Starting from July 1, 2023, first home buyers will be exempted from paying stamp duty on purchases of 1 bedroom apartments up to $800,000. Additionally, there will be a reduced stamp duty for purchases up to $1,000,000. This policy change could lead to significant upfront cost savings for first home buyers. For instance, a buyer purchasing a property priced at $800,000 could save up to $31,000.

Tara on Park is offering a limited number of 1 bedroom apartments, and interested buyers can take advantage of this opportunity. Buyers can secure their unit with just a 10% deposit.