For the most part there are very few changes in the 2018 Federal Budget targeting the property industry. Some interesting points of note include:
New budget measures targeting foreigners purchasing property in WA look set to be implemented from January 1 requiring a 7% surcharge on the purchase price. AICWA met with representatives from the Office of State Revenue yesterday evening who confirmed they had commenced drafting the measure. Stay tuned for more.
Source:10th May 2018 AICWA e-Newsletter
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