Buyers take advantage of WA stamp duty concessions as Incontro Subiaco apartments near 50% sold
Momentum is building at Incontro Apartments in Subiaco, with nearly 50 per cent of apartments already sold before construction has commenced.
As construction commencement draws near, buyers are being urged to act fast to take advantage of the highest possible off-the-plan stamp duty savings - a window that will soon close once building works begin.
Developed by award-winning Cedar Woods, the Incontro precinct, located on the edge of Subiaco’s town centre, is already a vibrant community with 41 completed townhouses and now the launch of Incontro Apartments.
The apartments are attracting strong interest due to their premium location just 5km from Perth’s CBD and access to generous government incentives.
Under recent updates to the WA Government’s Off-the-Plan Duty Concession and Rebate Scheme, eligible buyers can currently benefit from no stamp duty payable on apartments priced under $750,000*, and a 50 per cent concession on duty for apartments priced above $750,000*.
With apartments at Incontro starting from $649,000*, buyers stand to save thousands. However, these savings reduce significantly once construction begins - a milestone expected soon, with builder appointment underway.
Sales activity at Incontro Apartments reflects the growing urgency in the market. Almost half of the available apartments have already been secured, and remaining stock is attracting heightened interest from a range of buyers drawn to the lifestyle and investment potential.
Designed by highly regarded Melbourne-based architects, DKO Architecture, the building has been crafted to harmonise with the existing townhouse community, using soft architectural forms and natural colour schemes inspired by Western Australia’s native flora.
With construction approaching, future price rises are expected. Buyers who act now not only access greater stamp duty savings but also secure the current price and the best remaining apartment layouts before further stock is sold.
