Thinking about downsizing?

For South Australians looking to downsize, Senses could offer an exciting opportunity to start the next chapter in a brand-new home.

According to South Australia's Seniors Downsizing Stamp Duty Relief initiative, eligible buyers aged 60 and over may be able to receive full or partial stamp duty relief when selling their existing principal place of residence and moving to a smaller property. Importantly, the relief can apply to vacant land purchased to build a new principal place of residence, making land at SENSES an opportunity worth exploring.

For eligible vacant land purchases, full relief may apply to land with a dutiable value of up to $1.2 million. Alternatively, the new block must be smaller than the land being downsized from, alongside other eligibility and residence requirements.

Essentially, this means downsizing doesn't have to mean compromising. At SENSES, you can choose a homesite that better suits your lifestyle and build a brand-new home designed around the way you want to live - with the potential to make significant savings on stamp duty if eligible.

So, if you’re thinking about it, downsize your block. Build your future. Discover Senses.

Check out the link below for more information: https://www.revenuesa.sa.gov.au/stamp-duty-land/seniors-downsizing-stamp-duty-relief.