Over the last month, the market has continued to tighten as the number of prospective buyers has dwindled. The total number of inspections at ‘Open Houses’ continues to be erratic, with some properties not attracting the attention of potential buyers some weekends.   Vendors are continuing to reduce asking prices to meet the market expectations and while the volume of sales numbers has diminished, properties are still ...read more

The Revenue and Other Legislation Amendment Bill 2010 was introduced into Parliament on 9 March. The Bill amends the First Home Owner Grant Act 2000 (FHOG Act) to reduce the cap on the value of homes for which the grant is payable.   For transactions entered into:   . before 1 January 2010 - no cap provisions apply;   on . or after 1 January 2010 to 30 March 2010 - $1M cap applies; on . or after 31 March 2010...read more