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Property investment has been a part of Australian culture since the earliest days of British settlement. But for a growing number of Australians, the traditional pathways to property investment are getting harder and harder to traverse.
Housing affordability was a central theme for the real estate and construction sector in this year’s budget. What was obvious from the budget announcements is how few levers the Commonwealth Government has available to address housing affordability.
Technology is having a major impact on the real estate and construction industry in various ways.
Recent court decisions relating to the GST have resulted in some key learnings for the property industry.
How sellers create an impact and entice potential buyers in the way they initially go to market is a critical component in the process of moving real estate assets.
Welcome to our last industry newsletter for 2016. In this edition we look at the recent tribunal decision affecting retirement villages, the transfer duty and land tax reforms affecting foreign property investors and the impact that technology is having on the industry. We also sit down with Mr Peng Hong Wong, developer of Melbourne’s fastest selling new development, Woodlea.
A conversation with Mr Peng Hong Wong, Executive Director of Victorian Investments & Properties Pty Ltd (VIP), developer of Melbourne’s fastest selling new development: Woodlea.
Those looking to apply an outputs-based method to recover input tax credits will have kept a keen eye on the outcome of RSPG v Commissioner of Taxation [2016] AATA 687 concerning the recovery of input tax credits from the construction of a retirement village.
It’s becoming a familiar tale: business disrupts the normal and expected; business reaps rewards.
When purchasing real property after 1 July 2016, it is presumed that the vendor is a non-resident and the purchaser will be obliged to withhold 10% of the proceeds, register for withholding tax (WHT) and pay it to the Australian Taxation Office (ATO) unless a clearance certificate has been obtained prior to settlement.
From 1 July 2016 it is presumed that the vendor of real property is a non-resident and the purchaser will be obliged to withhold 10% of the proceeds, register for withholding tax (WHT) and pay it to the Australian Taxation Office (ATO)unless a Clearance Certificate has been obtained prior to settlement.
A GST ruling decision highlights the responsibilities of property management businesses and agents in accounting for GST liabilities and/or claiming input tax credits on behalf of property owners.