Stamp duty discounts, a planning revamp and a major building boost are on the horizon in Victoria, as the state government leans on the property sector to underpin the state’s economic recovery from COVID-19.
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Australian Property Investor Magazine
Cashed-up institutional investors and large-scale developers continue to sharpen their focus on build-to-rent, with United States headquartered Sentinel Real Estate Corporation and ASX-listed Mirvac and among those making recent major moves.
Property investors and homeowners outside of Australia’s capital cities are cheering, with the country's biggest regional markets enjoying almost universal house price gains.
A modern family house in North Curl Curl that assimilates into the bedrock of Sydney’s Northern Beaches headlands has been named the best home in New South Wales for 2020.
Property rental rates and values can change, and this is particularly evident for units and other types of strata complexes.
Victoria has been tipped to be the next Australian state to consider stamp duty reform, with the state government expected to keep a close eye on New South Wales’ proposal to replace the tax with an annual levy.