The August 2021 figures have confirmed that we are in the midst of an unexpected real estate boom, with national house prices up 18.4% year on year according to CoreLogic’s results – the fastest annual price growth since 1989. In the eighteen months since COVID-19 first presented in Australia, it’s fair to say that the initial chorus of gloomy predictions for real estate and construction didn’t come to pass, and thankfully have proven to be well off the mark.
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Earlier this week, it was announced that businesses can now register their details to receive updates about procurement opportunities for the Brisbane Olympics & Paralympics in 2032.
There has been an ongoing debate amongst those of us who practice in stamp duty as to how duty should appropriately apply to tenant’s fixtures, particularly in the context of renewable energy projects.
There’s nothing in the Modern Manufacturing Initiative for the real estate and construction sector, right? Well there is, and it could take the sector into new regions and new kinds of work.
New South Wales has just undergone a public consultation regarding a swap from stamp duty to land tax over a decades long transition period.
The Queensland Parliament has passed legislation expanding the application of mandatory Project Bank Accounts (PBA’s) and renaming them to Project Trust Accounts (PTA’s).
The last few years have by and large been spent tightening the taxation screws on property investors in an attempt to deal with the housing affordability issue – but it has been a blanket approach.
The Hon. Rob Lucas, Treasurer of South Australia last week announced the extension and expansion of the State’s COVID-19 rent relief measures.
The Queensland Treasurer announced on Monday that he intends to “abolish” transfer duty for small businesses who wish to restructure for efficiency.
The future of work is being redefined right now. With more and more businesses embracing flexible working, this will have an impact on the commercial property sector.
On 22 October 2019, the NSW Government tabled the State Revenue Legislation Further Amendment Bill 2019 which proposes material changes to the Duties and Land Tax regimes in NSW.
The Federal Government’s mandatory Commercial Tenancies Code is now being rolled out by the states and territories.