I learnt that the Democrats in Tas are urging the state govt to reconsider Stamp duty like NSW has:

http://www.abc.net.au/news/newsitems/s1085499.htm

I also learnt from a dream last night that I don’t want to work full time anymore – funny that – still working full time (but not till after the next 2 weeks holidays……..)
Timbo

OK I am in Nth NSW and everybody has of course heard of Byron Bay but further north closer to the boarder, Cabarita Beach, Hastings Point and Potssville are headed for big development down the track.

The biggest development (which is just north of all those areas is Salt, here are some great aerials from the main web site which is…[Read more]

Paula,

saying that a town has a lot of listings per population has to be relevant to something else (i.e. compared to other populations). So really you probably need some other basic indicators such as:

– what are the fundamentals of the particular property (ie price and rent)

– what is trends of the town (i.e. population trends (declining or…[Read more]

Paula,

saying that a town has a lot of listings per population has to be relevant to something else (i.e. compared to other populations). So really you probably need some other basic indicators such as:

– what are the fundamentals of the particular property (ie price and rent)

– what is trends of the town (i.e. population trends (declining or…[Read more]

I remember reading in an Australian investing book:

– 20 years ago 18 taxpayers per 1 welfare recipient
– today 6 taxpayers per 1 welfare recipient
– in 2020 1 taxpayer per 1 welfare recipient

Even if these predictions are wrong it sure points towards Australia having an ongoing tax base where we are taxed more and more.

So while we might not…[Read more]

SuperTed

Sth Brisbane (Logan Area) – I believe prices have reduced slightly or stabilised in the last 3 months

Nt NSW Coastal areas – as above, except for extremely well position properties not in the major coast towns (such as Byron or Lennox or maybe even Ballina)

Tim

Thanks Phil,
Timbo

Kay,

you raise some valid points. Do you think rents will increase as a result?

Timbo

The way I see it is that if the government has increased the cost of owning/investing in IP’s then in due time the market will cover those costs and in fact probably increase on them through additional rents and capital gain.

In the short term there will be panic, people will sell (why on earth would you sell?).

Rents increasing very soon I predict.

Tim

Steve (and Derek),

thanks for your replies. I tend to agree with you Steve (although I wouldn’t be suprised if other states follow suit).

My guess is the market is going nowhere, but rents will be pushed up due to land tax. Is it possible though that sub $500k IP will be now held onto more due to levy tax, thus supply reduces yet first home…[Read more]

Steve,

have just been reading your book which is excellent.

Do you think this move by Carr is going to kill the NSW property market or just push prices up?

Any thoughts would be appreciated.

Tim