New capital gains tax on residential properties

by Martin Cooper on May 27, 2015
New capital gains tax on residential property sold within two years of buying will help first home buyers, our in-house Mortgage Advisers have pre-approved finance for first home buyers a the highest level on record.However over the past 3 months, from the 280 Harcourts Cooper & Co sales surveyed, we have seen the investor buyers increase to make up 35% of our buyers, up from 21% when we surveyed in July 2014.First home buyers have dropped from 21% to 17% over the same period. New policies will provide more opportunity for first home buyers.

 

Buyer-Motivations-May-July-2014

 

Buyer-Motivations-Jan-March-2015
Back-to-blog-button

 

Martin CooperNew capital gains tax on residential properties