WA state government's stimulus package is designed to safeguard workers in the construction sector. Based on the evidence so far, it will do just that. While the federal governments incentives are means tested , the state governments are not. They also are open to investors. As a result development sites that can be subdivided to create multiple titles will get incentives to build.
You can claim $20,000 per dwelling, when you commit to building, however, you may need to complete the subdivision!!!! If you have a development approved you may want to complete that subdivision right now.
There is more good news for buyers!!! There are Incentives for buying property, off plan or, during construction. Not only are buyers eligible for government grants but, there is also stamp duty concession. This makes purchasing off the plan very attractive for new home buyers and reduces the risk for developers.
If that not enough good news, inquiry on land is sky high. This is suggesting renewed activity in the real estate market. We are anticipating a short term reduction of land supply in established areas and multiple buyers for land in popular locations.
At Piran Property Group our experience is your advantage. We have multiple solutions to maximize your lots potential. If you have a lot, ready to subdivide or, need a solution to help get your lot to market, we can help. To find out how you can maximize your investment by contacting us or visit www.piranpropertygroup.com
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