A Further Blow to Real Estate Prices
Imported from 3 August 2005
On 1 August we reported that real estate prices were in the doldrums in south east Queensland and that a further blow to prices could be looming if the New South Wales Government removed the vendor tax from the industry in that State.
The first announcement made by the new Premier of New South Wales yesterday was that the tax would be removed and so now we may see real estate investors move south to take advantage of the low prices.
