News

LAND TAX BURDEN

5 Feb 2019
The new year brings The Australian Open, Australia Day and LAND TAX ASSESSMENTS. The last two years have been very savage on commercial and retail property owners, with huge increases. The reason has been a boom in off-plan unit sales and therefo...

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​CPI - UPDATE FOR PROPERTY OWNERS

26 Jul 2018
The headline inflation rate for the June Quarter was 0.4% and 2.1% for the 12 months. This rate is often of little interest to investors, as most leases use the 'Sydney All Groups' figure. Very unusually, this figure is the same as the hea...

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LAND TAX TIME

18 Jan 2018
Land Tax assessments are due to arrive shortly. Tax is levied on land values over a threshold. The threshold for 2018 is $629,000. If you feel the new valuations are not correct, you can object within 60 days. Importantly though, you must have exa...

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UP UP AND AWAY!

9 Aug 2017
In around 1970 John Hill & Co sold a pair of semis in Emmett Street, Crows Nest for $30,000. One of them is coming up for auction with a price guide of $2,100,000! Some quick maths shows a compound capital growth in excess of 10%. You don&rsqu...

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​NO MORE COUNCIL MERGERS

1 Aug 2017
The decision to halt Council amalgamations in Sydney is an opportunity foregone to see cost savings and a more sensible attitude to redevelopment. Most people could not care less about their council, unless something affects their property. This i...

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