The Body Corporate and Community Management and Other Legislation Amendment Act 2010 introduces important changes for agents involved in the sale of community title lots. Key changes include requiring a Community Management Scheme Statement to accompany disclosure statements and introducing new information that must be disclosed. Agents should review and supplement existing disclosure statements to comply with the new requirements, which take effect upon the Act's assent. The Real Estate Institute of Queensland will also be releasing revised disclosure statement forms.
Regulation A- On November 17, 2016, the SEC Division of Corporation Finance issued three new Compliance and Disclosure Interpretations (C&DI) to provide guidance related to Regulation A. Since the new Regulation A came into effect on June 19, 2015, its use has continued to steadily increase. In my practice alone I am noticing a large uptick in broker-dealer-placed Regulation A offerings, and recently, institutional investor interest...
Regulation A- On November 17, 2016, the SEC Division of Corporation Finance issued three new Compliance and Disclosure Interpretations (C&DI) to provide guidance related to Regulation A. Since the new Regulation A came into effect on June 19, 2015, its use has continued to steadily increase. In my practice alone I am noticing a large uptick in broker-dealer-placed Regulation A offerings, and recently, institutional investor interest...
Форсайт "Облачные сервисы: миф или реальность"Ilya Balahnin
Дорожная карта, созданная на основе обработки экспертных мнений и материалов форсайта "Облачные сервисы: миф или реальность?", который состоялся при поддержке Ростелекома в рамках RIW 2012.
YANG DESIGN User Study Lab: 4 Consumption Trends of China’s Post80&90sYANG DESIGN
China’s Post80&90s are also marked as the Generation Y. In which social content did they grow up? Who are they and how will they become? And how will their shop for their home? The Consumption Trends of China’s Post80&90s Report is a study project by YANG DESIGN and is commissioned by TrendsHome, the home magazine with largest distribution in China. The study combines methods of desktop research, opinion leader interview and online questionnaire. It reviews the politic, economic, social and technological backgrounds, summarizes the home consumption pattern and lifestyle cluster groups. 4 macro trends are predicted and presented with future scenarios.
Форсайт "Облачные сервисы: миф или реальность"Ilya Balahnin
Дорожная карта, созданная на основе обработки экспертных мнений и материалов форсайта "Облачные сервисы: миф или реальность?", который состоялся при поддержке Ростелекома в рамках RIW 2012.
YANG DESIGN User Study Lab: 4 Consumption Trends of China’s Post80&90sYANG DESIGN
China’s Post80&90s are also marked as the Generation Y. In which social content did they grow up? Who are they and how will they become? And how will their shop for their home? The Consumption Trends of China’s Post80&90s Report is a study project by YANG DESIGN and is commissioned by TrendsHome, the home magazine with largest distribution in China. The study combines methods of desktop research, opinion leader interview and online questionnaire. It reviews the politic, economic, social and technological backgrounds, summarizes the home consumption pattern and lifestyle cluster groups. 4 macro trends are predicted and presented with future scenarios.
NO. FJ2 (49)/2021-LEGIS) THE LEGISLATION WAS RECEIVED ON DECEMBER 1, 2021 AFTER BEEN APPROVED BY THE PARLIAMENT HEREAFTER PROMULGATED ON DECEMBER 04, 2021 CALLED AS THE COMPANIES (AMENDMENT) ACT, 2021.
Dear Professional Colleagues,
Sharing with you "Budget Updates-2019". A brief analysis of:
1. Transfer Pricing Amendments
2. Individual Taxation-Tax Incentives
3. Tax Rates
Hope you will find it useful and informative too.
Regards
CA. Reetika G Agarwal
Taxmann's GST Tariff with GST Rate Reckoner (Set of 2 Volumes)Taxmann
Taxmann’s GST Tariff contains GST Tariff for Goods and Services. It provides HSN-wise and SAC-wise Tariff of all the Goods and Services.
The Present Publication is the 14th Edition, authored by Taxmann’s Editorial Board, is amended up to 1st February 2021, with the following noteworthy features:
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Follows the six-sigma approach, to achieve the benchmark of 'zero error'
The Present Publication is published in two volumes & divided into 6 divisions, which are listed as follows:
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Rates Specified in other Acts
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Services Index
•GST Tariff Notifications (Rate of Tax and Exemptions)
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•National Calamity Contingent Duty
•Additional Duty on Tobacco
•Additional Duty on Motor Spirit (Petrol)
•Additional Duty on High Speed Diesel Oil
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The Present Publication is the 15th Edition, authored by Mr. V.S. Datey & Updated till 1st February 2021. This book follows the Six-Sigma approach to achieve the benchmark of ‘zero-error’.
The book has been divided into 55 chapters in respect of all-important-provisions of GST, including the following:
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Returns under GST
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Australia's home prices likely rose at a slightly faster pace in August (+1%) compared with July (+0.8%), based on CoreLogic's daily 5 capital city index. Brisbane (inc Gold Coast) prices are up 1.4% with Sydney and Adelaide prices both 1.1% higher.
Adelaide and Perth are the only capital cities at new highs, Brisbane is still below it's high in March 2022 based on this data (which includes the Gold Coast), though on the ground in Brisbane we are seeing data points of new all time highs in our target areas.
CoreLogic Research Director, Tim Lawless, noted the most
substantial reduction in growth has occurred in Sydney.
“After leading the upswing, the monthly pace of growth in Sydney
housing values has halved from a recent high of 1.8% in May to 0.9%
in July. Sydney has also seen a significant rise in the number of
fresh listings added to the market, 9.9% higher than the same time
last year and 18.0% above the previous five-year average. An
increased flow of new listings provides more choice and may be
working to reduce some of the urgency felt among prospective
buyers,” he said.
Brisbane and Adelaide saw the monthly pace of growth
accelerate in July, leading the pace of gains across the capitals
with housing values up 1.4% across both cities. Although the trend
in new listings has risen in these cities, Mr Lawless said the number
remains well below levels from a year ago and the previous five
year average.
Canberra was the only capital city to record a decline in values in
July, down -0.1%, while Hobart values were unchanged.
The slowdown in value growth has mostly been driven by an
easing in gains across the upper quartile of the market.
Brisbane (1.4%)
CoreLogic’s national Home Value Index (HVI) has recorded a third consecutive monthly rise, with the pace of growth accelerating sharply to 1.2% in May.
After finding a floor in February, home values increased 0.6% and 0.5% through March and April respectively.
Sydney continues to lead the recovery trend, posting a 1.8% lift in values over the month, recording the city’s highest monthly gain since September 2021. Since moving through a trough in January, home values have risen by 4.8%, or the equivalent of a $48,390 lift in the median dwelling value.
Brisbane (1.4%) and Perth (1.3%) are the only other capitals to record a monthly gain of more than 1.0%, however, the rise in values was broad-based with the rate of growth accelerating across every capital city last month.
CoreLogic’s Research Director, Tim Lawless, noted the positive trend is a symptom of persistently low levels of available housing supply running up against rising housing demand.
“Advertised listings trended lower through May with roughly 1,800 fewer capital city homes advertised for sale relative to the end of April. Inventory levels are -15.3% lower than they were at the same time last year and -24.4% below the previous five-year average for this time of year,” he said.
“With such a short supply of available housing stock, buyers are becoming more competitive and there’s an element of FOMO creeping into the market. Amid increased competition, auction clearance rates have trended higher, holding at 70% or above over the past three weeks. For private treaty sales, homes are selling faster and with less vendor discounting.”
The trend in regional housing values has also picked up, with the combined regionals index rising half a percent in April, following a 0.2% and 0.1% rise in March and April.
“Although regional home values are trending higher, the rate of gain hasn’t kept pace with the capitals. Over the past three months, growth in the combined capitals index was more than triple the pace of growth seen across the combined regionals at 2.8% and 0.8% respectively,” Mr Lawless said.
“Although advertised housing supply remains tight across regional Australia, demand from net overseas migration is less substantial. ABS data points to around 15% of Australia’s net overseas migration being centered in the regions each year. Additionally, a slowdown in internal migration rates across the regions has helped to ease the demand side pressures on housing.”
Premium housing markets in Sydney continue to lead the recovery trend. After recording a larger drop in values, Sydney’s upper quartile (the most expensive quarter) stands out with the highest rate of growth, gaining 5.6% over the past three months compared with a 2.6% rise in more affordable lower quartile values.
“Buyers targeting the premium sector of the market are still buying at well below peak prices,” Mr Lawless said.
“Although values across more expensive homes are rising more rapidly, ......
January marked a new record for how much and how fast dwelling
values have fallen in Australia. Based on the monthly index, the
national HVI is down -8.9% since peaking in April last year, making this
the largest and fastest decline in values since at least 1980 when
CoreLogic’s records began.
So far, Brisbane (-10.8%*
) and Hobart (-10.8%) have registered the
largest declines on record for those cities. Sydney home values are down
-13.8% and not far from surpassing the 2017-19 drop of -14.9% to set a
new decline record.
The third edition of the CoreLogic
Women and Property report provides
an update to the state of home
ownership for men and women across
Australia and New Zealand as of
January 2023.
Best Regards,
Linda 姬琳达珍 and Carlos Debello (LREA)
LJ Gilland Real Estate Pty Ltd
Debello LREA推荐书LJ Gilland房地产
http://ljgrealestate.com.au/testimonials/
Via Corelogic RPData
2022 was a tumultuous year for Australia’s housing market.
Following outstanding capital growth over 2021 and into early 2022, successive interest rate rises, surging inflation, low consumer sentiment and deteriorating affordability drove a shift in the performance of residential real estate.
Today, we released our annual Best of the Best report; a seminal publication which sums up the country’s annual property performance and provides an outlook for the year ahead.
The national monthly increase of 1.3% is the slowest rate of growth since January 2021 when values rose 0.9%. The annual increase of 22.2% has added approximately $126,700 to the median value of an Australian home in the last 12 months.
Beyond the headline figure, capital city and regional home values are diversifying as stock levels rise and affordability decreases. Houses continue to outperform units, regional markets and rental growth remain strong and a rise in listings is contributing to a subtle softening in vendor metrics such as days on market and auction clearance rates.
Will it be a hot, warm or cool summer for the market?
Foreign nationals bought up more than $55.8 billion worth of Australian property during the last financial year, down 33% as the pandemic shut the country’s borders.
The Foreign Investment Board’s annual report shows property approvals were down again, having almost halved in the space of just four years.
The report shows Chinese investment was up 16% over the same period, while Queensland is quickly becoming a “top destination” for foreign investment.
According to a variety of reported opinions, it’s Brisbane’s time to shine. The city has seen a stop- start-stagnate property market for close to a decade, with myriad factors (floods, unit oversupply, high unemployment, global pandemic) keeping our values
Australian housing values finished the year 3.0% higher according to data released by @corelogicau today. The growth rate for regional housing values (+6.9%) was more than three times higher than the pace of growth across the capital cities (+2.0%)
Our Sunshine State capital is looking even brighter as at the time of writing. While we’ve had our challenges during COVID-19 (particularly in recent weeks when a few dubious border crossings have left our population holding its collective breath……………
“The blowout in rental vacancy rates for the major CBDs suggests a mass exodus of tenants occurred over the course of March and April. This might be attributed to the significant loss in employment in our CBDs plus the drop off in international students,” he said.
Brisbane and Adelaide both saw their CBD vacancy rate double as well, albeit from smaller bases, jumping to 11.3% and 6.6% apiece.
Looking at the capital city markets as a whole, Darwin proved the only exception to rising rates across the board.
CoreLogic head of research Tim Lawless said, “Although housing values were generally slightly positive over the month, the trend has clearly weakened since mid-to-late March, when social distancing policies were implemented and consumer sentiment started to plummet.”
The capital city markets generally showed a weaker performance relative to the regional markets, with the combined capital cities index up 0.2% in April compared with a 0.5% rise across the combined regional markets.
View the COVID-19 V Australian Property Report here. At a Glance:
Even with the impact of COVID-19, the experts most commonly believe in 12 months prices will be higher than they are now (27 percent of respondents).
Overwhelmingly, (72 percent) of respondents, felt that NSW would be the hardest hit.
Short Term residential rental properties, like AIRBNB and holiday homes, are in the firing line, whilst high cashflow and diversified rooming houses on fixed-term leases are highlighted as the most resilient.
Respondents said the peak COVID-19 impact would be felt between the 3 to 12-month mark from mid-March 2020
Valuing experts explore what buyers are looking for in each housing market. This is especially useful knowledge as the market establishes its direction for 2020.
Dwelling values rose by 1.1% over the month of December and by 4.0% over the quarter to finish out 2019 on a positive note according to the CoreLogic national home value index. This result represents the fastest rate of national dwelling value growth over any three month period since November 2009. Darwin was the only region amongst the capital cities and ‘rest-of-state’ areas to record a fall in values over the month, with a -0.5% decline
The CoreLogic Home Value Index results for October out today confirm a 1.2% rise in national dwelling values over the month, delivering the fourth straight month of rising values.
The October result was the largest month-on-month gain in the national index since May 2015. The recent gains come after a broad-based decline in housing values, with the national index declining 8.4% between October 2017 and June 2019. The positive October result takes national dwelling values 2.9% off their June 2019 floor, however values remain 5.7% below their peak, highlighting that despite the recent gains, home values are at a similar level to where they were three years ago.
According to CoreLogic research director Tim Lawless, the stronger rebound in Melbourne and Sydney can be attributed to a blend of factors; tighter labour market conditions and stronger population growth relative to the other capitals, coupled with the stimulatory effect of the lowest mortgage rates since the 1950’s, and improved access to credit.
1. Important information for agents involved in the sale
of lots and proposed lots in Community Titles Schemes
The Body Corporate and Community Management and Other Legislation Amendment Act 2010 (the BCCM
Amendment Act) was passed on 6 April 2011 and will commence on assent. This is expected to occur in coming days.
Agents should be aware of the following key amendments which the BCCM Amendment Act introduces to the Body
Corporate and Community Management Act 1997 (the BCCM Act).
1. Provision of Community Management Scheme Statement
If you are selling an existing lot, the section 206 disclosure statement must be accompanied by the Community
Management Scheme Statement (CMS).
The CMS must be provided to the buyer before the buyer enters into a contract.
Failure to comply with this requirement will enable the buyer to terminate the contract at any time prior to
settlement (section 206(7) of the BCCM Act).
2. New section 206 disclosure requirements
The BCCM Amendment Act also introduces new information and statements which must be included in:
• a section 206 disclosure statement (for existing lots); and
• a section 213 statement (for proposed lots).
(a) New requirements for section 206 disclosure statements
The section 206 disclosure statement must state the extent to which the amount of annual contributions currently
fixed by the body corporate as payable by the owner of the lot:
(a) are based on the contribution schedule lot entitlements for the lots included in the scheme; and
(b) are based on the interest schedule lot entitlements for the lots included in the scheme.
The section 206 disclosure statement must also include the following statement:
The contribution schedule lot entitlements and interest schedule lot entitlements for the lots included in the
scheme are set out in the community management statement for the scheme.
A copy of the CMS must also be attached to the section 206 disclosure statement.
(b) New requirements for section 213 disclosure statement
The section 213 disclosure statement must state the extent to which the amount of annual contributions
reasonably expected to be payable to the body corporate by the owner of the proposed lot:
(a) are based on the contribution schedule lot entitlements for the lots included in the scheme; and
(b) are based on the interest schedule lot entitlements for the lots included in the scheme; and
The section 213 disclosure statement must also include the following statement:
The contribution schedule lot entitlements and interest schedule lot entitlements for the lots included in the
scheme are set out in the proposed community management statement for the scheme.
reiq.com.au 1
2. When will the new requirements apply?
Given the date of commencement is not precisely known (it is anticipated that assent will occur somewhere between
8 to 10 days from 6 April 2011), the REIQ recommends agents consider complying with the requirements set out in
paragraphs 1 and 2 immediately to avoid the risk of issuing non-complying disclosure statements.
To this end, existing section 206 and 213 disclosure statements should be supplemented with the additional
information and statements outlined in paragraph 2(a) and (b) above, as applicable. Meanwhile, where a section 206
disclosure statement is issued, a CMS should also accompany the supplemented disclosure statement.
Buyers should also be asked to provide a signed acknowledgment confirming receipt of:
(a) the supplementary disclosure information and (b) a copy of the CMS before entering into the contract.
The status of contracts issued but not yet executed before commencement of the BCCM Amendment Act
The BCCM Amendment Act contains transitional provisions dealing with contracts which have been issued but not
signed by both parties prior to commencement. In these circumstances, after the commencement of the BCCM
Amendment Act, a seller must provide a new disclosure statement in compliance with the new requirements set out
in paragraphs 1 and 2 above.
Alternatively, where a disclosure statement has been given (provided it was compliant at the time of issue), a written
notice can be given to the buyer setting out the information outlined in paragraph 2 above. The written notice must be
accompanied by the CMS.
How do I obtain the CMS?
A copy of the CMS may be obtained from the land titles office within Department of Environment and Resource
Management (DERM), or from the seller. Agents should exercise caution when using a CMS provided by a seller. The
REIQ recommends agents take necessary steps to ensure the CMS is the current version recorded for the scheme.
A CMS can be obtained from DERM over the counter for a fee of $27.50. Alternatively, a CMS can be ordered over the
telephone and mailed for an additional fee. Depending on the size of the CMS, the document may also be faxed to an
agent by DERM for an additional fee.
Revised form 206 disclosure statement
The REIQ will be releasing a revised section 206 disclosure statement shortly.
Other legislative amendments
Following commencement, new legislative provisions will require a seller to give a buyer a copy of a new CMS if, after
a contract for the sale of the lot is entered into but before it settles, a new CMS for the community titles scheme is
recorded. In such circumstances, the seller must give the buyer a copy of the new CMS to the buyer within 14 days of
the scheme’s new CMS being recorded.
Where the above occurs, a buyer may terminate the contract for the sale of the lot if:
• it has not already settled; and
• the buyer would be materially prejudiced if compelled to complete the contract given the extent to which the new
CMS is different from the CMS last advised to the buyer.
The termination of the contract must be in writing and given to the seller within 14 days, or a longer period agreed
between the buyer and seller, after the seller has given the buyer the new CMS.
There are a number of other circumstances which will give rise to termination rights in relation to both contracts
for the sale of lots and proposed lots. Agents should familiarise themselves with these new provisions which are
contained in sections 28, 29, 30, 32 and 33 of the BCCM Amendment Act which can found at: http://www.legislation.
qld.gov.au/Bills/53PDF/2010/BodyOLAmB10.pdf
Revised Form 14
A revised BCCM Form 14 is yet to be released. The REIQ will keep members and Realworks users informed about the
release of the revised version of this form.
reiq.com.au 2