Stamp Duty scrapped! That was the headline a few days ago.
Stamp duty on sales of real estate housing loans is set to be abolished after the Henry tax review, which is likely to recommend states be given a share of income tax to make up the difference. The most likely path to do this would be for the commonwealth to give the states the ability to impose their own surcharge on income tax, which would be collected for them by the Australian Tax Office
Don't hold your breath on this review, it won't be completed till the end of 2009 and getting all those bureacrats in 8 states and the the feds to agree would be a miracle.
Wednesday, July 8, 2009
Monday, June 8, 2009
Real Estate market hits the bottom- only way is up!
Hi everybody,
The "doomsayers" have had their day! Right now people are saying we have had enough of shares etc and want to have control of their own assets. At Realistic Property we keep our ear to the ground, and while doing this have noticed a distinct upbeat attitude on the part of people now ready to start to invest in Queensland. Commentators like Michael Matusik of the Matusik Report and Bill Morris of the Midwood Report are all optimistic as to the bottom of the market being reached and expecting the market to gain momentum in both demand and price by the end of 2009.
Right now, some very good bargains are out there. for instance, one of our developers has just reduced the price of his 3 bedroom apartments in Robina on the Gold Coast of Queensland by A$60,000 each! That is a great save and will certainly contribute to the overall capital gain to be realised in the coming years. Add in a guarantee of a rental payment until a tenant is found plus the lowest interest rates for over 40 years and it does not get much better than that.
That is only one so, if you want more information just call us or email to ian@realisticproperty.com.au
The "doomsayers" have had their day! Right now people are saying we have had enough of shares etc and want to have control of their own assets. At Realistic Property we keep our ear to the ground, and while doing this have noticed a distinct upbeat attitude on the part of people now ready to start to invest in Queensland. Commentators like Michael Matusik of the Matusik Report and Bill Morris of the Midwood Report are all optimistic as to the bottom of the market being reached and expecting the market to gain momentum in both demand and price by the end of 2009.
Right now, some very good bargains are out there. for instance, one of our developers has just reduced the price of his 3 bedroom apartments in Robina on the Gold Coast of Queensland by A$60,000 each! That is a great save and will certainly contribute to the overall capital gain to be realised in the coming years. Add in a guarantee of a rental payment until a tenant is found plus the lowest interest rates for over 40 years and it does not get much better than that.
That is only one so, if you want more information just call us or email to ian@realisticproperty.com.au
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