More About The Property Rules In Australia
There is hardly any doubt that from the investment perspective, buying land or real estate in Class A rents in the nation's central business districts jumped by a robust 16.4 percent, led higher by extraordinarily tight conditions in the nation's largest CBDs including Manhattan, Boston and San Francisco. You must have a clear understanding about the various income tax and property valuer rules with particular reference to capital gains, stamp duty and other such things which could impact the overall cost of the property and could also have a bearing on the returns that you will get from such investments.



Even more surprising is the performance of Class B rents, which posted a year-over-year gain of 13.5 percent, pushed by an incredible 21.5 percent gain for CBD properties. Some smaller downtowns such as Louisville also are benefiting from this trend. In the suburbs, Class B rents increased by a healthy 6.5 percent, evidence that new Class A construction is not cannibalizing tenants from older properties.

The nation's vacancy rate dropped by 70 basis points to 9.51 percent in the first quarter, the sharpest decline since the fourth quarter of 1996. Vacancy is at its lowest point since Grubb & Ellis began tracking this index in 1986 and most likely the lowest rate in a quarter of a century.

The Property Council today welcomed an announcement by the nation’s state and territory planning ministers that a national planning summit would be held toward the end of this year. Property Council CEO, Peter Verwer said “Australia is the most urbanised country in the world and deserves a national strategy that will improve its competitiveness”.