With all the recent discussions around stamp duty savings in Victoria, we want to clarify how these benefits apply to off-the-plan sales and help buyers understand the unique financial advantages of these types of purchases. Buying off the plan can be an appealing way to secure property while reducing upfront costs, and stamp duty concessions can further enhance these savings. Here’s a guide to understanding stamp duty for off-the-plan sales and how you might be able to make the most of these incentives.

Summary of Changes: Applies to: Off-the-plan apartments, units, and townhouses. Stamp Duty Calculation: Based on land value, not the total property price. Availability: Effective for one year, ending 21 October 2025. Eligibility: No cap on eligibility; available to all buyers, not just first-home purchasers. The Victorian Government has made a groundbreaking change to stamp duty concessions, offering greater savings for buyers of apartments, units, and townhouses. This initiative is expected to significantly boost affordability for both homebuyers and investors across the state and will be available for the next 12 months starting from 21 October 2024.

Purchasing an apartment is a significant investment, and one of the most important documents you’ll encounter during the process is the strata report. This report offers invaluable insight into the condition and management of the building you’re considering, so it’s essential to know how to read it and what to look for. Here’s a breakdown of the key elements you should focus on when reviewing a strata report:

Let’s face it—pets are part of the family. These days, renting to pet owners isn’t just a trend, it’s practically a must. But if the thought of fur, paws, and potential “accidents” gives you pause, don’t worry! We’re here to break it down for you. Renting to renters with pets doesn’t have to be tricky—and who knows, you might just become the hero of some grateful fur-parent!

Owning a rental property is no walk in the park—it’s more like walking a tightrope. You’re balancing renter satisfaction, property upkeep, and protecting your investment, all while trying not to lose your footing. But with the right maintenance strategy, you can turn this balancing act into a smooth and successful operation. Here at Amity Property Management, we’ve fine-tuned the art of keeping properties in top condition, and we’re sharing our tried-and-true tips to help you do the same.

Renting out your property can be a rewarding way to generate income, but it can also feel a bit overwhelming. The good news? You don’t have to go it alone. Working with a property manager can make the entire process easier and stress-free. They help you manage everything from legal requirements to finding the right tenants. Here’s a simple checklist to guide you through renting out your property with the support of a professional property manager.