Firstly, our listing information. In Jersey Road Paddington, Kim and Erin are showing a luxurious 3 bedroom terrace by appointment. An innovative architect designed rebuild has transformed this distinguished terrace into a state-of-the-art family residence. Meticulously recreated showcasing a no expense spared approach to luxury living, it reveals an inspired integration between indoors and out. Beautifully crafted interiors by a premier master builder feature multiple living spaces enhanced by carefully selected appointments and sophisticated custom finishes. Set on a deep dual access block, it captures sweeping city skyline and Harbour Bridge views from the upper level. Price on application. Contact Kim Jones +61 2 8356 7814 to take a look through. More info
Are you or someone you know looking for a country retreat? Susannah has the perfect listing in Burradoo in the Southern Highlands. This impressive European styled villa accessed via a picturesque tree-lined private drive way is a prime example of Southern Highlands living at its finest.
Set across 1,357sqm, this splendid rural home offers a versatile and thoughtful floor plan and standard of living to be envied by many. The generously proportioned north facing living features vaulted ceilings, timber floors and a wonderfully warming slow combustion fire.
Sprawling outdoor areas featuring elegantly rendered landscaped gardens as well as a protected dining terrace make this a perfect home for entertainment on a grand scale. The sun-drenched kitchen with breakfast area looks out over the beautiful gardens, bringing the outdoors in.
The master bedroom with walk in robe and ensuite is beautifully appointed, and there are two additional upstairs bedrooms plus a study and separate sitting area. Downstairs offers a further king bedroom with two way ensuite, and all bedrooms have built-ins.
With secure internal access from the double lock up garage, there is absolutely nothing for the new owner of this home to do but unpack and enjoy the lifestyle to be enjoyed. You can visit this property just contact Susannah to make an appointment. More info
The Grid Penthouse in Rushcutters Bay offers perfect opportunity for inner city living. Set against a breathtaking harbour and parkland backdrop, with views to The Heads, this exceptional penthouse crowns the boutique resort style 'The Grid'. Located at the gateway to Rushcutters Bay Park, it's deep terraces create a seamless indoor/outdoor integration showcasing internationally acclaimed design duo Engelen Moore's signature mantra of 'space, light and air'. Offered to the market for the first time, it enjoys a prized north-east aspect, premier harbourside location and superb facilities. For sale for $3.05M, Contact Gary and Jane for an inspection. More info
New "Transfer Tax"
As you may have heard there was a new tax introduced in NSW parliament for vendors buying residential or commercial property valued over $500,000. Here are the key points:
- Under the proposal, the portion of the sale amount between $500,000 and $1 million will attract a tax rate of 0.2 per cent, before the charge rises to 0.25 per cent for the portion of the sale above $1 million.
- The median Sydney house price is about $600,000, which would attract a charge of $200, while the tax on a property sold for $1.2 million would be $1500.
- It has been called a "transfer tax" by the NSW govt but is simply another new tax that will add around $90 million annually to the state's coffers. Revenue will go to the Dept of Lands. Stamp Duty goes to the Office of State Revenue.
- The media response to the new tax has been uniformly negative. Both the Telegraph and the AFR called it a "monster" tax. The timing is terrible and smacks of political opportunism given that NSW was a net receiver of new funds from the Federal Govt (via health reforms) in the Budget and that the announcement was "hidden" in the backwash of the Federal Budget and its analysis.
- The tax announcement was buried in a press release on security measures for land transfer documents. The announcement was labelled ''sneaky'' by the Opposition Leader, Barry O'Farrell. That statement has been echoed in the press in the news and editorial sections.
- ***However**** importantly the tax, while making the cost of a real estate transaction marginally more expensive, it should not have any real impact on Sydney real estate market in which Di Jones operates as it will add possibly around $2000 to the cost of buying a property valued at $2 million. The real impact may be on developers as it makes the cost of starting a development that much more.
This week's auctions:
This week's auction is on Tuesday 18th May at 6.30pm. Here are the properties set to go under the hammer:
No comments:
Post a Comment