'Super City' Sydney seventh on Knight Frank foreign investment list
Knight Frank's inaugural report, Active Capital – The Report 2017, which looks at foreign commercial real estate investment in ten 'Super Cities', lists Sydney in seventh place.
Capital gains withholding tax too low for foreign residents says REIA
The threshold for foreign-resident capital gains tax withholding has been reduced to an unnecessarily low level, subjecting agents and conveyancers to additional red tape and costs for no good reason, says Malcolm Gunning of the REIA.
NSW moves a "great first step" to improve affordability: REINSW
John Cunningham, president of the REINSW, says the state government's moves to help first-home buyers are welcome "first steps" to address housing affordability pressures in NSW.
NSW expected to increase charges for foreign investors, help first-home buyers
With recent data showing that one in every 10 buyers in NSW is from overseas, the state government is expected to double the foreign investor surcharge, raising funds to help first-home buyers.
Reflecting on the 2017 budget, Point Polaris Director, Andrew Hogan, weighs in on the implications for Australia’s property industry and considers the effects of foreign ownership of new developments being capped at 50 per cent.
"If a family or an individual has a roof over their head that they can rely on, then all of life's other challenges become more manageable." Scott Morrison, 2017 Budget speech.
Australia still a property hot spot for Chinese buyers
Chinese investors are finding new ways to finance real estate purchases in Australia, with 40 per cent saying they would use vendor finance to buy property over the recent Golden Week holiday period, according to Jon Ellis of Investorist.
