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A remarkable 40.7 per cent of property sales in the Melbourne City Council area were made at a loss over the last three months of 2023.
SALES
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As many as two in five property investors in inner-city Melbourne are selling at a loss, and many are in the red by tens of thousands of dollars.
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National property sale settlements experienced an uplift towards the end of 2023.
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'Swifties' will be curious to know where their American pop idol will be staying Down Under as she prepares to take to the stage in February in Melbourne and Sy…
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Despite a perceived shortage of homes for sale, the Perth property market performed well in 2023, with 53,895 settled sales over houses, units and land.
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Aspiring home buyers are swarming into open homes weeks before the market reopens from the holiday breakz.
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Home owners who bought in the last few years and had to resell fast are increasingly likely to cop a loss on their deal.
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What did Nicole Kidman, Test cricketer Mitchell Starc and the Big Little Lies author have in common in 2023?
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Home ownership has plummeted to record lows – how did we get into this mess?
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The portion of loss-making short-term resales increased to 9.7%, from just 2.7% a year ago.
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Home owners in new housing estates on Perth’s sprawling urban fringe are packing up and selling their homes in as little as three years after moving in.
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Australia’s most tightly held suburbs have been revealed, with some homeowners holding onto their property for more than 20 years.
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Join Steve Douglas as he discusses:
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- International markets review & forecast;
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Join Steve Douglas, Executive Chair and Julie Kelley, Sales & Marketing Manager as they answer your burning questions during the 'Australian Residency and Tax Changes & Implications To Expats' webinar.
You can also book a FREE 20 minute tax consult by emailing smats@smat…
Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:
“The Government will replace the individual tax residency rules with a new framework that is easy to understand, provides certainty and reduces compl…
We trust this seminar gives you a clearer understanding of the Australian Budget Announcements including:
• How Covid19 has impacted the Australian Government’s federal finances
• Measures the Government intends to undertake to reinvigorate the Australian economy
• Latest taxatio…
Australian property prices look to be on a rocketing path, with first home buyers, low-interest rates and FOMO (fear of missing out) fueling the demand for the start of 2021.
However, with stimulus packages coming to an end, and international borders remaining closed, can this ex…
For anyone considering Australia as a future place of residence planning your taxation affairs is a critical element of the migration process.
The Australian taxation system is extremely complex and taxes residents worldwide income.
Thankfully, legal and sensible tax …
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