What changes when stamp duty is covered at settlement? Prince & Parade makes the case

AT A GLANCE: 

• Developer: Mirvac
• Builder: Mirvac
• Address: 701 Park Street, Brunswick, VIC 3056
• No. of Residences: 169
• Estimated Completion Date: August 2026

Buying a home in Melbourne’s Inner North has never felt more achievable. At Prince & Parade by award-winning Australian property developer Mirvac, eligible purchasers can receive up to $198,000* rebated back at settlement, effectively covering stamp duty at the moment it matters most.

The moment that matters

Stamp duty is one of the biggest financial hurdles in buying a home in Victoria. It can be a six-figure cost that sits between you and ownership, and it lands at exactly the point when your finances are already stretched.

What makes the Prince & Parade offer different is the timing. Rather than discounting the purchase price upfront, the rebate arrives at settlement, when costs are highest and the transition is most acute. That’s a meaningful distinction for anyone planning a move.

For downsizers and owner-occupiers in particular, this kind of settlement-stage relief can change the entire calculation, reducing the pressure of the handover and freeing up capital for the life that comes next.

Move in this spring

With construction progressing well on site, the homes at Prince & Parade will be ready to move into from August 2026.

That immediacy matters. It removes the extended holding costs and uncertainty that often come with longer-dated off-the-plan homes, and it gives buyers a clear, near-term timeline to plan around.

Design-led homes in Brunswick

Architecturally designed by Bates Smart and developed by Mirvac – a partnership that previously produced The Melburnian and The Eastbourne, the homes of Prince & Parade are built for the long term, with an all-electric design, 7-Star NatHERS energy rating, and interiors that fully draw from natural materials and earthy palettes.

“Every design decision is led by wellness and sustainable living,” explained Jefferey Copolov, director of Bates Smart.

“Abundant sunlight, maximised natural ventilation, easy access to gardens, green vistas, calming energy – we’ve woven it all with meticulous care through every detail of the design.”

These thoughtful design considerations extend to the development’s communal spaces. The elegant residents’ lounge, extending to a landscaped garden, and dining space, opening onto an outdoor terrace, are the perfect places to entertain. Overlooking lush gardens by Jack Merlo, the well-equipped gym offers a refreshing space for movement. While the residents’ library allows you to set boundaries between home and work.

Up high, the rooftop terrace boasts sweeping views of Princes Park, Royal Park, and the city skyline, complete with BBQ and dining facilities amidst lush landscaping.

An address that holds its value

Located directly opposite Princes Park, Prince & Parade will envelop residents in the charm of nature, yet remain close to Melbourne’s best, being on the axis of Parkville, Carlton North, and Brunswick.

With a near-perfect Walk Score of 92/100, the location earns its reputation. Lush parks, chic cafés, well-known restaurants, trams, and the CBD, just 4 km away, are all genuinely walkable from the front door.

Inner-north Melbourne continues to attract steady demand from people who want design quality, daily amenity, and a genuine connection to their neighbourhood. Prince & Parade brings those things together with a financial incentive that doesn’t erode the integrity of the asking price, but simply makes the moment of settlement easier to navigate.

With move-in availability from August 2026, the timing has never looked better.

One-, two-, three-, and four-bedroom residences are selling. Priced from $680k for a one-bed, one-bath home.

Click here to learn more or to enquire about Prince & Parade.

*Up to $198,000 rebated back at settlement for eligible purchasers. Purchasers should make their own enquiries.