Is there hope for Australian real estate?
With quite a few business groups on ZaaBiz focusing on investments in real estate sectors, it is highly interesting to see how these fare in the current global financial crisis.
The private property markets received boosts with the first home owner grants, extensions of the like and we have really seen these mainly younger buyers storm the market. The latest tax changes in NSW now incentivise second home buyers (or better all buyers that are not first home buyers) to save half of their stamp duty (if the value of the new home is less than $600,000).
Modern office building in Canberra
Together with current new developments at a record low, the industry this morning announced that the worst phase is over - a pretty bold statement these days. Join our real estate business groups on ZaaBiz and have your say.
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