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2017 Budget Update

June 8, 2017 Leave a comment Go to comments

A small and little-known change in the 2017 budget is likely to affect 60% of the Australia-wide property market, yet many vendors are unaware about the new requirement.

As of July 2017, anyone whose home sells for $750,000 or more will have to submit a clearance certificate proving they are not a foreign investor. If they fail to do so, 12.5% of the sale price will be withheld from the seller and given to the ATO.

Learn more: bit.ly/2017SubtleBudgetChange

Categories: Real Estate Services
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