Tuesday, September 11, 2012

Newman State Budget

  • An increase in stamp duty: Increase in the transfer duty threshold from $980,000 to $1 million; rate to increase to a whopping 5.75 per cent.
  • FHOCG:  For first home owner buyers who buy a new or off-the-plan apartment or house in limited circumstances.  Terry Ryder thinks it is a bad idea.  Will it just add $15,000 to the price of  new properties?  It is just another payback to developers who supported Newman, including the apartment developer who is Newman's father-in-law.  Why is the government trying to encourage young people to buy overpriced new apartments?

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