Melbourne is the only country to win World’s Most Liveable City for 7 consecutive years. The Australian city of Melbourne, Victoria has been declared the world’s most liveable city again – for the 7th consecutive time. This is the first time in the survey’s 15-year history that a city has held top spot in The …
Stamp duty will be increasing in Melbourne again. This increase is caused by the removal of the off-plan stamp duty concession on Melbourne property, which will affect all buyers. THIS WEEK COULD PROVE THE LAST CHANCE FOR YOU TO SAVE ~$A20K in stamp duty on Melbourne property. WANT TO KNOW MORE ABOUT THE STAMP DUTY INCREASE? …
Last Chance: Save ~A$20K Before Stamp Duty Increase on Melbourne Property Read More »
Government measures for affordable housing at expense of foreign investors: (i) Vacant Residential Property Tax (VRPT) (ii) New residential developments restricted to only 50% foreign buyers Last month we published an article announcing the latest raft of changes by the government to scrap off-the-plan stamp duty concessions in order to waive stamp duties for …
Melbourne: Vacancy Tax to Hit Foreign Property Buyers Read More »
From 1 July 2017, purchasers of off-the-plan (not yet built) commercial or residential investment properties will be liable to stamp duty on the purchase price or market value of the property (whichever greater) Investors will possibly pay approximately $15K – $20K* more than what they are currently paying Off-the-plan concession only for purchasers who make …
Why Investors Must Buy Melbourne Property NOW Before 1 July 2017 Read More »
Very recently, the Victorian government announced the abolishment of the controversial stamp duty for first-time homebuyers. This ‘lifeline’ to young people struggling to get on the property ladder takes effect from July 2017 and is applicable for any homebuyer in Victoria whose property costs less than AUD$600K. In a market where experts and market watchers …
“I like Perth and am thinking of investing in property there, but everyone says now’s a bad time. When is it a good time to invest?” Here’s a valid and oft-asked question. True, the Perth property market has hit a low but could now be the best time to focus on the Perth property market? …
Word is going round again that the Australian property market is up for a crash. Over the last five years or so, this topic has been a popular refrain among doomsayers, yet Australia has managed to avoid the Global Financial Crisis and property prices have gone up, almost doubling in Sydney. True, there has been …
TICK TOCK. The clock is ticking. Come 1 July 2016, the 4% increase in stamp duty surcharge imposed by the Victoria state government on foreign property investors shall take effect. This increase, announced late April 2016, comes hard on the heels of the 3% stamp duty surcharge introduced on 1 July last year. Victoria’s new stamp …
Property in Melbourne and Sydney often hog the limelight, but savvy and seasoned investors are keeping a close watch on the West Australian city of Perth. West Australian property is proving its broad appeal, with new figures from the Foreign Investment Review Board (FIRB) revealing a total of 2043 approvals for foreign buyers, an increase …
Approvals for foreign investment in Australian property hit a record high of A$61bn, an increase of 75% in the 2014-15 financial year, possibly accounting for approximately a quarter of new developments Down Under. This increase is on the back of a 102% spike on the year before. The Foreign Investment Review Board (FIRB) records 36,841 (60% …
Foreign Investment in Australia Property at Record High Read More »
