Plan buyers beware

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BUYING off the plan has long been popular with investors. If you’re considering going down this track, it’s crucial you’re fully aware of all the potential risks and rewards before taking the plunge.

THE REWARDS

Prime among the rewards are significant stamp-duty savings and tax deductions for depreciation of the building and its fittings. Firsthome buyers can also take a larger slice of the first-home owner grant, which can potentially be worth $26,500.

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