2015/16 Western Australian State Budget The Western Australian State Budget was handed down on 14 May 2015. The Budget Papers are available here. Details of the new revenue measures are provided below. Amendments to the Land Tax Scale From 2015-16, the land tax scale will be revised to: apply a flat dollar amount of $300 to taxable land with an unimproved value above the exemption threshold of $300,000 and up to $420,000; increase land tax rates (except the top rate, which...
*WHAT IS AN ATU?Properties where deep-sewerage is not available, and where the ground maybe too wet or simply unable to use the standard septic tanks; may have an Aeorbic Treatment Unit (ATU), which is a wastewater recycling system designed as an efficient two stage biological wastewater treatment plant, which also incorporates disinfection. It has been designed to produce a high quality effluent, which has Health Department approval to be used for reticulation of the non-edible leafy garden. Having these systems on a property...
E-conveyancing as touted by PEXA is coming to WA soon, but just to clarify some points of misconception around e-conveyancing in Perth WA; Nomenclature; the misnamed “e-conveyancing” does not encompass the entire process of transferring property into some other persons name. Merely the electronic equivalent of the final stage of the conveyancing process often referred to as “settlement” which includes booking, title check, attending settlement, lodging title forms, and funds distribution. Thus more apt term would be “e-settlement”. That process (at least in current manual process)...
In case you were wondering Landgate have increased their fees from 1/7/15. Fees_after_1_july_2015_100k_-_3.4m_email.pdfDownload Fi Regulated products and services From 1 July 2015, some of Landgate’s regulated products and services will be subject to new fees by no more than the Consumer Price Index (CPI) increase of 2.6 per cent*. New Registration and Search Fees Payable from 1 July 2015 have been approved by the Governor of Western Australia in Executive Council. The current 2014/15 Registration and Search fees are located on Landgate’s Forms...
Long-awaited reforms to strata laws in Western Australia promise to have a dramatic impact upon the state’s urban landscapes by fostering the creation of dense infill developments and raising the sustainability of the built environment. Amendments to Western Australia’s strata laws have long been waiting in the wings, with the Barnett government flagging reforms toward the end of 2013 in the wake of the NSW’s government’s unveiling of proposed overhauls to its own system. The proposed changes that are being...
Just in case you missed it, the $3000 First Home Owner Grant was removed for eligible contracts dated from and including 3 October 2015. Here’s the run down… The good news is this only affects existing residential properties. However where eligible you should still be able to attain the ‘First Home Owner Transfer Duty Concession‘ namely Nil duty for approved First Home Owners in the price $430k and under, then scaled up to normal levels up to $530k. The ‘New Homes‘ Grant of...
