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The NSW Government delivered the 2010-11 Budget with a number of key wins for the property industry. From July 1, stamp duty will be abolished for the next two years for any purchasers buying a home worth up to $600,000, prior to the commencement of construction. This is a potential saving of up to $22,490. |
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Are you looking to buy a home or investment property but don’t have the time or expertise to do it properly? |
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As part of the increasing demand for sustainable building operations, commercial property owners now have to make ‘green’ allowances in their capital expenditure planning. The ability to attract government and blue chip tenants going forward depends on it. |
A significant factor in this new environmental landscape is the recent Australian, state and territory government approval of a mandatory disclosure scheme for building operations energy efficiency.
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House prices across the country are on the rise and show no signs of slowing. Auction clearance rates are sitting above 70% and there is still high demand for limited properties. Also, the amount of overseas investors buying into the Australian property market has been increasing. |
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The Government has announced it will reverse the relaxation of the foreign investment rules bought in last April as they are concerned that the increase in foreign investment is forcing property prices up. This is having an impact on the affordability for Australian property buyers. |
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