Surcharges when Foreigner is Buying Property in NSW

Foreign Purchasers of Australian property.

When foreigners purchase property in NSW, they are subject to surcharges in addition to the normal duty payable on property purchases.

These surcharges do not apply to Australian citizens.

They do apply to foreign persons, including foreign individuals, corporations, trusts and governments.

What is a

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Austalian Property Stamp Duty for Foreign Buyers

Australian Property Stamp Duty for Foreign Buyers in 2021.

If you are not an Australian Citizen, or do not hold Permanent residency, you may be treated as a foreign citizen when buying a House in Australia.

You are a foreign individual if you are not an Australian citizen or permanent Read the rest

Australian Property Rental Averages 2020

Median Rental Costs in Australia, 2020.

These are the median weekly rental costs for residential accommodation in the major capital cities of Australia, at December 2020.

$550 Houses
$470 Units (Apartments, Town Houses etc)

$440 Houses
$338 Units (Apartments, Town Houses etc)

$425 Houses
$400 Units (Apartments, … Read the rest

Australian House Price rises September 2020

Earlier this year, in May 2020, there were statements that property prices could drop by 20%.

This caused a lot of excitement for prospective buyers at the time.

What has happened though?

Australian Property Prices still Rising.

Most cities have continued with increasing median prices, ranging from annual increases of … Read the rest

Aussies are ditching capital cities, due to Property Prices.

Australians are ditching capital cities in droves as the housing affordability crisis continues, with millennials making up a large cohort of the outflow, new research has revealed.

Property prices in the Capital Cities are proving to be much higher than in regional areas, yet still not too far from the … Read the rest

Queensland Median House Price Variations Feb 2020

QLD: Median House Prices.

I was reading about a Queensland couple who earn about $120,000 per year between them, and say that it will take them about 11 years to save a 20 per cent deposit for a house.

It made me compare two Queensland suburbs, both within commute distance … Read the rest