Buying interstate
Many of our Sydney clients buy commercial property interstate because the yields are higher and the entry prices lower. Lenders are generally comfortable with capital city and major regional property in every state, but stamp duty, land tax and lease law differ, so the costs change.
- Stamp duty is set by each state and can change the deposit you need by tens of thousands of dollars. Groundwork Commercial has a stamp duty calculator for every state.
- Land tax thresholds and surcharges differ, especially for trusts and foreign buyers.
- Valuers are local, and we order valuations through the lender's panel in that state.
How we work
Everything is done by phone, video and electronic signing. Distance does not change the process: we prepare the deal, place it with the right lender and manage it to settlement.
Areas we cover
Brisbane and South East Queensland, Melbourne and regional Victoria, Adelaide and South Australia.