1. From July 1st, 218, buyers of new houses and new homesteads need to pay the Goods and Services Tax (GST) of the house payment directly to the Australian Taxation Bureau (ATO). However, as a property buyer, the total purchase price of the property remains unchanged, so it does not have much impact.
2. From July 1st last year, the Australian government allowed the elderly aged 65 and above in Australia to take out 3, yuan from the money they sold their houses as their pension. In order to qualify, the elderly must live there for at least 1 years and take it as their main residence.
3. From July 1st, the proportion of extra stamp duty paid by overseas buyers in Queensland increased from 3% to 7%. This tax applies to foreign individuals, companies and trust funds.
Secondly, the subsidy for first-time home buyers in Queensland to buy new houses was reduced from 2, Australian dollars to 15, Australian dollars in August. Previously, apart from the Northern Territory in Australia, Queensland's first home purchase subsidy was the highest in the country.
4. The real estate transaction in NSW was replaced by paper transaction and manual transaction by eConveyancing. All independent transfers and explanations must be submitted electronically from now on, the Real Estate Commission said.
5. The preferential stamp duty measures for new houses in South Australia ended on June 3, 218. According to the policy of the South Australian government, from 212 to 214, a 1% stamp duty reduction policy was given to new houses with a value of less than 5, Australian dollars. Since 214, the policy has become a partial relief. However, from July 1st, there will be no stamp duty reduction.
6. As one of the most popular states for overseas immigrants and investors, the Victorian government has not launched any new real estate policies for the time being this year. However, Melbourne, as the city with the largest and fastest population growth in Australia, has reached 4.9 million by June 217, up by 125,4 (2.7%) year-on-year, and is expected to soon surpass Sydney and become the largest city in Australia.
According to the Australian Urban Development Agency (UDIA), by 22, Victoria will face a shortage of more than 5, new houses. If the housing supply in Victoria can't keep up with the population growth and the housing price keeps rising, the Victorian government may continue to introduce new housing purchase policies to stabilize the real estate market, so buy and cherish it.