Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, a must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of Australia's finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

Friday, 10 June 2016

Queensland budget changes

The Queensland state budget is set to increase the first homebuyers grant on new dwellings valued up to $750,000 to $20,000. 

On the flip side, it looks as though a "revenue grab" will be targeted at foreign buyers in order to theoretically raise a projected $15-25 million per annum, in the guise of a 3 per cent stamp duty surcharge.

The latter change to tax law is unlikely to be a helpful move for the ailing new apartment market.

I had a yarn with Domain about it here (or click image).