why build your next investment property in warrnambool?
Stamp Duty
Don't pay full Stamp Duty by buying an existing home. Learn how you can pay zero Stamp Duty on the house.
DEPRECIATION
The government rewards investors who choose to build. You can claim capital works deductions and depreciation for up to 40 years which effects significant tax savings.
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Rather than buy just any old house, build an investment property that is optimised for maximum capital growth and rental yield.
Achieve all of this and more with your next investment property
By choosing to build rather than buy you'll pay zero stamp duty on your new home. How? It's simple. Stamp Duty is a land transfer tax that is paid when a property is transferred into your name. You don't pay stamp duty on the value of the house becuase it doesn't exist yet. For example, if you buy a block of land for $125k as an investor in Victoria right now you'll pay $3,260 in stamp duty (less if you're an owner occupier. Yet, if you were buying a $400k completed home you'd pay $14,264 in Stamp Duty. So you're saving a whopping $14,264 in Stamp Duty just by choosing to build rather than buy. Plus, you can claim capital works depreciation and general depreciation.
This is just one of many ways building can help you create instant equity because Stamp Duty can put you in a negative equity position from the beginning. What you pay for your property is it's value and if you have to borrow another $15-$30k to pay the cost of Stamp Duty then that menas that you've borrowed more than what your proerty is worth. And, to rub salt into wounds, Stamp Duty is not tax deductable!
Building a new home as an investement in Warrnambool also helps you get maximum rental yields. People will pay that little bit more to live in a brand new home. Plus, because they are in short supply, people will be bidding for it giving you the luxury of being able to 'pick and choose' the kind of tenants you feel comfortable with renting out your assett.
There is a serious housing shortage in Warrnambool which means there is a dire rental shortage. Warrnambool's rental vacancy rates are at an all time low. We simply need more housing and investors like you are the ones to make that happen.
Contact Natalie Stevens
Warrnambool's Home Building Advocate
Call 0407889458
Email mail@landinwarrnambool.com.au
