Chamberlain Property Advocates
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The Real Estate Institute of Victoria (REIV) has made a submission to the 2024-25 Victorian State Budget urging a comprehensive review of the state's property tax laws. The REIV hopes that reconfiguring the property tax regime will attract investors back to the Victorian property market. The submission outlines three key recommendations:1. That the Victorian Government consider new tax incentives …
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It's a fact: home buyers and investors in today's property market need help. There's a lot to get your head around when buying property in Victoria. This year already we've seen changes to planning development laws and property tax laws, and a continuing housing shortage which contributes to increased property prices and causes buyers to rethink their property goals. Keeping tabs on …
Are house prices going to keep rising? What about interest rates, will they fall this year? Should I buy now, or wait? If these are the questions keeping you up at night , don't worry - everyone else is wondering the same thing. The thing is, house and unit prices reached record levels across Australia last year so buyers like you may well be thinking it's best to wait until they drop. But …
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Remember when you bought your first car? Did it turn out to be a good buy or a costly lemon? Your answer is most likely because you did your research on reliability, fuel consumption, past maintenance and mileage... or you simply bought it because it looked cool and was a great colour! When you buy a home or invest in property, a "lemon" can be a very costly mistake - and something we would …
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Moving on from the fun-in-the-sun month of January and settling into February's work and school routine can be difficult. If you had a relaxing January holiday you might have spent it in short term accommodation at the beach - lapping up the sun, surf and sand with a good book and a cool drink in hand. And if the start of 2024 has you thinking about your property goals, you might be pondering …
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Concern regarding the consultation process surrounds the Allan government's proposal to rezone suburbs on the eastern Suburban Railway Loop in order to facilitate the development of high density housing. Proposals to develop multi-storey accommodation precincts in established eastern suburbs with railway stations have critics worried, with suggestions that new planning development laws mean …
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In an attempt to make the property sale process more transparent for buyers, amendments to the Victorian Government's Sale of Land Act 1962 came into effect on the 1st January, 2024. The changes affect the way vendors and purchasers currently share the cost of land tax and windfall gains tax. Presently, the contract of sale can apportion the vendor's land tax or windfall gains tax costs …
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Following consultation between the Victorian Government, businesses and industry representatives during 2023, from the 1st July 2024 a new Commercial and Industrial Property Tax will replace stamp duty on commercial and industrial properties in Victoria. It is expected that key elements of the reform will bring the following benefits: The Commercial and Industrial Property Tax …
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When selling Melbourne homes in January you can expect scorching heat during your open inspections. But the following tips will help your home to look and feel cool, fresh and enticing to prospective buyers: Chat to us about how a property advocate can help you sell or buy in the current market with confidence. Investment buyers can receive invaluable support and guidance through our …
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What a year 2023 has been in property! Nationally and in Victoria we've seen property prices and interest rates escalate, a shortage of properties for sale, a lack of affordable rentals, and changes to legislation. Of particular note are the changes to land tax laws that are coming into effect from 1 January 2024. We'll see additional clauses in contracts apportioning and adjusting land taxes …
