Suburb Trends December 2020 | Abolishing stamp duty & market wrap up

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By Chris Bates and Veronica Morgan. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

2020 has been an insightful year, reshaping where people work, live and spend time. The question is what will 2021 bring? With the restructuring of stamp duty and opt in/opt out programs be a success? Moreover, will the government target this towards new properties like FHB grants or will it open the door, moving citizens away from new builds? In addition to the stamp duty conversation Kent and the team showcase capital cities performance during this year; which has the brightest outlook for the future?

Here’s what we covered:

  • How will the abolishment of stamp duty work?
  • Will flippers return to the market if they can opt out of stamp duty?
  • How can property buyers maximise their return when renovating?
  • How different states will calculate stamp duty and land tax differently?
  • What are small ways flippers can increase their profit margin?
  • How have the capital cities performed from one another?
  • Has Covid really affected the property market, or has it boomed?
  • Which small rural city has greatly benefitted from Covid?
  • Does the fall in listing matter if the price of property rises?

RELEVANT EPISODES:Episode 153 | Brendan Coates Suburb Trends November Episode 150 | Meighan Wells

GUEST LINKS:http://www.suburbtrends.comhttps://www.revenue.act.gov.au/tax-reform https://www.realestate.com.au/property/78-ragless-cct-kambah-act-2902

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au

Send in your questions to: questions@theelephantintheroom.com.au

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded on 9 December, 2020.

https://www.theelephantintheroom.com.au/podcasts/153

173 episodes