Purchasers who enter into an eligible off-the-plan apartment contract between 22 June 2017 and 30 September 2017 may be eligible to receive a $10 000 grant. The grant will be paid after settlement upon application.
To be eligible for the grant the contract must be entered into before construction of the apartment complex commences (this equates to stage 1 of the off-the-plan stamp duty concession scheme included in the Stamp Duties Act 1923).
All other eligibility criteria applying to the off-the-plan stamp duty concession scheme included in the Stamp Duties Act 1923 will also apply to the grant, including that the grant will not be available to foreign purchasers.
The First Home and Housing Construction Grants Act 2000 will be amended to provide for the grant.
Submit a completed Application for the Pre-construction Grant for an Off-the-plan Apartment along with a completed Application for Stamp Duty Concession on the Purchase of an Off-the-plan Apartment to RevenueSA.
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