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Mr. Goh, Mr. Andrew and Mr. Nick from Maddocks Group Melbourne Australia, visited REHDA on 23 May 2016 and briefed the REHDA members regarding “Investment In Australia”. A total of 20 members attended the briefing. Amongst the changes have been taken place recently in Australia and relevant to developers including:

  • Changes to FIRB
  • Stamp duty surcharge for foreigners
  • Absentee land tax
  • Planning conditions
  • Lending conditions

REHDA members were also actively discussed some issues regarding investment in Australia, including:

  • Plot ratio
  • Local banks are cautious on foreign investment
  • Tax exemption on PR purchasers
  • Current market status – Victoria is still an affordable market
  • Impact of the upcoming election
  • Investment sentiment in Sydney and Melbourne

 

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