IMPORTANT [ Tax Changes - 1st Jan! ]

21 Jan

As we embrace the new year, our team at C+M Residential is geared up and eager to present you with thrilling property opportunities, valuable market insights, and unmatched service. Whether you're looking to buy, sell, rent, or simply explore the real estate market, C+M Residential is your go-to with today's property landscape.

In 2024, significant changes are underway in Victoria with the State Taxation Acts and Other Acts Amendment Act 2023, effective from 1 January. As practitioners prepare for the evolving landscape, key updates include:

Land Tax:

Prohibits adjustments in land sale contracts from 1 January 2024.

Exceptions for contracts before 31 December 2023, settling on or after 1 January 2024, and those exceeding $10 million.

Windfall Gains Tax:

Restricts passing or adjusting assessed WGT liability from 1 January 2024.

Exempts contracts before 31 December 2023, settling on or after 1 January 2024.

Vacant Residential Land Tax (VRLT):

Expands to all Victoria, taxing properties vacant for 6 months from 1 January 2025.

1% to 3% tax on CIV for consecutive vacant years.

Unimproved Residential Land:

From 1 January 2026, VRLT applies to undeveloped residential land in specific Melbourne areas vacant for 5 years.

To see more click HERE to stay informed and act accordingly OR HIT the IMAGE below

From all of us, we're excited to keep "Helping You Find Home."

This Week We Cover

IMPORTANT [ Tax Changes - 1st Jan! ]
What's Coming, what's New, what's Sold
Property of the week
Tale of the Sale this week
Auction results & clearance rates
Your suburbs sold results
Get your instant property price online
Highlight of the week

+ Coming + New + Sold

C+M's Coming Soon:

32 McMahons Rd, Coburg North: Coming Soon..
32 Merbein St, Pascoe Vale: Coming Soon..
40 Hartington St, Glenroy: Coming Soon..
1A Gish Crt, Hadfield: Coming Soon..
3/4 Illawarra St, Glenroy: Coming Soon..
32 Hilton St, Hadfield: Coming Soon..
(To book a VIP viewing, reply with your request..)

C+M's New 2 Market:

57 Alpine Gr, Pascoe Vale: $1.25m - $1.35m

Click here for more

C+M's Sold Results:

7 Barbara St, Hadfield: SOLD @ Off Market in under a week: $1,725,000

Click here for more

Property of the week

**57 Alpine Grove, PASCOE VALE**

4 Bed / 3 Bath / 2 Car
$1.25m - $1.35m

Learn More

TALE of the SALE this Week

**350 Waterloo Rd, Glenroy**

**SOLD @ Auction**
Number of Inspections: 32
Number of 2nd Inspections: 6
Contracts Held: 4
Number of Offers: 4
SOLD: $790,000

Learn More

Auctions - 20/01/24

*preliminary results based on Sundays data from realestate.com.au

Suburbs SOLD results

Your Property Estimate

Like to know your INSTANT Property Price estimate online. Request yours now by simply CLICKING the IMAGE below or this LINK HERE.

*If you would prefer to BOOK in a more accurate Property Price Check in person with one of our team, you can request this as well.

C+M are Hiring

We're always on the lookout for motivated individuals who want to kickstart their careers in the dynamic world of real estate. If you or someone you know is searching for a fantastic opportunity, don't hesitate to get in touch with us.

To APPLY, simply CLICK HERE or hit the IMAGE..

C+M Residential - "Helping You Find Home."