LAST CHANCE TO BUY FIRB PRE-APPROVED LUXURY WATERFRONT

Posted @ Aug 18th 2016 12:56pm - By Cairns Harbour Lights

LAST CHANCE TO BUY FIRB PRE-APPROVED LUXURY WATERFRONT

Recently we let you know there were only two residential apartments left in Cairns that were new and ready to sell to a foreign investor without seeking Foreign Investment Review approval.

One of those apartments has now sold, leaving only one left on the market.

This spacious, executive two bedroom apartment has spectacular water, city and mountain views and is selling for $1,000,000. It is part of Cairns’ premier residential apartment development – Cairns Harbour Lights.

This is the only Residential building with an absolute waterfront location in the city.

The tax rules are about to change for foreigner investment. After 1 October 2016 an Additional Foreign Acquirer Duty (AFAD) will apply adding another 3% on top of the transfer duty already payable. This means foreign buyers will be paying more than $68,000 in transfer duty on a $1 million purchase instead of the current $38,025 for an investment property.

Here your last chance to buy a slice of luxury, prestige and waterfront views so close to the Barrier Reef and Tropical rainforests of north Queensland. This unique opportunity will not last long.

 

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