CALLING ALL FOREIGNERS
Here are 3 reasons why it’s the perfect time for foreigners to buy in Perth right now:
1. Save up to $50,000 by Avoiding the 7% Foreign Buyer Surcharge
Starting from 1st January 2019, Foreigners buying property in Perth will face an extra 7% Surcharge. Which means you have LESS THAN 8 WEEKS to avoid this surcharge.
Western Australia’s State Government have implemented the Foreign Buyers Duty, which will impose additional taxes on foreigners’ purchase of residential property.
If you are a foreign buyer, you can save up to $50,000 AUD on stamp duty if you buy before 1st January 2019.
Join many of our foreign buyers who have chosen to buy before the 7% Foreign Buyers Surcharge comes into effect in Perth! (Source: Department of Finance)
2. Weak Australian Dollar
The Australian dollar has fell to a 20-month low, attracting foreign investment as currency falls. (Source: ABC News)
3. Perth Market is Recovering
Perth’s property market has finally bottomed out and is showing many signs of recovery.
We are already seeing leading indicators such as strong rental yields, significant investment in infrastructure projects, rising employment rates, low vacancy rates and an uptick in the mining sector activities. (Source: The West Australian, Business News, PerthNow)
So it’s the perfect time to buy a property in Perth before it’s next growth cycle kicks in.
This is your FINAL chance to buy in Perth while these benefits are in your favour.
Don’t wait any longer as the clock is ticking.
Speak to us today as we would love to help with your foreign property purchase!
Sylvianna 0402 353 788 | Ryan Dariol 0468 799 816
www.developwise.com.au
SOURCE:
https://www.finance.wa.gov.au/cms/News/State_Revenue/Foreign_Buyers_Duty.aspx
https://thewest.com.au/lifestyle/real-estate/report-maps-staggering-perth-property-market-growth-ng-b88911864z
https://thewest.com.au/business/economy/wa-back-in-the-black-after-four-year-recession-ng-b88950393z
https://www.perthnow.com.au/lifestyle/real-estate/rental-squeeze-lease-vacancy-rate-drops-in-perth-suburbs-ng-b881002345z
https://www.abc.net.au/news/2018-09-03/australian-dollar-sinks-to-20-month-low/10195416
