Category Archives: Industry News

Investors happy with off-the-plan opportunities 

Investors happy with off-the-plan opportunities The recent State Budget updates have left most South Australian investors and home buyers relieved with many incentives to buy off-the-plan apartments. To start, State Government has advised that stamp duty concessions are being extended for another 12 months to 30 June 2018. The concession, however,

Foreign Ownership Surcharge for residential land

From 1 January 2018 foreign purchasers of residential land are required to pay a 7% surcharge in addition to stamp duty being paid at settlement. Who is classed as a foreign purchaser? A foreign person is someone who is NOT an Australian citizen or a holder of a permanent visa. New Zealand citizens who do NOT hold a special category visa are also deemed a foreign