Property experts are urging first home buyers weighing up Dominic Perrottet’s property tax scheme to pay close attention to land values as prices soar
scheme to pay close attention to land values of the homes they are considering, after NSW land values jumped more than 26 per cent in the past year.
Premier Dominic Perrottet says the government must embark on “daring” reform if it is to solve the housing affordability crisis.Property experts have told investors and commercial owners to brace for land tax liabilities to rise.
“All first home buyers should be concerned to look at the Valuer General’s website to ascertain the 2022 unimproved land value of the particular area where they want to buy property when making their choice,” Ms Seve said. UDIA analysis shows the NSW’s housing backlog has blown out to 48,000 homes at the start of the 2022 financial year, and is still growing. Total housing approvals have fallen 17 per cent over the past 12 months, Mr Mann said, putting the state on track for persistent affordability issues.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Great day for NSW': $100m pledged to fix one of NSW's most dangerous roadsPremier Dominic Perrottet says the federal government's $100 million pledge to upgrade one of NSW's most notoriously dangerous roads is a 'great day' for the state.
Read more »
‘Invest when the news is at its worst’: Commercial property in 2023OPINION: The big threat to the commercial property market is that the economy will slow to a degree that dampens the demand for space and cuts values. But dislocation also creates opportunities.
Read more »
ASX-listed agribusiness leases Central Arnhem property to grow cottonDuxton Farms signs a five-year lease on the 141,000-hectare Mountain Valley Station with plans to trial dryland cotton among other broadacre crops.
Read more »
Albanese mocks Dutton’s poll showing as he snubs PerrottetPrime Minister Anthony Albanese has challenged Dominic Perrottet to bring the federal Liberal leader Peter Dutton on the campaign trail after snubbing the NSW Premier at a joint press conference.
Read more »
Albanese shies away from gambling reform as NSW wages war on pokiesThe PM has refused to consider a nationwide shake-up to the gambling sector as NSW Premier Dominic Perrottet prepares to impose daily limits on pokie players.
Read more »
NSW Labor uses ‘misleading’ numbers on teacher vacancies within the workforceNew South Wales Education Minister Sarah Mitchell says Labor has put out “misleading” teacher workforce numbers in the state. “Some of the figures that have been put out by New South Wales Labor today are deliberately misleading,” Ms Mitchell told Sky News Australia. “What they fail to tell the people of New South Wales is that we actually have 10,000 more teachers in the system now than we had a decade ago. “They choose numbers at the end of the school year when vacancies are always high. “A vacant position doesn’t mean that a teacher isn’t in the role.”
Read more »