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Tag Archive 'government'

  Australian vendors selling a property for more than $750,000 must prove they are not a foreign resident by obtaining a clearance certificate through the ATO from July 1. Here’s why: Several years ago, the Federal Government introduced measures to curb overseas investment in Australian residential property. The goal was to deter these investors from […]

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Australian residents buying or selling real property with a market value of $2 million or more need to be aware of new rules which come into effect on 1 July 2016. Details released by the Australian Tax Office (ATO) on May 19, 2016 Assistant Commissioner Malcolm Allen said Australian residents who are selling a taxable […]

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With only two months to go until the $7,000 First Home Owners Grant is abolished, most Victorians see it as a blow for buyers still planning to purchase their first home. Real Estate Institute of Victoria (REIV) CEO Enzo Raimondo said that whilst first home buyers would benefit from the newly introduced 40% stamp duty […]

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State Land Tax Laws

Most property investors and holiday home owners will understand the implications of our state’s land tax laws. But the average home owner or first time investor may be relatively unfamiliar with them. Land tax is an annual tax levied on the owners of land in Victoria worth more than $250,000. You may be liable for […]

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Both State and Federal Governments are now focusing their First Home Purchaser grants and concessions to those who are building a new home. Recently the New South Wales government introduced a new scheme and already after less than 2 weeks, there has been a jump in those purchasing land as well as new apartments. Governments […]

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Green light for rail link

THE BAILLIEU government will honour a $4.3 billion transport commitment to the western suburbs. Last week the future of the Regional Rail Link, part of the Victorian Transport Plan, was being reviewed by the State Government. While residents were left in the dark about the future of the program, a spokesperson for Transport Minister Terry […]

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ALMOST 48 hours after polls closed in the Victorian election, Premier John Brumby has conceded defeat. "The reason I am here today is that I have just spoken to Ted Baillieu and have congratulated him on his election victory," Mr Brumby said. "I had a long conversation, a positive conversation, and I wished him every […]

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