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NSW Premier Dominic Perrottet’s long-held goal to radically overhaul stamp duty and introduce a broad-based land tax will be one of the major reforms in the bud…
STAMP DUTY
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The ACT government has extended its stamp duty scheme by removing stamp duty from off-the-plan property purchases up to $600,000.
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The increasing impost of stamp duty is restricting the number of properties that come onto the market, contributing to record-high prices.
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Stamp duty discounts were introduced by the Victorian government last year to help stimulate the property market.
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First home buyers in NSW would be eligible for $25,000 grants under a new plan to help them get onto the property ladder.
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The last time stamp duty and home renovations drove economic growth to a similar extent to now was in June 2002.
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A premium stamp duty will also be introduced, with property transactions above $2 million attracting a $110,000 duty plus 6.5 per cent of the dutiable value in …
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Legal and accounting professionals have criticised the NSW government’s strategy to replace stamp duty with an annual land tax.
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Accounting bodies are concerned about the need to juggle three taxes concurrently: stamp duty, land tax and property tax.
Australian Property Investor Magazine
Latest Articles
With prices declining in Sydney and Melbourne and property price growth around the country slowing in most markets, there are still abundant buying opportunities as identified by regular API Magazine contributor Lloyd Edge.
A sustained period of strong rental growth has seen national dwellings record the highest annual growth in rental values since December 2008, with investors now weighing up yields against property price movements.
Australia now has the lowest industrial and logistics vacancy rate in the world, after falling to 0.8 per cent through the first half of 2022, with Sydney and Perth the tightest markets.
The Reserve Bank of Australia has repeated its double dose of interest rate hikes, lifting its cash rate by 0.5 per cent for the second consecutive month and putting further pressure on real estate prices.
Property prices among Perth's best performing suburbs have shot up by more than 30 per cent in the just completed financial year, with prestige properties soaring over the year but mid-range suburbs playing catch-up in June.
Whether forming Hong Kong's first Aussie rules football team or creating wealth through a significant property portfolio, Melbourne-based Ray Wood has been kicking goals on and off the field.
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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:
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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 …
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