No stamp duty discounts for off the plan in Perth.
My view is its Much better to sell the potential to someone else.
PPOR needs valuaions done on the house and land at the time of purchase.
Eg. Buy house in yokine for 600k in 2005, now want to subdivide in 2013 wnen it's worth 1.2mill.
Sounds great, though you will need to get a valuation done based on the original purchase price. Land may be valued at 500k and house 100k. If you keep house at front and provide equal portion of land the cost base of the new block will be 250k.
So now you start with 250k for land and now spend 300k on another house to creat a finished product worth 1mill. Sounds great, though if you sell it your tax liability will apply to 450k. Hold for more than 12 months and you can get the concession.
Now if you just sell the entire site, unsubdivided to a developer you walk away with untaxed profit.
My figures are fiction, you can work out your figures and with those you will get your answer.
Remember, interest and agents commission in the equations.
JS
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