221 Sussex Street Pascoe Vale VIC 3044

221 Sussex Street, Pascoe Vale Vic 3044

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Properties for sale near 221 Sussex Street, Pascoe Vale Vic 3044

Greens Dig In Heels as Albanese Dares Them to Block Housing Help for 10,000 Australians

Prime Minister Anthony Albanese has thrown down the gauntlet to the Greens, daring them to vote against his government's Help-to-Buy scheme after refusing their demands for concessions on housing tax breaks.
Prime Minister Anthony Albanese has thrown down the gauntlet to the Greens, daring them to vote against his government's Help-to-Buy scheme after refusing their demands for concessions on housing tax breaks.

Six-Year Ordeal Ends: Morecrofts Reclaim $2.7 Million From Government in Landmark Land Title Case

The Queensland government has been dealt a hefty blow, ordered to pay $2.7 million to a Gold Coast couple who lost their dream home due to a fraudulent sale. The Brisbane Court of Appeal's unanimous decision marks a potential end to the Morecrofts' six-year ordeal, which began when their newly purchased house in Mermaid Beach turned out to be entangled in a family feud and ultimately deemed "fraudulently mortgaged by criminals."
The Queensland government has been dealt a hefty blow, ordered to pay $2.7 million to a Gold Coast couple who lost their dream home due to a fraudulent sale. The Brisbane Court of Appeal's unanimous decision marks a potential end to the Morecrofts' six-year ordeal, which began when their newly purchased house in Mermaid Beach turned out to be entangled in a family feud and ultimately deemed "fraudulently mortgaged by criminals."

Backyard Dreams Crumble: Quarter-Acre Block a Fantasy, Says Liverpool Mayor

The iconic Aussie dream of owning a spacious quarter-acre block might be fading faster than a summer sunset, with Liverpool Mayor Ned Mannoun declaring it "now a fantasy." His blunt statement comes amid skyrocketing building costs, with the Bureau of Statistics reporting a staggering $60,000 increase in just one year. "Land isn't the issue – we have plenty in Australia," Mr. Mannoun told Sky News Australia. "But development is getting choked by red tape."
The iconic Aussie dream of owning a spacious quarter-acre block might be fading faster than a summer sunset, with Liverpool Mayor Ned Mannoun declaring it "now a fantasy." His blunt statement comes amid skyrocketing building costs, with the Bureau of Statistics reporting a staggering $60,000 increase in just one year. "Land isn't the issue – we have plenty in Australia," Mr. Mannoun told Sky News Australia. "But development is getting choked by red tape."

Half Your Salary to the Taxman? Sydney Homebuyers Feeling the Stamp Duty Squeeze

Sydney's housing market is already one of the hottest in the world, but now homebuyers are facing a new hurdle: paying half their salary just in stamp duty! Key Takeaways: Sydney homebuyers now pay 5.4 times more stamp duty than their counterparts in the early 1980s. The median-priced Sydney home requires a whopping $45,000 in stamp duty, equivalent to six months of average post-tax income. Soaring housing prices and outdated stamp duty brackets are creating a "bracket creep" effect, pushing more properties into higher tax rates. This heavy burden discourages first-home buyers and hinders downsizing or job-related relocations, impacting market fluidity.
Sydney's housing market is already one of the hottest in the world, but now homebuyers are facing a new hurdle: paying half their salary just in stamp duty! Key Takeaways: Sydney homebuyers now pay 5.4 times more stamp duty than their counterparts in the early 1980s. The median-priced Sydney home requires a whopping $45,000 in stamp duty, equivalent to six months of average post-tax income. Soaring housing prices and outdated stamp duty brackets are creating a "bracket creep" effect, pushing more properties into higher tax rates. This heavy burden discourages first-home buyers and hinders downsizing or job-related relocations, impacting market fluidity.

Dragon Down Under Loses Fizz: Chinese Buying Slumps as Indian Investors Surge in Australian Property Market

The roar of the Chinese dragon in the Australian property market has softened to a purr, with new data revealing a $400 million drop in investment over the past three months. However, the void left by the cooling Chinese interest is being swiftly filled by a surge of Indian buyers, raising questions about the future landscape of foreign investment in Australian real estate. Only Australian citizens and permanent residents can purchase property, but international buyers can apply for permission through the Foreign Investment Review Board.
The roar of the Chinese dragon in the Australian property market has softened to a purr, with new data revealing a $400 million drop in investment over the past three months. However, the void left by the cooling Chinese interest is being swiftly filled by a surge of Indian buyers, raising questions about the future landscape of foreign investment in Australian real estate. Only Australian citizens and permanent residents can purchase property, but international buyers can apply for permission through the Foreign Investment Review Board.

Australia's Housing Crisis: Is Mass Construction the Answer?

Australia's housing woes continue to dominate headlines, with industry experts painting a grim picture of a nation grappling with a severe lack of available homes. In a recent interview with Sky News Australia, REA Group CEO Owen Wilson declared the undersupply of housing as the country's "number one issue," emphasizing the impact it has on the rental market.
Australia's housing woes continue to dominate headlines, with industry experts painting a grim picture of a nation grappling with a severe lack of available homes. In a recent interview with Sky News Australia, REA Group CEO Owen Wilson declared the undersupply of housing as the country's "number one issue," emphasizing the impact it has on the rental market.

Broken Promise or Policy Pivot? Albanese Faces Heat Over Potential Negative Gearing Reforms

Concerns simmer as whispers of changes to negative gearing swirl around the Prime Minister, raising fears of broken promises and potential harm to renters. With memories of the recent backtrack on stage three tax cuts still fresh, whispers of potential reforms to negative gearing have ignited concerns within the property industry and beyond.
Concerns simmer as whispers of changes to negative gearing swirl around the Prime Minister, raising fears of broken promises and potential harm to renters. With memories of the recent backtrack on stage three tax cuts still fresh, whispers of potential reforms to negative gearing have ignited concerns within the property industry and beyond.

Sydney on Brink of Grandchild-less Future: Report Warns of Exorbitant Housing Costs Driving Out Young Families

Brace yourselves for a future without the pitter-patter of tiny feet echoing through the bustling streets of Australia's largest city. A new report paints a concerning picture, suggesting Sydney could soon become a "city with no grandchildren" unless drastic changes are made to address the crippling housing crisis.
Brace yourselves for a future without the pitter-patter of tiny feet echoing through the bustling streets of Australia's largest city. A new report paints a concerning picture, suggesting Sydney could soon become a "city with no grandchildren" unless drastic changes are made to address the crippling housing crisis.

Aussies Facing "Generations-Worst" Housing Crunch: Government Scheme Labeled "Band-Aid on a Gushing Wound

Australians are grappling with the most severe housing crisis in "generations", according to Greens MP Max Chandler-Mather, with skyrocketing prices and rents leaving many feeling squeezed and hopeless.
Australians are grappling with the most severe housing crisis in "generations", according to Greens MP Max Chandler-Mather, with skyrocketing prices and rents leaving many feeling squeezed and hopeless.

Homeownership Held Hostage": Stamp Duty Slammed as "Massive Burden" on Australians

The affordability crisis in Australia faces another harsh critic, with leading economist Anne Flaherty calling stamp duty an "incredibly inefficient tax" that acts as a "massive burden" on homeowners.
The affordability crisis in Australia faces another harsh critic, with leading economist Anne Flaherty calling stamp duty an "incredibly inefficient tax" that acts as a "massive burden" on homeowners.