Melbourne is currently in the midst of generational change, where people who bought property in the 1950s and 1960s are now estate-planning and selling properties in order to divide the proceeds between children and grandchildren.
What is the difference between a Market Appraisal and a Property Valuation
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.
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.
In our June update David and Daniel talk about where the market is? Over the last 4 years the real estate market has seen a steady growth and strong activity, and we haven't seen the usual seasonal changes throughout the year. With winter approaching and tax time looming the market has softened slightly.
