The NSW Government now provides first home buyers, purchasing properties for between $650k and $1.5million, the ability to choose to pay an annual property tax instead of stamp duty.
The property tax will only be payable by first home buyers who choose it, … Read the rest
Stamp Duty or Land Tax?
Which is best, an upfront Stamp Duty, or an Annual Land Tax, when buying a property?
New South Wales has proposed following the ACT in removing Stamp Duty on property purchases and replacing this with an annual property tax.
Dominic … Read the rest
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.
To answer that we need to define what a Boom is.
From the Cambridge Dictionary: “A housing boom is a time when the price of houses rises quickly“.
From Wikipedia: “A land boom is the rapid increase in the market price … Read the rest
The following property prices are split between Established and Attached properties, with prices for each Capital City and the remainder of the State, or Territory.
Median Property Prices have risen in NSW during 2018, in many regions, while Sydney has tended to be the main focus of the Price Drop headlines.
According to the Median house price data from the Domain House Price … Read the rest
Using the Australian Bureau of Statistics report: “6416.0 House Price Indexes: Eight Capital Cities” as a base for Australian Median Property Price information, I have created the following chart using their “September Quarter Key Points” from each of the September reports issued from 1995 to 2010.… Read the rest
Sydney Property price movements are not as straight forward as some people may think.
Sydney is a very large area, with very different price movements between the three main areas, Inner Sydney, Middle Sydney and Outer Sydney.
It is quite common to read that Sydney is heading for, or has … Read the rest
The following figures show the results from one Saturday’s property auctions in October 2010 in various Sydney Suburbs.
It shows the individual prices for certain property types, 3, 4 and 5 bed houses, but only for AUCTION sales. Many properties where prices are more stable are sold by normal real … Read the rest
The following shows the Median House prices for Sydney, in the June 2009 Quarter, from three of the main property pricing options:
June 2009
$490,000 Australian Bureau of Statistics
$533,904 RP Data
$547,000 Australian Property Monitors
Why the difference ?
Annual Changes – as quoted by the Australian Bureau of … Read the rest
