Search Results for: Queensland land tax
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INDUSTRY NEWS
Controversial Queensland land tax shelved
The Queensland Government has shelved its controversial land tax, with the state’s peak real estate body saying the decision is the right one to make.
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NEWS
Queensland land tax will exacerbate the state’s rental crisis
The Real Estate Institute of Queensland has called on the State Government to repeal its “illogical” land tax regime or risk worsening the rental crisis and stymying investment in the state.
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Elite Agent
Queensland multi-jurisdictional land tax plan hits a hurdle
The Queensland Government’s plan to introduce a land tax that encompasses property in other states may have hit a snag, with New South Wales Premier Dominic Perrottet saying he won’t hand over the property data.
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COMMERCIAL
“Tax grab” could see investors leave the Queensland market
The Queensland government’s “tax grab” could see residential property investors exit the market and put pressure on small businesses according to an expert.
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QLD
REIQ slams Queensland Government’s land tax regime
The Real Estate Institute of Queensland has accused the Queensland State Government of ‘dipping into the piggy bank of property owners’, with its new land tax regime. The REIQ said it was a slap in the face to the very sector that was propping up the economy. The announcement comes off the back of soaring stamp duty revenue, with $5.38…
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INDUSTRY NEWS
Victorian investors are selling up over costly land tax
Stockdale & Leggo agencies across Victoria have reported a large number of mum and dad investors selling up ahead of the state’s new land tax coming into effect next year.
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INDUSTRY NEWS
Failed QLD land tax has seen investors flee
The Queensland government’s failed attempt to introduce an expanded land tax has done long-term damage to the state’s stock of rental properties according to new analysis.
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INDUSTRY NEWS
Queensland Budget offers “little hope” for long-term housing solutions
The Real Estate Institute of Queensland says Queenslanders looking to enter the property market or secure long-term shelter for their family will find “little hope” in the State Budget.
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INDUSTRY NEWS
Taxing vacant homes and holiday rentals could help ease the housing crisis
Incentivising investors, taxing vacant homes and holiday rentals and releasing more land are all measures being considered to address the current housing crisis according to the industry.
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INDUSTRY NEWS
Proposed rental laws in Queensland threaten to drive landlords out of market
More than 80 per cent of Queensland landlords would consider selling their investment properties if proposed changes to rental laws come in, a new survey has revealed.
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INDUSTRY NEWS
First home buyers look to beat land tax deadline
First home buyers trying to avoid the new NSW Government’s reintroduction of stamp duty could risk paying too much for a home, according to a leading auctioneer.
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INDUSTRY NEWS
Queensland Government to introduce rent cap
Queensland Premier Annastacia Palaszczuk has this morning given the strongest indication the State Government will push ahead with a plan to cap rent rises to one per year.
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INDUSTRY NEWS
Investors eyeing off South East Queensland
South east Queensland is back on the radar for property investors after the State Government shelved land tax changes an expert has said.
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NEWS
REIQ says public landlord register is unjustified
As the Queensland Government prepares for an upcoming housing summit to address the state’s ongoing supply issue, a suggested public landlord register has been labelled ‘unjustified’ by the Real Estate Institute of Queensland.
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INDUSTRY NEWS
Queensland real estate icon Andrew Bell joins REIA board
Ray White Surfers Paradise owner and widely respected agent Andrew Bell OAM has been appointed to the Real Estate Institute of Australia (REIA) board of directors as an additional director.
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INDUSTRY NEWS
Queensland rental supply falls 30 per cent as investors exit market
Surging house prices across Queensland have caused a wave of investor selling, the the number of available rental properties dropping dramatically.
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INDUSTRY NEWS
Landlords missing out on an important tax deduction
Landlords could be missing out on some significant tax deductions over the lifetime of their investment properties, according to industry experts.
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INDUSTRY NEWS
Queensland budget ‘a story of missed opportunities’ – Property Council
The Queensland Government released their COVID-19 Fiscal and Economic Review on Monday, but the Property Council of Australia says it’s a story of missed opportunities, and the state needs to take a fresh look at ways to stimulate the economy by creating jobs. “The fastest way to get activity happening is to remove the regulatory and financial barriers that are…
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NEWS
NSW tenancy reforms turn up heat for landlords and tenants
If you didn’t know already, the NSW Residential Tenancy Act and Regulations were updated and passed through parliament unopposed on 19 December, 2019. The new laws proposed by the State Government Innovation and Better Regulation office begin on 23 March, 2020, were aimed at providing an improved residential tenancy system. But will it achieve that? Only time will tell, but…
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INDUSTRY NEWS
REIQ offers expertise on Queensland real estate market
The REIQ will be opening its doors and welcoming property buyers and investors to its free Experts Guide to Buying Property seminar at REIQ HQ, Coorparoo, October 22, 2016. The seminar, now in its third year, offers detailed, helpful information for anyone looking to buy or invest in the Queensland property market. Presenters will talk on a range of property…
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NEWS
WA and QLD are the nation’s affordability havens
Western Australia and Queensland have emerged as Australia’s affordability havens, with more than half of all the more economical regions across the country located in the two states.
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INDUSTRY NEWS
Property market confidence is on the rise except for in Victoria
Industry insiders are feeling increasingly confident about the state of the property market, however, Victoria continues to lag behind.
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NEWS
Stamp duty is holding us back from moving homes – we’ve worked out how much
If just one state of Australia, New South Wales, scrapped its stamp duty on real-estate transactions, about 100,000 more Australians would move homes each year, according to our best estimates.
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NEWS
Median household incomes can only afford 39 per cent of rental properties
Rental affordability is at its worst level in almost two decades, with households earning a median income of about $111,000 able to afford to rent the smallest share of properties since 2008.
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NEWS
Market turnaround leads to profit for Domain
Domain has witnessed a “pleasing turnaround” in the property market and its financial performance, with profits rising 48.7 per cent.
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INDUSTRY NEWS
REIQ calls for stamp duty concessions to keep up with rising property prices
The Real Estate Institute of Queensland (REIQ) has called for the stamp duty concession threshold for first home buyers to be increased to be more in line with current day property prices.
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INDUSTRY NEWS
The top 50 residential real estate influencers for 2023
There is rarely a dull day in real estate. From mergers and acquisitions, record sales and the AI boom, 2023 has once again been a year for the record books.
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INDUSTRY NEWS
Investors flee Victoria causing more pain for tenants
Already in the grips of a rental crisis, investors are selling off their Victorian investment properties en masse, discouraged by the raft of taxes and regulatory burdens that are being thrust upon them.
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INDUSTRY NEWS
Investors flee the eastern states for Western Australia
After nearly a decade in the doldrums, property investors are flooding back into Western Australia at the expense of the East Coast.
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INDUSTRY NEWS
Nationwide housing drought: Australia’s vacancy rates plunge to record low
Australia needs up to 70,000 additional rental properties to create a balanced market, which is a need unlikely to be met anytime soon.
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INDUSTRY NEWS
Another 92 social and affordable homes for QLD
In a bid to help ease the ongoing housing crisis, the Queensland government is funding the construction of another 92 social and affordable homes.
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INDUSTRY NEWS
Investors selling up as government threats push them out
New legislation, increased taxation, and potential rental reforms, including rent freezes, have led to 12 per cent of Australian investors selling their properties, according to a new survey.
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INDUSTRY NEWS
Soft new home sales to hit builders in 2024
Australia is on the cusp of home building hitting a decade low at the same time demand for housing has reached crisis levels.
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INDUSTRY NEWS
Higher cash rate hitting new home sales
The sharpest increase in the official cash rate in history has seen new home sales across the country continue to fall.
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FRANCHISE NEWS
Talented Mackay couple take the reins at RE/MAX
One of RE/MAX Australia’s leading offices has changed ownership and name, with RE/MAX Results becoming RE/MAX Select and Hayley Van de Ven handing over to Nikita and Dan Kinnane.
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