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NSW removes foreign owner property taxes for certain countries

31/05/2023

Welcome news for foreign property investors in NSW as Revenue NSW removes foreign owner surcharge land tax and surcharge purchaser duty effective immediately, with refunds backdated to 1 January 2021. UPDATE – 29/05/23 On 29 May, Revenue NSW released an update on the foreign owner surcharge, following their announcement on 21 February. Revenue NSW identified […]

Build-to-Rent Tax Incentives to accelerate Australia's housing supply and promote sustainable real estate development 

22/05/2023

Australia’s rental crisis is set to be tackled head-on by the Albanese government, which has proposed incentives to boost housing supply through build-to-rent (BTR) developments in the recent Federal Budget.   According to the budget papers, for eligible new BTR projects where construction commences after 9 May 2023, the government will :  increase the depreciation rate […]

Federal Budget overview 2023/24 - May

09/05/2023

Last night, the Federal Budget for FY23/24 was handed down by Treasurer Jim Chalmers. The Federal Government delivered a cost of living plan, promising it will not increase inflation. The budget included key measures for energy & resources, SMEs and healthcare with hospitality, tourism and property missing out. Did you miss out on our Federal […]

Developing out of a recession | Property development seminar

30/03/2023

With multiple economic factors currently affecting the property industry, we are delighted to bring you this property development seminar with experts who have lived through boom & bust periods, and have genuine advice and insights into the industry’s current challenges and opportunities. The interactive face to face event was hosted by SW property expert, Sejla Kadric, […]

Land transfer duty – Acquisition of economic entitlements in relation to land (service fees)

12/09/2022

The State Revenue Office of Victoria (SRO) recently released a draft Ruling on the operation of the economic entitlement provisions contained in the Duties Act 2000 (Duties Act). Our experts look at whether the guidance provides clarity for the property industry and investors. On 30 August 2022 the State Revenue Office of Victoria (SRO) released […]

Property webinar series - SW & Re-leased

12/07/2022

SW and property management tech company, Re-leased present a national property webinar series across a range of topics for property management professionals. The series engages highly experienced speakers to bring you the latest trends, opportunities and thinking from across the sector. Each session runs up to 1-1.5hrs, includes panel discussion and audience Q&A. Upcoming event […]

Sejla Kadric, Partner

30/06/2022

Sejla has 17 years’ experience in providing accounting, tax and business advisory services, and has a passion for the property sector. Sejla Kadric supports local and foreign owned businesses across a range of sectors, with particular focus on assisting property developers with all of their key requirements. She brings a commercial pragmatism to all her […]

NSW property tax reform

22/06/2022

The NSW Government has announced first home buyers will be able to choose to pay an annual property tax instead of stamp duty. This significant proposed property tax reform aims to reduce the upfront cost for purchasing a home. First home buyers purchasing properties up to $1.5m as their principal residence will now be able […]

VIC State Budget 2022/23

04/05/2022

The Victorian Government has delivered the 2022/23 Budget with a clear emphasis on health, education and infrastructure projects in Victoria and no major surprises or material new taxes for Victorian businesses. Key takeaways Although there are no key tax measures introduced, direct property taxes will continue to be the source of over 50% of new […]

VIC State Budget 2022/23 - Property & infrastructure

04/05/2022

The Victorian Government has continued its emphasis on infrastructure investment in this Budget with a focus on schools, health facilities and social and affordable housing. Significant measures New infrastructure spending: $1.6bn for construction and development of new schools and school upgrades $1.6bn for construction and development of new hospitals, health facilities and related upgrades $2.6bn […]