Queensland Premier Annastacia Palaszczuk has stepped in and scrapped the state’s controversial land tax proposal, which would have slugged investors nationally for owning properties interstate.
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Australian Property Investor Magazine
With so many forces at play to stifle the property market it's easy to assume it's all bad news (or good news for those wanting prices to fall), but there are some telling signs that the real estate market woes will be relatively short-lived.
Low rental vacancy rates are producing robust rental yields and investors are returning, in the wake of costly floods, to some sections of the northern New South Wales coastal and river regions.
States with almost no rental stock, asking prices going through the roof, governments floundering, and no relief in sight - the rental crisis in Australia has taken a turn for the worse and is seemingly set to create more homelessness and pain.
A measure of relief is set to take effect for first-home buyers in regional areas, with a new Federal Government scheme offering thousands of new places within days.
Unit markets around the country are now outpacing houses in the rate of price decline, with the east coast state capitals leading the downhill charge.
Join Steve Douglas as he discusses:
- Global financial markets, issues & influence on our daily lives;
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Join Steve Douglas, Executive Chair and Julie Kelley, Sales & Marketing Manager as they answer your burning questions during the 'Australian Residency and Tax Changes & Implications To Expats' webinar.
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Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:
“The Government will replace the individual tax residency rules with a new framework that is easy to understand, provides certainty and reduces compl…
We trust this seminar gives you a clearer understanding of the Australian Budget Announcements including:
• How Covid19 has impacted the Australian Government’s federal finances
• Measures the Government intends to undertake to reinvigorate the Australian economy
• Latest taxatio…
Australian property prices look to be on a rocketing path, with first home buyers, low-interest rates and FOMO (fear of missing out) fueling the demand for the start of 2021.
However, with stimulus packages coming to an end, and international borders remaining closed, can this ex…
For anyone considering Australia as a future place of residence planning your taxation affairs is a critical element of the migration process.
The Australian taxation system is extremely complex and taxes residents worldwide income.
Thankfully, legal and sensible tax …