As far as I can determine the latest NSW State Budget for 2010 – 2011 includes 4 incentives for some buyers to buy property, mainly new ones.
1) “Off the plan buyers” up to $600,000 will no longer pay stamp duty. This is going to help developers obtain finance because banks want pre sales before firming [...]
By March this year the NSW State budget swung back into a surplus of $1.7bn (SMH 26th May). Apparently this is due in very large part to stamp duty raised from the surging property market, post the Global Financial Crisis.
This contrasts with a deficit expected for 2009-2010 of $1bn as recently as December, 2009. Settlements [...]
This is a big spending election Budget, with handouts to Labor voters paid for by smokers (a relief for drinkers this time around), miners and tax collected from a growing workforce and reduced unemployment.
The Federal Government spends or allocates to the States for spending, 1 in every 3 dollars spent in Australia, (almost equal to [...]
The above is a partial quote from the AUSTRALIAN of 16/11/09. I have been concerned about the US economy for some considerable time and have been writing blogs musing on the likely fall out. So far I have concentrated on the direct impact on Australia, i.e. AUD up, gold up, interest rates up, unemployment up [...]
I don’t think the RBA has taken enough consideration of the international implications of this rate rise.
We are a trillion US dollar economy compared with the US 14 trillion USD economy and the USD 60 trillion world economy. Our country is only a speck internationally, traditionally only 2% of turnover for global giants like Nestle, [...]
On Saturday 26th September our local area property market achieved an auction clearance rate of 100%. A great result, even better when compared with the Sydneywide HomePrice Guide figure of 67%.
The properties auctioned in our local area were diverse. From the first auction at 9:30am that Beach & Bay Realty auctioned – a 1 bedroom [...]
China holds over 2 trillion US$ in foreign reserves of which about 700billion US$ is invested in US$ Treasury Notes, which earn interest but are losing value with the falling US$. China also holds over 1000 tonnes of gold which costs money to store but at least is going up in value to over USD [...]
