The Property Tribune Taking over the role of Treasurer after his landslide win at this year’s state election, WA Premier Mark McGowan released his first budget. Local industry body the Urban Development Institute of Australia (UDIA) provided their reaction to the budget. The UDIA welcomed the two-year extension of the Transfer Duty Rebate Scheme for […]
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THIS WEEK MARKED THE INTRODUCTION ON NEW STAMP DUTY EXEMPTION THRESHOLDS FOR FIRST HOME BUYERS. FROM THE 1ST JULY ONLY PROPERTIES PRICED UNDER $430,000 WILL RECEIVE THE FULL STAMP DUTY EXEMPTION, WITH CONCESSIONS PHASING OUT AT $530,000. NO CHANGES WERE MADE FOR FIRST HOME BUYERS OF NEW HOUSE AND LAND PACKAGES, WITH EXEMPTIONS FOR LAND […]
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WHILST THE FUNDAMENTALS FOR A CONTINUED UPLIFT IN PROPERTY ACTIVITY ARE STRONG, PROPERTY MARKET MOMENTUM WILL BE MAINTAINED AND EXACERBATED BY EMOTIONAL FACTORS Strong economic growth, record population growth, a tight rental market, decreasing mortgage costs, falling property listings; the list could go on. Even though the land development industry is largely not optimistic, these […]
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