Buyers offered 50% stamp duty savings at Salta Properties Riverbank apartments in Abbotsford

Riverbank – The Park House is the latest completed development out of Salta Properties, one of few offering buyers stamp duty savings beyond the governments own which expired June 30.

Buyers offered 50% stamp duty savings at Salta Properties Riverbank apartments in Abbotsford
Buyers offered 50% stamp duty savings at Salta Properties Riverbank apartments in Abbotsford

Last month the Victorian government ended their stamp duty concessions for off the plan and brand new apartments statewide. 

They continue to offer savings for new apartments up to $1 million only in the Melbourne CBD, but those outside of the CBD will revert back to paying full stamp duty.

Discerning developers who are either constructing or have completed apartments outside of the City of Melbourne LGA have continued to offer the stamp duty concessions in an attempt to lure buyers.

The property developer Salta Properties is offering to stump up 50 per cent of stamp duty for buyers in their Abbotsford apartment development, Riverbank.

Buyers can save between $11,000 and $20,000 on stamp duty in the recently completed Victoria Street project on the banks of the Yarra River, less than four kilometres outside of the city. The concessions are on offer until 30th September 2021.

One-bedroom apartments start from $505,000 and two-bedroom apartments from $740,000.

The nine-level building has been designed by SJB Architects and is finished with interiors by Sue Carr at Carr Design Group. It is one of two buildings at The Park House, each with their own amenities, with the adjoining Riverbend apartments part of the development.

“Our intention was to create a space that had a true sense of home but also a memorable atmosphere,” Sue Carr said.

“We want the purchasers to feel a connection with the landscape.”

Each apartment has Gaggeneau appliances in the kitchen, engineered oak floors and marble-effect stone. 

The sustainable 6+ energy rated development includes a number of resident only amenities, including a swimming pool, sauna and gym, cinema, a lounge and library space, meeting room, kids play hut, bike workshop and even a golf simulation room.

Apartments in Riverbank – The Park House - 631 Victoria Street, Abbotsford

Access the latest development brochure, pricing and floorplan details.
1 bedroom from $505,000
  • Bed
    1
  • Bath
    1
  • Area
    58.40m²
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1 bedroom from $540,000
  • Bed
    1
  • Bath
    1
  • Car
    1
  • Area
    56.00m²
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2 bedrooms from $740,000
  • Bed
    2
  • Bath
    2
  • Car
    1
  • Area
    80.50m²
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Jordan Fidler

Jordan Fidler

Jordan is a journalist at Urban.com.au. His focus is shining a spotlight on some of Australia's best apartment developments and their features

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Riverbank Yarra River Abbotsford Stamp Duty Savings

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