We welcome you to our new look E-Zine (electronic magazine) and website which forever will identify our online points of difference. This latest online release is a defining moment within our industry and one that we obviously treat very seriously. Our electronic platform is an industry first where the customer also comes first. Please enjoy

It has been our absolute pleasure to deliver to the clients in our dynamic market, the most comprehensive online electronic property data. Richardson & Wrench Mosman & Neutral Bay (RWM) continues to lead our markets with results, performance and innovation – “we never stop thinking about you.”

Without a doubt, the introduction of the Goods & Services Tax (GST) has seriously impacted on our markets and has definitely stymied property development and investment in housing. Some even refer to it as a Value Added Tax (VAT). The only problem is, that governments reap the financial benefits to the detriment of consumers. Banks are also reluctant to pursue mortgagee – in – possession (MIP) sales simply because they will have to pay GST on these forced sales. As stated previously, we have received just one instruction to act on a MIP sale in 2008.

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7.11.08Robert Simeon5 Comments »

The most important fact that resonated with me when the NSW Fudge-it was announced this week, is that we are simply paying way too much tax. Last December the treasurer, “Cost – ya” plenty, announced that by his calculations, the budget surplus for the current financial year would come in around $506 million. More than his previous calculations in June 2007 (that the surplus was likely to come in at $376 million) the budget surplus for 2007/08 is now revised up to $700 million. Quite amazing that previously “Cost-ya” thought (hoped) that in 2009/10 the surplus would climb to $730 million. We obviously have a treasurer who either can’t count or has no idea what is actually happening with the NSW economy. Leaving GST aside (the tax supposed to reduce taxes – yeah right) the NSW government has done beautifully out of “P’s” – that being property and payroll tax. In property the “P’s” refer to position – position – position, while payroll tax is a bonanza when the economy runs at record low unemployment figures. Continue reading »

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6.06.08Robert SimeonNo Comments »