Podcast: Play in new window | Download
Subscribe: RSS
Westpac has now scrapped the 3 per cent assessment rate buffer for certain refinance applications, however Victorian property investors and holiday home owners are now set to face higher land tax obligations.
The announcement of higher land tax feels poorly timed given we’ve just experienced the largest and most rapid interest rate-tightening cycle on record (which may not even be over!).
It also puts more pressure on the current rental crisis.
—
The Long Property Show provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Nothing in the Long Property Show constitutes legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
