Friday 12th May 2000 |
Text too small? |
Australia's "safe" budget will provide the confidence required by property investors across the Tasman to see beyond a turbulent 2000, according to CB Richard Ellis.
The biggest bonus for the industry was the treasurers' indication this was the beginning of the end for state-based taxes, including those on real estate.
Starting with the abolition of the Sydney bed tax, there is real potential to remove long-standing state taxes which discourage property investment and trading.
Bill Chillington, chief operating officer for CB Richard Ellis Australia New Zealand, said the underlying fundamentals of the Australian market were sound as office rents were still heading up, vacancy was either low and stable or declining, and outside Sydney there was little forecast construction activity to upset this trend.
No comments yet
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024