The NSW Treasurer’s recent announcement regarding stamp duty has created confusion for buyers. According to the Real Estate Institute of NSW, they received further clarity around the Stamp Duty plans from the minister’s office on May 7. The message from the minister’s office reads as follows:
“At this time, it is a proposal only and will need to be subject to extensive public and industry consultation before it would be progressed to a point of announcing a firm proposal or start date.
In short, it is not something that will occur in the near term or something that people who are currently potentially purchasers or vendors should factor into their decision-making.”
We hope this provides some clarity and in the meantime please feel free to get in touch for any further information.
Summer changes how buyers look at a home. The evenings run long, the doors stay open and people start picturing weekends by the pool or on the deck. If you plan to sell between December and February, your home needs to feel good in the heat. Start preparing now. Here’s what we tell sellers across … […]
Ray White Upper North Shore & Northern Beaches has been named the No.1 Business across the entire Ray White International network. The result was announced at the Ray White New South Wales and ACT Annual Awards, held last night at the International Convention Centre in Sydney in front of more than 1,100 members and guests, … […]