Sell with Confidence
Read More
News

Sydney Property Market Helps Investors, NSW

By Louise Morrin

While budgetary news coming out of New South Wales is mixed, it has spotlighted the major gains made by the property market in the region.

For instance, while the NSW 2013-14 Budget half-yearly review showed that the state will have a deficit higher than originally forecast for the fiscal year, it retains a high credit rating.

“We are now one of only two states to retain the AAA credit rating,” said Treasurer Mike Baird in a December 12 statement.

“We will continue to monitor the challenging fiscal circumstances and take the necessary actions to bolster frontline services and deliver key infrastructure without incurring further borrowing costs."

According to the Property Council of Australia, increases in stamp duty receipts show residential and commercial real estate sales are on the up, something that continues to help buoy the state.

This is good news for investors who own property in St. George and surrounding areas, as much of this activity is taking place in the Sydney region.

In fact, the Office of State Revenue announced as recently as November that stamp duty for residential property sales had reached their highest levels since records began being kept.

Up to Date

Latest News

  • How My Bid to Save a Buck Cost Me a Property Sale

    Whether you’re buying or selling, the experts always warn that you should try and avoid becoming emotional about property. “When you’re emotional you don’t think as clearly,” they caution, “and you risk making costly mistakes.” On paper, this is a concept we can all agree with. But in practice, there … Read more

    Read Full Post