Month: July 2020

Crown Group Reboots $460m West End Project

Sydney-based developer Crown Group is moving ahead with plans for its controversial $460 million residential development in Brisbane’s West End. Crown Group originally submitted its application for a FJMT-designed scheme in January 2018, soon after picking up the 1.25-hectare site—the former home of Computershare—at 117 Victoria Street for $35 million. Crown Group placed the project on hold in …

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The Impact of Stamp Duty Discounts on the NSW Housing Market

On 27 July, the New South Wales government announced eligible first home buyers could access stamp duty exemptions on new home purchases worth up to $800,000. New home builds will also see stamp duty discounts available for purchases between $800,000 and $1 million, where the discount reduces with a higher purchasing price. The policy is …

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Can regional housing markets benefit from COVID-19?

An emerging narrative around regional dwelling markets is that they may see increased demand as a result of COVID-19.  This is thought to be driven by the way the pandemic has forcibly introduced remote work for knowledge-based or clerical workers. As employers and employees adapt to remote working conditions, physical proximity to a workplace may become …

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First-home buyer enquiry surges as buyers navigate the COVID-19 market

Australia’s real estate industry has been put to the test in 2020, and while the coronavirus pandemic has forced the sector to slow down, first-home buyers are doing the opposite.    Play Video COVID-19: The surge in first home buyer activity 02:25  Since the beginning of the year, we have seen a surge in first-home buyer …

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10,000 more chances for buyers to get into first home sooner

Sophie Foster 1 Jul 2020 Thousands more first-home buyers will be able to take out loans with as little as 5 per cent deposit – without incurring lenders’ mortgage insurance. The second round of the Federal Government’s first homebuyer deposit scheme reopens July 1, giving 10,000 more people a chance to get into their own …

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