A top Housing Policy Report has reproached Stamp Duty and present taxation standards followed by the government, informs an article on the online magazine Your Investment Property. The Report contests that Land Tax and Council Rates are necessary evils and also fair to a certain extent but Stamp Duty is well above acceptable standards and not allowing common public to gentrify.
The Housing Report further asserts that all the rules of taxation are heavily inclined towards property investment at the moment and is further widening the gulf between rich investors and cash-strapped first home buyers.
While the government merrily provides $40 billion in tax concessions to next-home buyers, owner-occupiers and investors, it continues to make life difficult for first home buyers.
You can read the original article here.
Cameron McEvoy for the Property Observer talks about 
Algorithms can set world’s top search engine in motion but they fail to assess a property’s worth effectively. This is the reason why online property valuations have ignited a fair bit of controversy all across Australia. An article on Your Investment Property sheds light on the issue.
Property is not a liquid asset and it may not pay to treat it as one. Peter Sarmas for the Street News states that low interest rates may have made quick-buck seekers more interested in the property market but the traditional technique of investing long-term may still be the brighter strategy for real estate.
Location is on the top of the minds of Australian property buyers. This is followed by availability of amenities. To put it differently, the condition of a property hardly holds centre-stage in the criteria a buyer sets for himself today. Brendan Wong for The Adviser asserts that “property condition” has lost its traditional dominance.
