Michael Ferella, Director of Momenta Advisors, provides an overview of the loss of Capital Gains Tax Main Residence Exemption for Foreign Residents. What are the changes? There are special capital gains tax (CGT) rules you need to know if you’re a foreign resident for tax purposes. The government had previously announced a measure to remove […]
Read MoreWhy is there so little property for sale in Winter? At this time of year, we are used to scarce listings and it’s common for real estate agents to take some time off and take some downtime. This year is no different, with stock levels typically low. Some agents are saying that listings are down even […]
Read MoreA while ago an article appeared in the Australian Financial Review* called “Home Buyers Agents: What You Need To Know” and it made a lot of good points. Fundamentally, the article is questioning: are buyers agents worth the money? I felt there was more that needed to be said to help readers make informed decisions. The article […]
Read MoreIt appears that the market is coming to a halt with agents reporting new listings are dwindling due to vendors who don’t need to sell staying put. That could mean there will be a Mexican standoff or maybe things will swing momentarily in the favour of financed buyers. Beware though, for there are 7 mistakes […]
Read MorePeople in the process of buying or selling property at the moment are understandably worried about what affect the Coronavirus pandemic will have on property prices in Sydney and across the country, particularly in light of the impact it is expected to have on the economy as a whole. Of course, these circumstances are unprecedented, […]
Read MoreHere is a little story about buyers from Brisbane and buyers from Melbourne trying to secure property in Sydney’s heady real estate market. When you are moving to a new city and buying a house you need to know what you should be looking for. Just before Christmas last year we had a client come […]
Read MoreProperty buyers often ask: is it worth using a buyers agent? Since there is no parallel universe, it’s impossible to calculate with exact certainty how much our clients would have paid if they had not engaged us. The best answer, we believe, lies in real life examples. Some of these properties our clients DIDN’T go […]
Read MoreRecently I read that the City of Sydney expects around 80% of its residents to be apartment dwellers by 2030. This is going to take a fair amount of attitudinal shift away from the perceived value of a house over an apartment. Some big issues are already impacting overall perceptions of the virtues of family […]
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