Adelaide is going through a mini resurgence.
Last week, Adelaide was named one of the Top Ten Cities To Visit by Lonely Planet Guide.
At the same time, the South Australian Government, through Premier Jay Weatherill, released its Housing In The City document [PDF], outlining an extension in stamp duty relief for off-the-plan apartment sales to rezoned inner metropolitan areas, expected to reduce costs for buyers by up to $21,330.
These announcements came as transport infrastructure started having an impact on inner city traffic, such as the Britannia Roundabout redevelopment, and as the government signalled its intention to revive trams as a core part of inner city public transport, reaching into suburbs like Unley, Norwood and Prospect.
Furthermore, the new Royal Adelaide Hospital and revamped Adelaide Oval will most likely drive extra interest in inner city dwellings.
Stay calm and buy with care
While this heady atmosphere might pique your interest in moving to the inner city zone or investing in it, history teaches us that even small mistakes during the conveyancing process can undo the savings and end up being very costly.
Of particular concern during times of special concessions, is our vulnerability to pressure from sales people to sign up or commit to buy before we have had time to confirm our entitlements or add special provisions.
The important thing to remember is that it is never too early to engage your conveyancer so that you:
- Are clear about particular items you might need to include in your contract
- Know what stamp duty concessions or liabilities will apply to your unique to your situation
- Have peace of mind knowing the purchase process and transfer of title will go smoothly
Contact us today to talk about your inner Adelaide purchase plans, or look through the elements we consider when acting as your conveyancer on property settlements.