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‘We want to emigrate to Australia, but can we afford to?’

04 May 2015

The Age 4 May 2015, Clancy Yeates Daniel Warwicker and his partner Melanie Nelson-Strom are determined to start a new life in Australia. They want to swap their tiring commute from their rented home in Surrey to London and long work hours for a more balanced lifestyle on Queensland’s Gold Coast, a sub-tropical surfing mecca […]

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Posted in Apartments, Properties

Shock new Victorian government taxes proposed for Asian home buyers

04 May 2015

Propertyobserver.com.au JONATHAN CHANCELLOR | 1 MAY 2015 Foreigners buying houses in Victoria will be be required to pay new taxes, in an audacious state budget scheme aimed at capitalising on statistics showing foreign demand for new properties in Victoria has leapt from about 5% in 2011 to more than 30% in 2014. Copying the practice […]

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Posted in Daily News, News

Melbourne’s unit hotspots for 2015

22 March 2015

Property experts warn unit-price growth in Melbourne could be sluggish in 2015 due to oversupply in the inner city – but some suburbs are expected to buck the trend. The pockets tipped to outperform are undergoing gentrification, have quality amenities or are areas popular with downsizers, who may be priced out of medium-density housing in [&h [...]

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Posted in Daily News, News

National rental market tightens over February: SQM Research

17 March 2015

Propertyobserver.com JESSIE RICHARDSON | 17 MARCH 2015 Vacancy rates across Australia were down last month with Melbourne and Canberra’s markets tightening the most, according to SQM Research. Meanwhile, vacancy rates continue to escalate in Darwin and Perth. The national vacancy rate was down to 2.2% with 66,094 vacancies, from 2.3%, with [...]

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Posted in Daily News, News

New fees are small change for FIRB buyers

28 February 2015

Propertobeserver.com.au Shane Oliver 26 Feb 2015 GUEST OBSERVATION If the media is to be believed, the reason the real estate market is so hot is due to foreigners, especially Chinese, turning up with blank cheques buying everything in sight. Apparently Australians are no longer able to get a foothold in the housing market because the […]

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Posted in Daily News, News

New law coming for foreigners buying secondhand properties

25 February 2015

Propertyobserver.com.au JONATHAN CHANCELLOR | 25 FEBRUARY 2015 Foreigners approved to buy established residential properties will have to pay extra when they purchase through the Foreign Investment Review Board (FIRB) under laws proposed by the federal government. A $5,000 fee will be payable on FIRB approved properties valued under $1 million, [...]

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Posted in Daily News, News

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