The foundation of a successful property portfolio is dependent upon accumulating quality investments. However, a question which comes to mind is "what constitutes a quality investment?".
The classification of a retail service in Victorian legislation has for several years sparked confusion and dispute. The Supreme Court has recently laid down a rather unexpected decision that affects many current and prospective owners and tenants of Victorian commercial property.
Foreign investment into Australian residential property has been a contentious issue of late especially if you live in Sydney and Melbourne with house prices in the 2 major capital cities going beyond the reach of many Australians.
On Tuesday night the Treasurer, Scott Morrison, handed down the 2017/18 Federal Budget. The Government noted the Budget is about ‘fairness’, boosting economic growth and helping households; which it hopes will lift consumer and business sentiment.
As of 1st July 2017, the Victorian Government will abolish stamp duty for First Home Buyers (FHB) in response to Melbourne’s affordability issue that has once again captured media attention.
When are the short-term vote-grabbing politicians going to learn? This is how markets are meant to work: property prices go up, they get very expensive, people are priced out and demand falls away.