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Property owners in NSW may soon feel some reprieve, with a new tax valuation system in place. Land tax assessments will now be based on a rolling three-year average of land valuations, and properties valued at less than $352,000 will be exempt.
Latest consumer research by the Mortgage & Finance Association of Australia (MFAA - previously the MIAA) and BankWest shows residential property investors remain cautious about purchasing an investment property.
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