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<p class="textbold" style="color : #006666"; font-size : 8px;">Whether you're selling, buying or investing in property at Laing+Simmons we're passionate about research and providing you with the latest market intelligence to confidently meet the challenges of today's real estate market.</p>
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<p>The Laing + Simmons Advantage is one of personalised service, a deep knowledge of local markets and the ability to negotiate the best possible outcomes for you. We have offices in all capital cities — Melbourne, Sydney, Canberra, Brisbane, Adelaide, Perth, Hobart and Darwin — to offer you the best of our local real estate knowledge. Whether you are looking to invest in a commercial property or a residential property; buy a house, apartment or land; or need property management, we have the experience to meet your needs.</p>
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<p><span class="textbold">Housing Market Analysis from Tony Anderson</span><br>
The New South Wales Government's recent overhaul of property taxation is set to change the residential property market for investors and first homebuyers in the second half of 2004.</p>
<p>Stamp duty exemption for first homebuyers for homes priced up to $500,000 came into effect on April 3rd. The change is likely to boost the first homebuyers’ market, however it is unlikely to have the same impact as the first homeowners grant because it does not have a limited lifespan.</p>
<p>The state government will also introduce a 2.25 percent vendor transfer duty fee from June 1st. The fee will apply to vendors selling second or investment properties, with the exemption of principal place of residence and farms, and the first sale by builders or developers.</p>
<p>In the short term, we have already started to see investors offloading their properties before the cut off date. This is likely to be followed by a decline in turnover of property after June, and a moderate decrease in returns on investment property.</p>
<p>New rates will also apply to land tax, with land value of less than $400,000 being charged a rate of 0.4 percent and land valued at above $500,000 being charged 1.4 percent. The marginal rate between $400,001 and $500,000 will be 0.6 percent per annum. Premium property tax will also be abolished from the 2005 tax year.</p>
<p>Despite the changes, the New South Wales property market remains a highly attractive vehicle for investment and an increasingly attractive market for first homebuyers.</p>
<p>Meanwhile, market research conducted by Laing+Simmons has found that 76 percent of people feel either very or quite confident about the Sydney market, with 29 percent seriously considering selling.</p>
<p>According to the research females are the prime motivator when deciding to move and are more likely to actually look for property and make the final decision to purchase property than men.</p>
<p>And when looking to buy a new home, the most important consideration is the district/area in which the home was located, followed by the price range and the style of home being offered.</p>
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With access to a huge range of mortgage providers the team from Laing + Simmons Home Loans can provide you with a loan that suits your needs fast.</p>
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