Sustainability Declaration form to be wiped and stamp duty reprieve for primary place of residence – Hip Hip Horay Mr Newman you have started well.
QUEENSLAND Premier Campbell Newman has begun implementing his promise to slash the cost of living and cut through real estate red tape in a bid to drag the property market out of the doldrums.
The first meeting of the LNP Cabinet yesterday decided to scrap the controversial sustainability declaration forms that have dogged home sellers since they were introduced in 2010, The Gold Coast Bulletin reported.
“Cabinet also formally approved the reinstatement of the principal place of residence stamp duty concession from 1 July 2012, which will save Queenslanders up to $7000 when they purchase an average family home,” Mr Newman said.
Commuters using a go card will travel free on public transport after making nine journeys in a week from July 1, and the unpopular waste levy on business will be removed.
Private motor vehicle registration fees will be frozen for three years from July 1.
Premier Campbell Newman said he used the meeting to stress the importance of saving money across every portfolio.
Lets hope this will install some more confidence in the market and buyers and sellers can breath a little easier when making their real estate decisions.
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