More than half of Australians believe abolishing stamp duty would be the best way to assist the Australian housing market... NSW strata laws hold big changes for Sydney...
Aussies pick stamp duty removal as best way to assist property market
More than half of Australians believe abolishing stamp duty would be the most effective method policy makers could take to assist the Australian housing market.
Online property marketing agency iBuyNew used a survey to ask people “what would be the best way for government to assist the property market?” with 55% of respondents calling for the removal of stamp duty.
Increasing first home buyer grants was the next most popular suggestion, gaining support from 30% of respondents.
The survey also shows the debate over the future of negative gearing may not be over; with 15% of respondents believe the removal of the tax break would be the best method of government assistance for the housing market.
NSW strata laws hold big changes for Sydney
Set to come into force at the end of November, New South Wales’ new strata laws are set to open up prime development opportunities in Sydney.
Included in the new legislation is the allowance for an entire strata scheme to be sold if 75%, rather than 100%, of owners agree to the sale, which real estate services firm CBRE believes will be big news for Sydney’s property market.
Rich Gell, residential development manager at CBRE believes the easing of sale requirements will be particularly welcomed by owners in residential and commercial strata agreements who face increasing maintenance and repair bills.
“The changes will promote the urban renewal of dated and near obsolete strata complexes throughout metropolitan Sydney, which are approaching the end of their physical life,” Gell said.
“As Sydney entrenches itself as one of the world's most green, global and connected cities, there is a greater requirement to create sustainable communities for people to reside, particularly in light of forecasts that the city's population will be circa 6 million by 2031,” he said.
(Your Investment Property)
More than half of Australians believe abolishing stamp duty would be the most effective method policy makers could take to assist the Australian housing market.
Online property marketing agency iBuyNew used a survey to ask people “what would be the best way for government to assist the property market?” with 55% of respondents calling for the removal of stamp duty.
Increasing first home buyer grants was the next most popular suggestion, gaining support from 30% of respondents.
The survey also shows the debate over the future of negative gearing may not be over; with 15% of respondents believe the removal of the tax break would be the best method of government assistance for the housing market.
NSW strata laws hold big changes for Sydney
Set to come into force at the end of November, New South Wales’ new strata laws are set to open up prime development opportunities in Sydney.
Included in the new legislation is the allowance for an entire strata scheme to be sold if 75%, rather than 100%, of owners agree to the sale, which real estate services firm CBRE believes will be big news for Sydney’s property market.
Rich Gell, residential development manager at CBRE believes the easing of sale requirements will be particularly welcomed by owners in residential and commercial strata agreements who face increasing maintenance and repair bills.
“The changes will promote the urban renewal of dated and near obsolete strata complexes throughout metropolitan Sydney, which are approaching the end of their physical life,” Gell said.
“As Sydney entrenches itself as one of the world's most green, global and connected cities, there is a greater requirement to create sustainable communities for people to reside, particularly in light of forecasts that the city's population will be circa 6 million by 2031,” he said.
(Your Investment Property)
