Last Chance: Save ~A$20K Before Stamp Duty Increase On Melbourne Property

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  Stamp duty will be increasing in Melbourne again. This increase is caused by the removal of the off-plan stamp duty concession on Melbourne property, which will affect all buyers. THIS WEEK COULD PROVE THE LAST CHANCE FOR YOU TO SAVE ~$A20K in stamp duty on Melbourne property. WANT TO KNOW MORE ABOUT THE STAMP DUTY INCREASE? WATCH THIS VIDEO: This video follows articles that we had written and published on our website previously regarding this change from as far back as 2 months ago. To read our article on the new stamp duty increase, please click HERE. To read about Vacant Residential Property Tax (VRPT), please click HERE. These articles and video are our way of sharing knowledge with our clients and friends. — This is another Knowledge Series by CSI Properties (Cornerstone International). CSI Properties (Cornerstone International) proudly promotes international investment property with high yields at low risk. Our portfolio

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Settlement & Construction Update | LUMA, Windsor

1 week ago 0 0 57

On behalf of the developer, we would like to introduce the settlement team for LUMA, Windsor, and also provide updates on procedures leading up to completion and settlement. For queries on settlement, kindly contact the settlement team – contact details are found in the document below.  Kindly click below to navigate or enlarge the document which provides important information on settlement. The Settlement Team for LUMA are Natalie Hanrahan and Tania Buttigieg. If you have any queries regarding your apartment leading up to settlement, please do not hesitate to contact Natalie or Tania at Please write to to confirm your current email address and phone number, to ensure that you are receiving important communication leading up to settlement. Natalie or Tania should be in contact with you over the next few weeks to personally introduce themselves and answer any questions you may have regarding the process ahead. This document also

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The Waitrose Effect on UK House Prices

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Imagine adding almost £40,000 (!!!) to your house price value just by living in close proximity with Waitrose, Marks & Spencer or Sainsbury’s. Not convinced? Take it up with Lloyds Bank, whom we credit for the term ‘Waitrose Effect’. The bank released a research which revealed that properties within easy reach of local supermarkets have an added premium of  £21,512 on average compared to those in nearby areas. Living near Waitrose commands the highest premium, at more than £36,000 to the value of your property. Marks & Spencers comes in second at £29,992 additional premium, followed by Sainsbury’s (£26.081), Tesco (£22,072) and Iceland (£20,034). In its initial release in 2016, the research showed that property in the same postal district as Waitrose command the highest premium compared to other areas in the same town in 7 out of 10 regions of England and Wales. The largest premium is in the North

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Construction Update | Opto House (London Spring Place) Block C

2 weeks ago 0 0 49

On behalf of the developer, we present updates as at end April 2017 from the construction site of Opto House (London Spring Place) Block C. To view the updates and photos of the site, kindly click on the link below. Block C for Opto House (London Spring Place) is poised for completion in Q4 2017, according to the developer. Meanwhile, works that have been progressing are as follows: Concrete retaining walls and groundwork complete Steel frame more than 80% complete External sewer connection complete Mains and permanent power connected to site Decking and concrete floor work due for completion by June 2017 London Spring Place Highlights  Opto House (London Spring Place) is a brand new, purpose-built student accommodation development comprising fully-managed en-suite rooms and self-contained studio suites across three blocks. En-suites are arranged in clusters of 6 with access to a communal living area and kitchen. Self-contained studio suites will

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Construction Update | Opto House (London Spring Place) Block B

2 weeks ago 0 0 62

On behalf of the developer, we bring updates as at end April 2017 from the construction site of Opto House (London Spring Place) Block B. To view the updates and see the latest photos taken from site, kindly click on the image below. The Opto House (London Spring Place) project is reported to be completed by Sept 2017. Works that have progressed are as follows: Delivery of bathroom pods & furniture Water, gas & power mains already connectedc Brickwork, railings, gate and tarmac to public footpath complete Sub-station now commissioned and power on Opto House (London Spring Place) Highlights  Opto House (London Spring Place) is a brand new, purpose-built student accommodation development comprising fully-managed en-suite rooms and self-contained studio suites across three blocks. En-suites are arranged in clusters of 6 with access to a communal living area and kitchen. Self-contained studio suites will contain en-suite bathrooms and a fully functional kitchenette.Beautifully furnished

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Melbourne: Vacancy Tax to Hit Foreign Property Buyers

1 month ago 0 0 591

Government measures for affordable housing at expense of foreign investors: (i) Vacant Residential Property Tax (VRPT) (ii) New residential developments restricted to only 50% foreign buyers Last month we published an article announcing the latest raft of changes by the government to scrap off-the-plan stamp duty concessions in order to waive stamp duties for first-time buyers of houses worth up to $600,000 in Melbourne. (Click HERE to access the article). More restrictions are in store for foreign investors. The Victoria government has also now effected a vacancy tax (Vacant Residential Property Tax or VRPT) which will will cost foreign buyers who don’t have a tenant in their property (or live in it themselves) for more than 6 months in a year, an annual penalty of 1% of the property’s capital-improved value. This means investors with a home worth $500,000 will pay $5,000 in tax if they don’t rent the place

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Settlement Procedure | MILQ Apartments, North Melbourne

1 month ago 0 0 109

With MILQ Apartments coming to completion soon, we are pleased to present a message from the Developer on the procedures for settlement. Great news for investors – MILQ has won the Residential Development Category Award for Australia in the Asia Pacific Property Awards. Congratulations on making a discerning investment in MILQ. — ABOUT MILQ MILQ lies within the much desired University High School neighbourhood precinct. The University of Melbourne, which is typically ranked among the best universities in the world, is a short walk away to the east. Meanwhile, the green expanse of Royal Park lies to the north, and to the west, past the North Melbourne swimming pool and recreation centre, the Capital City Trail winds its way along the historic banks of Railway Canal to Victoria Harbour, Docklands and the Yarra. A fifteen minute stroll south brings you to the heart of Flagstaff Gardens, and the city’s bustling epicentre lies just a stone-throw beyond. Melbourne’s iconic trams stop at nearby Abbotsford

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Construction Update | The Residence, Manchester

1 month ago 0 0 87

On behalf of the developer, we bring you the latest updates from the construction site of The Residence in Manchester, UK. Kindly click on the image below to enlarge and flip pages. The appointed main contractor began work in April and as such progress is at preliminary stages. Hoarding boards have already been placed. Among the works that will take place over these two months are: Explosive testing ordnance on site Existing wall removal Piling works for basement carpark walls Plate testing and excavations, and more. About The Residence The Residence is only a few minutes’ walk from Manchester City Centre. It sits at the doorstep of Spinningfields (The Canary wharf of the North), Manchester’s main shopping and commercial district and Deansgate, the financial district of the city. The Residence occupies a prominent position within the stunning new £400 million Greengate Masterplan Project and, upon completion, will be one of the

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VIDEO – UK General Election and the Housing Market

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The UK general election was called on 18 April. Unusually, news of the UK general election was not leaked, preventing a lengthy build-up in the housing markets. Virata Thaivasigamony, spokesperson of CSI Properties (Cornerstone International) shares his views on the subject. — Click on CC for subtitles. Or else, feel free to read the full transcript below: The Prime Minister’s call for a UK general election in (less than 6 weeks) was a surprising one. There are pros and cons, of course. The UK general election is an opportunity for the new government to create policies and a clean slate to do something for the voters. We all know that the no. 1 thing on voters’ minds are housing affordability and shortage of housing. On the day of the Prime Minister’s announcement, the pound dropped then rose to its highest level in weeks. In fact, it’s been on an upward

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Construction Update | Rima Brunswick East

1 month ago 0 0 100

On behalf of the developer, we present May 2017 updates from the construction site of Rima in the lively Brunswick East quarter of Melbourne, Australia. Work is still in the preliminary stage, however, this is one of the most crucial parts of construction. At this point, the site has already been set up, while bulk excavation and basement works are ongoing. Located on 22 Lygon Street, RIMA is surrounded by some of the most popular retail institutions, watering holes and eateries in the city. It is in perfect proximity to two of Australia’s finest universities – the University of Melbourne and RMIT University, Brunswick. Everything is a tram or bus ride way! Design-wise, RIMA is a polished ensemble of clean lines, steel and glass, whilst the interiors offer spectacular views, well-configured and seamless spaces and abundant natural lighting. RIMA’s rooftop club is a fabulous hideaway from the hectic Brunswick and

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