Office Prices to Peak in 2018 Australia’s strengthening economy, fueled by strong business conditions in the finance, business and property sectors, is expected to drive further demand for office space in Australia’s eastern seaboard states so as to support office-based employment growth. In Sydney’s office market, where supply has dwindled due to the unprecedented withdrawal […]
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Foreign Buyers and Residential Market
Posted date: January 18th 2018 . Author Gregory Preston .
In stark contrast to the large influx of foreign buyers entering Australia’s residential property market over the 2016-17 period, the start of 2018 began with new figures indicating demand from foreign buyers have dropped off over the past months as a result of various tax changes and credit restrictions from both Australian and overseas policy […]
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How the new legislation may affect your superannuation assets
Posted date: June 19th 2017 . Author AdminSydney .
Preston Rowe Paterson is undertaking valuations for clients to ready them for the changes to superannuation regulations. At issue is the aggregate value of assets held in superannuation funds relative to the introduction of the “transfer payment cap”. These changes in the Superannuation (Excess Balance Tax) Imposition Act 2016, which may lead to a need […]
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Changes to the Retail Leases Act 1994
Posted date: June 19th 2017 . Author AdminSydney .
Amendments to the Retail Leases Act 1994 (NSW) will take place, with the intent to increase transparency and certainty of deals made during the negotiation stage, introduce fair protections and increase operational efficiency. Landlords and tenants of retail properties will be affected by these changes, and while some of the following will have impacted both […]
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State-wide Stamp Duty Surcharge Shakeup
Posted date: June 2nd 2017 . Author AdminSydney .
The start of the cold season has brought through monumental changes to the housing market in New South Wales, as Premier Gladys Berejiklian announced a housing affordability package on June 1, to be implemented at the start of the 2017/18 financial year. The reforms will include the abolishing of stamp duty surcharges on first home […]
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