Mirvac taps stamp duty exemptions to sell luxury Melbourne apartments

The Australian Financial Review
2024-11-25

Mirvac has sold more than half of the 186 luxury apartments in a planned new 45-level building in riverside Melbourne, with overseas buyers making up 20 per cent of the sales, which benefited from state government stamp duty exemptions.

ASX-listed Mirvac revealed the sales figures on Monday, after a weekend in which it sold 150 apartments, out of a total planned 263, at its Harbourside development in central Sydney, where the state government has given no such exemption to buyers of off-the-plan apartments.

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