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"New laws introduced at the beginning of July mean that foreign owners of property in Australia worth £2 million or more face paying an extra 10% in tax."

#property #tax #GetAdvice
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"According to CoreLogic, houses make up 93% of the million-dollar median market with only 7% of the properties being units."
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"While there is currently some debate over the strength of its figures, CoreLogic puts the gain in Sydney property prices so far this year at 10.4%."
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The report predicts that apartment commencements will total just 53,800 across Australia in 2019-20, a 50% fall from current levels.
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Australia’s youth are spending up big on travel rather than try to scrape together cash for a home loan.
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It's easy! AdviceMarket finds the right #advisors for you in just a few clicks. Learn it here https://www.advicemarket.com/

Read our FAQs 👉 https://www.advicemarket.com/faqs/
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Based on all traditional measures — population growth versus completion rates, supply and demand — we could very well be heading for a messy ending to the high-rise boom.
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Victoria has had the biggest decline in home ownership.
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Watch out for zoning restrictions such as development height limit. Ask our advisers! #GetAdvice
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