Hi,
You can use this thread to post feedback, comments and thoughts and contribute to our discussion about our June Property Market update.
Topics featured in the update include:
- What's Hot… Median House Prices For April 2010
- Is Our Domestic Economy About To Collapse?
- Why Volatility In Equity Markets Is Hurting Confidence Will Interest Rates Keep Rising?
- Winners & Losers From The NSW Stamp Duty Concessions
- What Will The Resource Super Profits Tax Do To Property Prices?
- US Economy & Domestic Housing Finance Data
- Property Outlook, Ideas To Profit & Concluding Comments
Please join in and let's create a robust discussion.
– Admin
Hi all.
I think this MEGA Market Update was great! The great things that SM highlighted were the NSW govt offering incentives for empty nesters. This is a huge up and coming market trend. For anyone who is planning to develop, to ignore what is yet to become a huge market is a mistake. In other states there are not these incentives but who is to say they wont be brought in at a later date if they are seen to be working. The other great information for everyone is SM's take on the sky is falling for property. It isn't, lets move on.
Thanks for putting it together Steve!
DDWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeHi all.
I think this MEGA Market Update was great! The great things that SM highlighted were the NSW govt offering incentives for empty nesters. This is a huge up and coming market trend. For anyone who is planning to develop, to ignore what is yet to become a huge market is a mistake. In other states there are not these incentives but who is to say they wont be brought in at a later date if they are seen to be working. The other great information for everyone is SM's take on the sky is falling for property. It isn't, lets move on.
Thanks for putting it together Steve!
DDWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeRE NSW STAMP DUTY CHANGES
We have a property near Parramatta which we propose to build a new house at the rear, then split the title with a dual occupancy title. Has to be dual occ due to size of land, which council requires us to build before the new title comes into effect.
Can we take advantage of the new system by selling to an empty nester market, off the plan, pending new title?
Then we can get some benefit from the new concession, which we may then recuperate on selling the reno'd existing house. (As mentioned, the old house may be less attractive due to the concession.)quickchick
RE NSW STAMP DUTY CHANGES
We have a property near Parramatta which we propose to build a new house at the rear, then split the title with a dual occupancy title. Has to be dual occ due to size of land, which council requires us to build before the new title comes into effect.
Can we take advantage of the new system by selling to an empty nester market, off the plan, pending new title?
Then we can get some benefit from the new concession, which we may then recuperate on selling the reno'd existing house. (As mentioned, the old house may be less attractive due to the concession.)quickchick
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