Murdoch Property Report Summary February 2020 Murdoch has approximately 1,099 properties of which 780 are houses. Currently 10 are on the market for sale and 7 on the market for rent. House Median Price Buy $682,000 Rent $435 per week Median price is based on houses sold and rented over the previous 12 months…
Winthrop Property Report Summary February 2020 Winthrop has approximately 2,246 properties of which 98.90% are houses. Currently 27 are on the market for sale and 5 on the market for rent. House Median Price Buy $843,750 Rent $550 per week Median price is based on houses sold and rented over the previous 12 months…
ADDITIONAL DUTY FOR FOREIGN PERSONS The proposed amendments impose an additional duty of 7% on direct acquisitions (foreign transfer duty) and indirect acquisitions (foreign landholder duty) of residential property by foreign persons. A foreign person is: A foreign individual who is not an Australian citizen, permanent resident, or special category visa holder. A foreign corporation:…
Fortune Business Brokers Renewed warning after another loss from WA property sale scam As advised by Dept of Consumer Protection RE Industry Bulletin 162 24/11/2017 Another loss from a cyber-attack that intercepted a property sale transaction has triggered Consumer Protection to issue a renewed warning to buyers, sellers, tenants and agents in WA to be…
Australian residents selling real property will need to obtain a “Capital Gains Clearance Certificate” prior to settlement to avoid incurring the 12.5% non-final withholding tax that is applicable to foreign residents. The Australian Taxation Office (ATO) requires 12.5% of the sale price to be withheld by the purchaser unless the vendor produces the clearance certificate…
Be on high alert – Scammers target WA property industry During the last week, Consumer Protection has received reports of scams involving the property industry. Unfortunately, some of those scams were successful, with one scam alone netting $557,000. No organisation or person is totally safe from scammers with agents, buyers and tenants all having been…
HOW CAN A PRIVATE MORTGAGE MARKET EXIST? WHY DON’T BANKS COMPETE? “A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain” — Robert Frost When we first introduce people to private mortgage investments, a common question is “Why do people borrow…
Stamp Duty – Estimated Stamp duty on a $500,000 business in: NSW $17,990 Victoria No specific duty on business sales in Victoria Western Australia $17,765 ACT $20,500 Queensland $15,975 Northern Territory $26,750 South Australia $21,330 Tasmania $17,550 Note that rates are subject to change. Settlement Costs – Solicitors fees generally work on a sliding scale…
Benchmarks are key financial ratios developed from information provided by businesses on activity statements and tax returns that can help you compare your business performance against similar businesses in an industry group. Fortune Business Brokers offer you the opportunity to benchmark your business against similar businesses across Australia. Benchmarking can help you identify areas of…
BUSINESS FINANCE – Residential Security Loan Amount $150,000 to $500,000 From 4.80% Loan amounts over $500,000 From 3.78% – 4.85% Fixed Rates from 4.29% PRIVATE FUNDING – Business and Commercial When the Banks say “No” Private funding can offer a real alternative to short or long term financing. Fixed interest. Fixed Term. Fixed Payments. More Information …