Waterloo in NSW, inner-city Melbourne, and Fortitude Valley in Queensland are higher risk areas to buy off-the-plan apartments, according to new research from Risk Wise Property.
The proposed removal of OTP concessions for investors will represent the loss of a competitive advantage for Melbourne in a market that is increasingly facing national and global competition.
Vic removal of stamp duty exemption for OTP buyers 'final nail in coffin'
The Victorian government's decision to scrap the stamp duty exemption for buyers purchasing off-the-plan could mean lower supply of new dwellings, sending prices and rents higher, says Sam Tarascio of Salta Properties.
ATO ruling could be opportunity for first-home buyers
The Australian Tax Office has ruled that off-the plan apartments that fail to settle will be deemed second hand, and therefore will not be available for sale to foreign buyers.
