New Property and Property Investment Enquiries Continue at All Time High
Sydney, New South Wales (PRWEB) July 14, 2012
Despite the expiry last month of the NSW State Government’s stamp duty exemption incentive for new builds under $600,000, the flurry of inquiries being received by the leading new and off the plan buying portal FindInvestmentProperty.com.au have not abated.
CEO of Find Investment Property, Mark Mendel, has expressed surprise, albeit of the pleasant kind, that the all time high levels of interest generated by the market in the month leading up to the stamp duty exemption expiry, have not scaled back at all. “It seems that with the successive interest rate cuts by the Reserve Bank of Australia and a flat but now recovering property market, investors are continuing on their hunt to find a suitable property.”
Not to be outdone, First Home Buyers are also gearing up to purchase new and off the plan apartments this October when a new range of incentives, including an additional $8,000 in grants on top of stamp duty exemptions for new properties below $550,000 and discounts between $550,000 to $650,000 become available. Mendel says "Many of our First Home Buyer clients are reserving apartments today despite the extra $8,000 to come in October. They’re rapt that they’ve managed to secure their dream home at a great price, today!"
“This all just comes to show that despite losing the stamp duty exemption, home buyers and people in property investment are still looking and purchasing new and off the plan apartments without Government incentives," says Mr Mendel.
With the largest independent selection of new and off the plan properties in Australia, FindInvestmentProperty.com.au is the first and last stop for the property investors and home buyers looking to buy a new or off the plan apartment in Sydney, Melbourne or Brisbane.