Entries by admin

The Good News!

Concessions and exemptions for home buyers and retirement village residents: 1. Abolition of Mortgage Stamp Duty; 2. An increasing in the threshold for the firm home buyers duty exemption from $320,000.00 to $500,000.00; 3. An increase in the ceiling for the principal place of residence concession from $320,000.00 to $350,000.00; and 4. An extension of […]

Important new changes to Australia’s foreign investment policy

The Australian Government has announced it will shortly amend its Foreign Investment Policy. This amendment will have a material effect on residential land buyers. The big change is that temporary residents may purchase second hand dwellings. This took effect from 18 December 2008, but will change again shortly. For more information please read our brochure If […]

Stamp Duty Changes

The Background When the Qld Treasurer, Andrew Fraser, handed down the 2008/2009 State Budget it outlined various changes to stamp duty associated with Queensland properties. The intent of the new structure was to generally improve competitiveness with other states and assist First Home Owners with the affordability of buying their own homes. While the budget […]