Foreign buyers accounted for 10.4% of new property purchases in the June quarter, the third consecutive monthly fall according to NAB's Residential Property Survey.
Queensland’s First Home Owners’ Grant and the various transfer duty concessions are two great ways that first home buyers can get their foot in the door and purchase their first home.
NSW budget does little to improve housing affordability
The NSW government abolished three business taxes in yesterday's budget, including the duty on business mortgages, but did little to improve housing affordability.
Year after year, budget after budget, the NSW government has the opportunity to support first homebuyers and those looking to purchase property and it continues to deny them a fair go.
Leading tax firm BDO says the new 3% stamp duty announced in the Queensland budget will be a significant disincentive to foreign real estate investors.
