Stamp duty concession means local property investors consider sydney as place of opportunity

Current stamp duty concessions in New South Wales make this a market of opportunity for local property investors. The NSW Home Builders Bonus means property not yet started construction, under $600,000, and exchanges between 1 July 2010 and 1 July 2012, are eligible for the 100% stamp duty concession.

On the other hand, property that has already started construction, but meets the rest of the criteria, still attracts a 25% stamp duty concession, which is a really great incentive to invest in new property in New South Wales right now.

During the period December 2008-August 2010, recent statistics reveal the value of dwellings in Sydney had increased by 18.4% in total. While houses increased by 17%, units increased in value by 20.1%, higher than the national increase of 19.3% meaning they are still the winner moving forward.

Sydney is always going to be in demand among tenants - it is the place most international visitors first arrive in, and while business is growing rapidly in the other capital cities, many businesses are still headquarted in Sydney.

A number of exciting residential projects in Sydney have been approved, including Australia Towers at Sydney Olympic Park, Sanctum at Rhodes and Que Apartments at Quakers Hill, with opportunities for investors beginning at only $300,000.

The significant cost saving on stamp duty makes this the perfect time to consider expanding your investment portfolio into New South Wales. The concession means buyers will really come away with a good deal and more money in their pocket.

Grow Consulting Group has recently had a 20% increase of enquiries from clients keen to take advantage of the NSW Home Builders Bonus over the last few months.

Buyers don't need to live locally to be eligible, and it is very common these days for investors to purchase sight unseen, relying on statistics, research and due diligence carried out on the property.

All of the NSW developments we are currently working with represent excellent opportunity for capital growth and returns, and we believe provide a wonderful opening to the Sydney property market.