Stamp duty reform is finally on the agenda and the latest idea involves giving future home buyers a choice.
You can pay an upfront lump sum of about $40,000 on a $1 million purchase (in NSW) or an annual land tax of around $3,000 for every year that you continue to live in the property.
Many Australians will be making new choices about how and where they live, borne out of financial necessity for some or a long dreamed about lifestyle change for others.
Here are the trends I see for the future as we emerge from the Covid-19 pandemic.
All the latest pricing data indicates only a small hit to the property market from Covid-19 so far.
A lack of homes for sale is helping to keep prices stable, with Sydney values dipping only slightly by -0.4 per cent and Melbourne -0.9 per cent in May, according to CoreLogic.
Brisbane dipped just -0.1 per cent and Canberra values increased 0.5 per cent.
Ready to spend winter in a new home, or are you letting go of one of your investments? Either way, you need to prepare your home, expectations and start actioning a few things on your to-do list. Read on for our key tips on selling this winter.
The cosiest time of year has started to roll around again, and we all know that means we need to make things warm! Whether you want to add a few small touches to your home to refresh the décor or want to up the ante this winter by making your outdoor area the ultimate winter hangout, warming up your home this winter is easy.
Donna Etchells - McGrath Estate Agents 