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Developers offer to pay stamp duty, furniture and rent to sell apartments

People & Companies / Latest News


Jun 24 2017

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Stephen Crafti, The Sydney Morning Herald

A mystery shopping trip to buy an apartment has uncovered a top tier developer offering a whopping $59,400 discount on a $495,000 apartment, about 12 per cent of the purchase price.

The mystery home buying spree conducted by researchers at investment bank Citi revealed one large developer giving new apartment owners a 5 per cent 12-month rental guarantee and paying the $25,000 stamp duty bill on a $495,000 one bedroom unit.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald


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