Commercial Property

What is a commercial property?

Commercial property refers to buildings and land that are used for business and profit-making purposes rather than for residential living. Examples include office buildings, retail stores, warehouses, and industrial facilities. Owners of commercial properties lease or rent the space to businesses, earning income from these arrangements.

Does stamp duty have to be paid on commercial property? 

In states such as NSW, there is an obligation to pay stamp duty or a transfer fee. 

Additionally, in certain instances, stamp duty may be applicable to fixtures, machinery, plants, and equipment associated with the property purchase. How much you pay is dependent on numerous factors such as what state you're situated in and the type of property itself. 

What are examples of commercial properties? 

Some typical commercial properties that you may see include: 

• Office buildings
• Medical centres
• Hotels
• Shopping centres
• Retail stores
• Multifamily housing buildings
• Farm land
• Warehouses
• Garages / storage units