All Topics / General Property / NSW property vendor tax NOW abolished…

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  • Profile photo of GeoffBeckGeoffBeck
    Member
    @geoffbeck
    Join Date: 2003
    Post Count: 95
    August 2, 2005 - 3:27 am

    Well it’s now official, NSW property vendor tax is abolished from TODAY.

    http://finance.news.com.au/story/0,10166,16127062-31037,00.html

    What will this do to the property market in NSW now???

    Cheers
    GeoffB

    Profile photo of wilandelwilandel
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    @wilandel
    Join Date: 2003
    Post Count: 761
    August 2, 2005 - 5:51 am

    Hi Geoff,

    Real Estate investing is a funny thing…..

    Today we have managed to “finally” sell a property in Hervey Bay, and NOW THIS great news…..

    There is NOW hope that we will sell our block of land in Nambucca Heads….

    Have a good day,
    Del [biggrin]
    http://www.nzpropertytogo.com

    Profile photo of powmowpowmow
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    @powmow
    Join Date: 2003
    Post Count: 91
    August 2, 2005 - 11:51 am

    i read something that said it will have quite a large impact on small investors, but for larger, long-term investors they knew that one day it would be abolished.

    i reckon the market will be given a slight boost, with maybe not as many people drifting over the border to QLD or WA etc to invest.

    it will be interesting to see….

    Profile photo of dmichiedmichie
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    @dmichie
    Join Date: 2005
    Post Count: 245
    August 2, 2005 - 10:17 pm

    Has anyone considered that abolishing the vendor tax will bring a flood of sellers into the market and who have been holding onto their IPs because of the vendor tax?

    More sellers means lower prices.

Viewing 4 posts - 1 through 4 (of 4 total)

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