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NSW Government – New Property Tax

24 May 2010 Casula 0 Comment

With the cost of living in Australia increasing, it seems poor old New South Welshmen are about to get hit with another charge when selling their house.

Recent news reports state that the NSW Government plans to add another charge for selling a property.
 
The extra fee is for funding security measures to help protect homeowners against property fraud.
Adding to stamp duty, the new fee affects property sales over $500,000 and will increase relative to the sale price.
 
Mid to high priced properties will most likely increase in price when the new charge is implemented to cover the cost of the new fee. You can read more on the topic here.

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