Property Buzz

PropertyBuzz, your daily dose of property news.

Stamp Duty Savings set to benefit ACT Homebuyers, Rental Proposals in Tasmania Prioritize Pets Like Never Before, and why WA is telling property owners not to DIY

Welcome to Property Buzz! I’m Grace Ormsby

Today is Wednesday, 26 June.

– The ACT government’s latest budget has revised its stamp duty concession scheme; which provides a full waiver of stamp duty taxes  for properties under $1 million by those who have not owned a property for the last five years.

Homebuyers will be able to access the scheme with a household income of up to $250,000, while the threshold for off-the-plan purchases will lift to $1 million.
– Persons fleeing from family violence will be exempt from the five-year ownership requirement.
The budget also provides increased rebates for low-income households, extended Pensioner Duty Concession Scheme, and increased funding for social and affordable housing development.

Down in Tasmania, and the state is proposing big changes to its tenancy laws, making it easier for tenants to own pets – and away from a requirement for owners to consent.
– According to the proposed changes, property owners can still object to pets and apply to the Tasmanian tribunal within 28 days of notification, and also object where a pet has caused damage or poses a safety risk.
– The amendments to the Residential Tenancy Act would also allow tenants to secure potentially dangerous furniture to walls, with tenants then responsible for any remedial work required at the end of the tenancy.

And in Western Australia, the government’s Building and Energy department has launched a campaign warning against DIY work, highlighting the similarities between DIY and DIE
– The campaign follows several deaths and near misses across the state due to unlicensed individuals attempting their own electrical or gas fitting work.
– The public warning stresses that only licensed electricians or gasfitters should carry out building, repairs and maintenance work.

As well as death, individuals are being warned that the use of unlicensed professionals could result in property damage, liability concerns and insurance issues.

That’s Property Buzz for today. See you again tomorrow, 27 June, for your daily dose. 

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