Australia 02 (Jan 11 - Dec 17)

Re: Australia 02 (Jan 11 - Dec 17)

Postby winston » Sun Aug 06, 2017 8:27 pm

Australia slams brake on property investors

The nation’s biggest banks have this year raised minimum deposits, tightened eligibility requirements and increased rates on interest only mortgages a form of financing favoured by people buying homes to rent out or hold as an investment.


Source: The Star

http://www.thestar.com.my/business/busi ... investors/
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Re: Australia 02 (Jan 11 - Dec 17)

Postby winston » Thu Aug 31, 2017 12:03 pm

In Sydney, foreign homebuyers have been hit by an 8% stamp duty since June, double the rate last year.

The New South Wales government also introduced a vacancy tax, which is A$5,000 ($5,412) a year for investors who leave their property vacant for more than six months.

In Melbourne, the Victoria government has more than doubled stamp duty surcharge for foreign buyers to 7% from July 1.

The stamp duty concession for off-the-plan properties has also been removed, which will further increase taxes by about 5%.

Source: The Edge Properties
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Re: Australia 02 (Jan 11 - Dec 17)

Postby winston » Sun Dec 17, 2017 7:39 am

CHINA’S FALLOUT WITH AUSTRALIA: THE TIP OF THE ICEBERG?

Power abhors a vacuum. And China is increasingly stepping into the gap in the world economic order

BY LINDA YUEH

“Belt and Road Initiative” - Beijing plans to invest US$1 trillion in the next five years will involve the building of infrastructure across some 65 countries.


Source: SCMP

http://www.scmp.com/week-asia/opinion/a ... ip-iceberg
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