Apartment Choice

From July 1, NSW doubled the stamp duty on foreign buyers to 8 per cent. THERE are nascent signs Chinese foreign buyers have toned down their enthusiastic buying of Sydney property . There are three pinpointed causes. Firstly, Beijing has narrowed the window for capital outflows to Australia. At the same time, Australian banks have tightened lending criteria to mainland China investors due to APRA regulatory requirements , and in some cases won’t lend to foreign investors at all. This week Chinese local and international estate agents reported a sharp drop-off in sales over the last six weeks as new property taxes took effect after the NSW state budget . From July 1, NSW doubled the stamp duty on foreign buyers to 8 per cent and increased the land tax surcharge from 0.75 per cent to 2 per cent. Chinese local and international estate agents reported a sharp drop-off in sales over the last six weeks. It’s a little too early to say the allure of Australian property has gone, b...

Did you know? In 1840, Elizabeth Blair, daughter of one of the city founders, discovered a natural spring filled with mica chips, which imparted a silvery hue. The town was named in honor of this colorful water feature . Geographic orientation : Montgomery County , Maryland Landmarks: Silver Spring Arts and Entertainment District, AFI Silver Theatre and Cultural Center, The Fillmore, National Museum of Health and Medicine Why You'll Love This Area: Silver Spring offers a family-friendly, walkable downtown, excellent restaurants and stores and a vibrant mix of arts and entertainment. Just minutes from the nation's capital, Silver Spring is a suburban city located in Montgomery County , Maryland. It is one of the fasting growing and most diverse communities in the U.S. The boundaries of Silver Spring cover a large geographic area extending from the borders of Washington, D.C. to the south, Prince George's County to the east and Howard County to the north. The area h...