First home buyers have welcomed the option to swap stamp duty for an annual property tax, saying it would help them into the housing market sooner by reducing upfront costs. First home buyers will be able to pay a property tax for homes worth up to $1.5 million, which would consist of an annual levy
Author: Patricia Kho
The number of homes available to rent in Australia’s capital cities tightened by a further 5.4 per cent last month to hit a new historic national low – it’s an astonishing 54 per cent slump since May 2020. Vacancy rates around the country now sit uniformly at crisis levels, the latest Domain Rental Vacancy Rate
Have a safe long weekend!
Australia’s downward house price trend will not change despite a new federal Labor government being elected on the weekend, experts say. Economists are predicting the property market will continue to soften despite new policies aimed at helping first home buyers, single parents and low-income earners get into the market sooner and a promise of 30,000
The strategy is the result of the detailed review of the planning controls that apply to Australia’s most productive and strategically important employment centre. READ MORE: https://www.cityofsydney.nsw.gov.au/strategic-land-use-plans/central-sydney-planning-strategy
The Reserve Bank of Australia has given its biggest hint yet that borrowers will wear the cost of an interest rate hike sooner rather than later as the economy roars back after COVID-19. Releasing the minutes of its April monetary policy meeting – where the RBA kept rates on hold at the record-low 0.1 per cent
The link below is about some activities for the Easter holidays. Kho and Lee Property Group wishes you all a happy and safe Easter long weekend. READ MORE:
A looming hike in Australia’s official cash rate will result in a crash of the property market goes the theory – but one of the nation’s top economists says that’s unlikely to happen. Analysing the potential impact of a rate hike, AMP Capital’s Chief Economist Dr Shane Oliver said while he expects house prices to fall up
THE Morrison government has pinned its re-election hopes on the Budget 2022 with funding for housing, infrastructure, childcare, aged care and manufacturing supply chains but Treasurer Josh Frydenberg ignored the government’s own recommendations to stimulate the build-to-rent sector and missed the opportunity to reform the taxation system. It was no surprise that the budget’s signature
It’s well and truly picnic season. Shake things up a little for your next feast and explore one of these great parks and outdoor areas. Our waste teams are working hard to keep bins emptied, but with more of us eating outside they may be a little fuller than usual. We recommend taking your waste