With the recent Queensland Government announcement that a Foreign Buyers Surcharge will be introduced, financing for new developments and residential product sales is about to change and it’s more complex than you think.
On 1 October the Foreign Buyers Surcharge will commence in Queensland and 3 per cent of the residential property value will be added to existing transfer duty costs. On a typical dwelling this could add approximately $15,000 of additional duty. The Australian Prudential Regulation Authority (APRA) changes are also impacting lending to the industry and overseas investors.
How are these changes affecting projects and what’s in store for the future? What does this mean for foreign sales and future foreign investors’ sales?
We’ve brought together a gamut of expert speakers to share real life examples and discuss how these changes could impact your current and future developments.
Hear firsthand from:
CEO of Frasers Property, Rod Fehring, who will share his insights after experiencing the foreign buyers tax in Victoria
Director of Property Transactions, Deloitte Real Estate, James Walsh and
Partner of Norton Rose Fulbright Australia, Matthew Derrick, who will provide the essential legal technical perspective.
Facilitated by Director at Bentleys, Patrice Sherrie, find out everything you need to know about how these changes affect sales, site acquisitions and joint ventures from a legal, developer and financial perspective.
Make sure you are armed with the latest information before the new surcharge comes into effect on 1 October.
For Terms & Conditions, please click here.
*Price includes light networking morning tea, tea & coffee