  4. Syd Investor

    Syd Investor Active Member

    Joined:
    19th Jun, 2015
    Posts:
    30
    Location:
    Sydney
    When is stamp duty payable on an OTP in NSW? Is it 12 or 15 months from exchange if the development is not complete prior?
     
    Syd Investor, 30th Sep, 2015
    #24
  5. House

    House Well-Known Member

    Joined:
    13th Sep, 2015
    Posts:
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    Location:
    Sydney
    Within 12 months of the date of exchange or at completion of the Contract, whichever occurs first.
     
    House, 30th Sep, 2015
    #25
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