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.
Plenty of Upper North Shore homeowners plan to sell in autumn. The ones who move in summer often find the market working in their favour. This summer, we’ll help pay for your marketing too. There’s a long-held belief that real estate goes quiet over summer. Families head to the coast, the kids are home from … […]
Christmas morning looks different when you spend it in a hospital bed. This year, Ray White Upper North Shore has teamed up with North Shore Mums Smiles2U to make sure children spending Christmas in hospital still wake up to a gift with their name on it. We’d love our community to get behind it, and … […]