Did you know that by purchasing a block of land and building a new home on it, you may save literally thousands of dollars in state government stamp duty?
The following examples are for an investment package, and there is still a considerable saving for an owner occupied house and land package:
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Purchase an existing / spec home for $365,000 stamp duty payable is $11,200
Purchase one of our blocks of land in Paddington Grove for $133,000 and build a home on it for $232,000 (i.e. $365,000 all up) and pay stamp duty only on the land component of the transaction of $3,080
A saving of $8,120 in stamp duty
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Purchase an existing / spec home for $399,000 stamp duty payable is $12,390
Purchase one of our blocks of land in Paddington Grove for $133,000 and build a home on it for $266,000 (i.e. $399,000 all up) and pay stamp duty only on the land component of the transaction of $3,080
A saving of $9,310 in stamp duty
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Purchase an existing / spec home for $425,000 stamp duty payable is $13,300
Purchase one of our blocks of land in Paddington Grove for $133,000 and build a home on it for $292,000 (i.e. $425,000 all up) and pay stamp duty only on the land component of the transaction of $3,080
A saving of $10.220 in stamp duty
* Source: The State of Queensland (Office of State Revenue) October 21 2009
