Oliver Myers Real Estate
Call Us: 02 4322 5600
Address: Suite 301, Level 3, Imperial Shopping Centre
171 Mann Street, Gosford, NSW 2250
Financial Benefits from Buying New Homes #2 - Stamp Duty Savings

Financial Benefits from Buying New Homes #2 - Stamp Duty Savings

  • 25 Sep 2017

Welcome to the second in a series of 3 articles about the financial benefits of buying new homes off the plan.


Stamp Duty Savings


Stamp Duty is now called 'Transfer of land or business duty'. In real estate terms, this is a duty that you pay on the sale or transfer of land, including improvements in NSW.


This means that if you purchase real estate under one contract for the land and the improvement on that land (the house), you will pay duty on the total purchase price.


If you purchase a new home where the vacant land is sold under one contract and there is a separate building contract for the construction, you only pay duty on the land value.


Here is an example of how this could affect you:


For the same purchase price of $578,000 you would save $16,430 in duty. You can calculate this for yourself on the Revenue NSW site: https://www.apps08.osr.nsw.gov.au/erevenue/calculators/landsalesimple.php


As an investor looking for a good return on your investment, buying off the plan already puts you ahead.


*Note: there are even more savings for eligible first home buyers. Contact us for details.

Highly Efficient and Customer Focused

Oliver Myers Real Estate Gosford is a long standing and well established leading Central Coast Business serving the real estate needs of an ever growing population in an highly efficient and customer focused manner.
We have dealt directly with their agency and more specific with Principal Tony Myers, over many years now and cannot speak more highly of their commitment to their clientele and for their complete professionalism in all that they do.
For all your real estate and property investment needs, you need go no further that Oliver Myers Real Estate and Tony Myers.

- Peter & Janette Hogg, Proprietors Platinum Retirement Solutions
West Gosford

Best Real Estate Book Ever!

I've tried to read other real estate books and they are all really large and hard going.

Tony's book is plain and simple, easy for everyone to understand.

It's the best real estate book I've ever read.

- George Szafranski

Well Thought Of

Tony Myers is a well known real estate agent who I have known for about 30 years. He has a thorough knowledge of the Central Coast property market and is well thought of with those whom he does business.

- Edgar Adams
Editor at Central Coast Business Review

Excellent Customer Service

The team from Oliver Myers Real Estate have gone above and beyond expectations to help me. They gave more than 100% effort to work with me to help me find my dream home. I cannot fault their service and would certainly recommend them to my friends and family.

- Pauline Marquette
Lambton NSW