Positive Cash Flow Real Estate

Positive Cash Flow Real Estate

Positive Cash Flow Real Estate

As the end of 2011 approaches Sydneysiders can thank their lucky stars that, of all Australian capital cities, theirs has withstood the economic forces that have devalued home prices elsewhere.

One reason is the rush to beat the end of stamp duty concessions. From the start of 2012 most first-home buyers will have to pay full stamp duty on their NSW housing purchases. As a result, the property market is booming.

Next year the stamp-duty savings will apply only to new homes, including those bought off the plan. This is why in September the number of loans for first-home buyers in NSW leapt by 15.9% compared with October.