Latest News
Sunday, November 01, 2009
Newcastle Number 1 in Hottest 100!
You may have seen the stories recently in the papers and on TV naming Newcastle as the hottest place in Australia for predicted property price increases.
It would appear our secret is out and the rest of Australia now knows what we all know...Newcastle offers a great lifestyle and is still very affordable for what it has to offer.
Matthew Liddy from Property Investor Magazine consulted the best property brains in the country to come up with a definitive list of 100 of the best suburbs to invest in.
So what's the best of the best? Property expert and Hottest 100 judge Terry Ryder has identified his top five:
1. Newcastle, NSW
2. Geraldton, WA
3. Gympie, QLD
4. Port Adelaide, SA
5. Mornington Peninsula, VIC
2. Geraldton, WA
3. Gympie, QLD
4. Port Adelaide, SA
5. Mornington Peninsula, VIC
We are certainly seeing more buyers enter the market who are upgrading from their existing home and others who are getting back into investing in property. We currently have over 20,000 people in our database that receive regular information.
If you've been thinking about buying or selling please contact us today for free no obligation advice on 4902 7222.
50% Reduction of Stamp Duty
Just a reminder that the NSW Government's "Housing Construction Acceleration Plan" is to be reviewed on 31st December, 09.
The plan currently provides a 50% cut in stamp duty for people - including investors - buying newly constructed dwellings valued up to $600,000 between 1st July, 09 and 31st December, 09. Even if you've owned property before, you still qualify under this plan.
The details in brief are:
- Stamp duty cut by 50% for investors and any other homebuyer purchasing new property at an exchange price value, or real value, of $600,000 or less.
- New property is defined as a house/unit/townhouse that no-one has lived in previously (i.e. no previous exchanges).
- Contracts must be entered into after 1st July and before 31st December, 09.
- It includes off the plan sales or sales of property currently under construction, provided they are completed by mid 2011.
- It includes substantially renovated homes; however this criterion is highly qualified and would not include a usual renovation.
- This doesn't affect the first home buyers scheme/stamp duty scheme.
Contact us if you would like to discuss buying a property that would qualify for the reduction in Stamp Duty on 4902 7222.