While all states have recorded dramatic increases in stamp duty, Victoria, in particular Melbourne, is an outlier with an increase of over 6 times.
Australian house prices surged by 10 percent across combined capitals as of Jan. 31.
According to experts, a range of factors including government policies, mortgages rates, and leasehold may have weakened the flats market in recent years.
After spending US$23 million to purchase an American landholding, Alibaba chairman Jack Ma is reported to have spent US$193 million last week, on a luxury house at 22 Barker Road, Hong Kong’s exclusive Victoria Peak area, this is Ma’s 2nd house in Hong Kong.
While all states have recorded dramatic increases in stamp duty, Victoria, in particular Melbourne, is an outlier with an increase of over 6 times.
Australian house prices surged by 10 percent across combined capitals as of Jan. 31.
According to experts, a range of factors including government policies, mortgages rates, and leasehold may have weakened the flats market in recent years.
After spending US$23 million to purchase an American landholding, Alibaba chairman Jack Ma is reported to have spent US$193 million last week, on a luxury house at 22 Barker Road, Hong Kong’s exclusive Victoria Peak area, this is Ma’s 2nd house in Hong Kong.