NSW Budget was announced by the NSW Treasurer, Gladys Berejiklian on Tuesday, 21 June 2016. Treasurer Gladys Berejiklian said New South Wales has the strongest economy and the strongest budget position of any state. New South Wales is truly Australia’s number one destination to live, work and do business Past Achievements Created 141,800 jobs, almost two-thirds of the jobs added across […]
NSW Treasurer Gladys Berejiklian announced a 4% stamp duty surcharge on residential property bought by foreign investors being effective from 21 Jun 2016, and a 0.75% land tax increase on residential real estate for foreign owners starting from 1st Jan 2017. Gladys Berejiklian said, “These new measures will ensure NSW’s property market continues to be an […]
Reserve Bank of Australia cut interest rate by 25 basis point to a record-breaking low of 1.75% on 3rd May 2016. The new cash rate brings enormous opportunities to investors and home buyers in the housing market. Australian economy has recently suffered from lower-than expected inflation, weak quarterly CPI outcome and slow employment growth. To […]