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stamp duty

Australian Real Estate Market Update July 2010

Analysts believe that the drop in auction clearance rates in Australia are showing that prices will fall in the second half of the year. The property market has begun to relax over the last couple of months. Consumer confidence declined 7% in May and the interest rate rises have finally started to have an impact. And, despite new laws being introduced, the cumulative effect will take a long time to materialize.

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The New Tax for New South Wales

Whether the new property tax for New South Wales was “slipped in” by stealth at the same time as the Federal Budget for 2010 was released, is unfortunately neither here nor there. What is of primary concern is that it is being introduced during less than favourable times and is a complete slap in the face to the Henry Review.

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Buying Real Estate in Malta

The Maltese Islands, consisting of Malta, Gozo and Comino, cover an area of about 320 square kilometres and have a population of about 400,000. The islands are located in the centre of the Mediterranean just south of Sicily. English is, with Maltese, an official language and is spoken by practically everyone. Laws are published in English and Maltese, and business correspondence is usually conducted in English. A number of real estate projects currently exist, aimed at providing qualitative properties to foreigners wishing to invest in Malta.

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Buying Real Estate: Changes to the First Home Owner Grant – the facts

First home buyers of any type of property in NSW will be eligible for a $7000 grant for the purchase of any property – a new or existing dwelling. This is called the NSW first home owner grant. To be eligible for the additional supplement of $3000 you must purchase between November 11 2008 and June 30 2010. This is called the NSW Home Buyers Supplement.

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I Have A Dream: NSW Stamp Duty Slashed

Over the last month or so I have had numerous discussions with people from all around the world about the level of Stamp Duty we pay in Australia on property transactions. In my opinion it acts as a huge disincentive for people to transact and puts additional and unnecessary barriers in place for buyers and […]

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