Monday, November 30, 2020
Saturday, November 28, 2020
Changers to the HomeBuilder scheme this Sunday 29th Nov 2020
🔥 Great news for a Sunday morning, looking forward to helping many families build their dream homes 🏡
Changes to the HomeBuilder program include:
📍 A $15,000 grant for building contracts (new builds and substantial renovations) signed between 1 January 2021 and 31 March 2021, inclusive.
📍 An extended deadline for all applications to be submitted, including those applying for the $25,000 grant and the new $15,000 grant. Applications can now be submitted up until 14 April 2021 (inclusive). This will apply to all eligible contracts signed on or after 4 June 2020.
📍 An extension to the construction commencement timeframe from three months to six months for all HomeBuilder applicants. This will apply to all eligible contracts signed on or after 1 January 2021, but will also be backdated and apply to all contracts entered into on or after 4 June 2020.
Source: Treasury website
COME, BUILD WITH US!
https://www.google.com.au/amp/s/amp.abc.net.au/article/12931684
https://www.google.com.au/amp/s/amp.abc.net.au/article/12931684
Wednesday, November 25, 2020
Wednesday, November 18, 2020
The Real Estate Institute of Australia (REIA) has fronted a Senate Economics Committee to give evidence on the Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2020.
At a glance:
Applications for foreign investment in the residential property market have dropped from 40,000 in 2015 – 2016 to 7500 in 2018 – 2019
The proposed fee for residential is twice that for agricultural and fifty times that for commercial land and business
For Notifiable Security Actions
An asset in non-residential categories valued at $210 million has a proposed fee of $52,800
Whereas for a residential property an asset valued at $5 million has the same fee of $52,800
The Productivity Commission in their 2020 Research Paper on Foreign Investment said that the current fees were disproportionate to the cost of delivering the regulatory regime. For example, 2017 - 2018 $144 million in fees were collected yet operational costs were only $14.7million
Over the past 25 years our foreign investment requirements have been between 4 – 5 % of GDP
thehomepage.com.au
thehomepage.com.au
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The Real Estate Institute of Australia (REIA) has fronted a Senate Economics Committee to give evidence on the Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2020.
REIA President Adrian Kelly has said that fees should be structured to reflect the cost of undertaking the assessment and administration by the Australian Government, instead of imposing unnecessary impediments on foreign investors in the residential property market.
“Foreign investment in the residential property market is the lowest it has been since 2015 – 2016,” he told the Committee.
“We understand from our agents working in this area the cumulative impact of Commonwealth and State government fees has contributed to decreased demand from foreign investors.
“It has been our proposal to Treasury, and now this Committee, that fees should be equitable and simply reflect the cost of assessment and processing by FIRB.”
Mr Kelly said while CV-19 had attracted a welcome and wide-spread commitment from all levels of Australian governments to deregulate and be more business and investment-friendly, the REIA was concerned the fee-setting framework within the Bill did not meet these best practice policy aspirations.
“This is not just across the board but for each category of fees,” he said.
“That is, residential property applications should not be offsetting or subsidising the cost of administration other categories.
“The proposed fee structure within the ‘Fees’ Bill this Committee is tasked to inquire on ignores all of the above.
“In short, unnecessary impediments should be removed for foreign investors looking to invest in Australia’s residential property market.”
“We respect all national security considerations but fees should ultimately reflect the cost of undertaking the assessment and administration.”
Friday, November 13, 2020
Thursday, November 12, 2020
Wednesday, November 11, 2020
Tuesday, November 10, 2020
Thursday, November 5, 2020
Wednesday, November 4, 2020
Tuesday, November 3, 2020
Monday, November 2, 2020
Sunday, November 1, 2020
Set among the quiet leafy streets in a prestigious estate of North Lakes, away from congestion this well-presented home will keep you cool this summer.
* Air Conditioned tiled Open plan family/dining/kitchen area with dishwasher
* 3 bedrooms with built-ins and Ceiling fans
* Master bedroom With en-suite and 2 Built-ins
* Main bathroom with separate bath
* Remote single garage with access to backyard
* Covered pergola.
32 Musgrave Street, NORTH LAKES QLD 4509 » LJ Gilland Real Estate
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