NT deals already falling over on "whiff" of land tax: REINT
The REINT says introducing a land tax would drive investors away from the Northern Territory and accelerate the decline in population, at a time when the economy is already in a precarious situation.
Federal Budget initiatives go some way towards helping first-homebuyers, but a coordinated approach is key to making a real impact, says CoreLogic CEO Lisa Claes.
NSW expected to increase charges for foreign investors, help first-home buyers
With recent data showing that one in every 10 buyers in NSW is from overseas, the state government is expected to double the foreign investor surcharge, raising funds to help first-home buyers.
Foreign buyers account for 11% of all NSW home sales
Between July and September 2016, foreign nationals accounted for 11 per cent of all NSW residential property sales, compared with first-home buyers who accounted for only 7.51 per cent.
