Are Off-Market Sales Drying Up?

Off market sales became popular when Sydney’s property market was white hot.

Off market sales have always existed. But they started to become a standard feature of the Sydney property market in the strong conditions that existed between about 2013 and 2017.

That’s because going off-market has always been a strategy that tends to work very well in tight property markets, especially for high-end properties. With limited supply and enough interest in a property, it can let a seller cut straight to the people most likely to buy without the need to go through a lengthy public market campaign.

New Changes to ATO Withholding Tax Considers Buyers “foreign until proven otherwise”

New Changes to ATO Withholding Tax Considers Buyers “foreign until proven otherwise”

The Australian Taxation Office (ATO) has changed the rules for clearance certificates yet again this financial year. The new rule was implemented as part of the 2017 federal budget and was in effect from July 1st, 2017. It is due to affect approximately 60% of the housing market.

3 Big Changes for First Home Buyers

3 Big Changes for First Home Buyers

Housing affordability has become a hot topic in NSW. Young first home buyers and the middle-class are particularly scorned due to Australia’s high cost of housing in proportion to wage growth.  Luckily, the NSW government has recently released a new package of measures designed to improve housing affordability across NSW and give a leg-up to those looking to break into the housing market. Foreign investors, on the other hand, will be receiving a slap on the wrist.