Top Benefits of Buying a Brand New Apartment

For many Melburnians, apartment living is an incredibly attractive option that offers many unique benefits. From convenience to location, affordability and even luxurious amenities, apartments have a lot to offer. And on top of the lifestyle benefits, there’s also added financial bonuses to be had. So, could buying a brand new apartment be the perfect choice for you?

Why is buying brand new the right choice?

With the huge government announcements regarding stamp duty, there has never been a better time to buy a brand new apartment at Botanic Melbourne. As Botanic qualifies for the Victorian State Government Full Stamp Duty Exemption, this means no Stamp Duty is payable on apartments under $1 million!

Here are a few examples of how buying at Botanic Melbourne could work for you:

Kate is a First Home Buyer and earns less than $125,000 per annum. Kate is planning on living in her apartment for at least 12 months.

Kate wants to buy Apartment 1516 at Botanic Melbourne at a purchase price of $555,000.

Simon and Margot aren’t First Home Buyers. They are purchasing together, and they will live in their apartment.

They are interested in buying Apartment 511 at Botanic Melbourne at a purchase price of $635,000.

Now is a great time to talk to your bank or a finance broker about how much you can borrow to purchase your own home.