Market Wrap - 19 November 2020

Market Wrap - 19 November 2020
  • Being able to discern between professional advice and a selling tactic designed to increase your motivation is the key to making the right decision. Read up on some advice that assists a vendor sell their property, circumstances depending on page 4 of the November Real Estate Report. 

 

  • 2GB’s Chris Smith & Harris Partners’ Peter O’Malley recently caught up to dissect the Sydney property market. You can listen here

 

  • This week, the NSW government handed down a budget with proposed reform to the current transfer duty and land tax system.  Following the broad consensus of academics, economists and think tanks, NSW Treasurer Dominic Perrottet announced consultation will be sought on a proposed model for changes to stamp duty, and replacement with the option for an annual property taxRead more

 

  • Buying a property is a huge milestone. We pour ourselves a big glass of fizz. We take photos of ourselves grinning in front of larger-than-life sold stickers. We buzz with excitement. However, after the initial euphoria starts to wear off, we begin brainstorming ways to make our new house a home. These changes can be as small as adding a welcome mat at the front door to undertaking a larger scale, structural renovation. Read more here

 

  • Housing demand is strong: Matt Comyn - The CBA chief executive says there are strong reasons to be optimistic about Australia's recovery in the post-pandemic environment set by the budget. Read the full article