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Top Benefits of Buying a Brand New Apartment

Published On: 08 Jun 21


New apartments at Botanic Melbourne

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.

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