Napier & Blakeley

Victorian first time home buyers will pay less stamp duty for homes from 1 September

Victorian first time home buyers will pay less stamp duty for homes from 1 September.

The reduction in duty has become increasingly attractive – initially, 20% was reduced on 1 July 2011, followed by 10% on 1 January 2013, 10% on 1 July 2013 and the upcoming 10% on next Monday, 1 September 2014.

It is available for new or established home purchases.

Victorian Stamp Duty table 3.9.14

 

 

 

 

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Mitchell appointed Napier & Blakeley International Chairman

Peter_Mitchell - reducedHIGHLY regarded property executive Peter Mitchell has been appointed non-executive chairman of Napier & Blakeley International.

Napier & Blakeley managing director Alastair Walker said the appointment is part of the group’s continued expansion into Asia.

“Peter brings to N&B a huge array of skills and contacts and as a lawyer has worked in due diligence throughout Asia in the past. His understanding of the Asian property market is second to none.

“He also has extensive networks in all major Asian economies and a deep understanding of their cultures and business practices,” he added.

Walker said Napier & Blakeley has worked for Singaporean clients for over two decades and have actively been involved in the region for almost 10 years.

“We have provided technical due diligence for around 75% of all international property investors coming into Australia, and formalising Peter’s involvement via his chairmanship will strengthen the links to these and other international investors and facilitate the development of greater capability to provide TDD services to them, as well as outbound Australian clients within Asia itself, pushing to Europe,” Walker continued.

Mitchell was most recently CEO of APREA in Singapore, having developed the association from a small 40-member body to almost 200 members globally. Continue reading →