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Changes to the Stamp Duty laws mean that investors will no longer receive discounts on Stamp Duty.

The Victorian Government has recently announced changes to stamp duty. Under the current law, all investors purchasing off the plan properties benefit from stamp duty discounts. However, this will no longer be the case under the new legislation.

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Sydney, Melbourne and Brisbane are the three biggest investing hubs in Australia, however according to Core Logic, the city that is achieving the highest rental yields is Brisbane.

As at July 2016 Brisbane’s rental yields were sitting at 4.3% per annum, whilst Sydney and Melbourne were at 3.1% and 3.0% per annum.

This means, if you purchase an investment property at say $600,000 for example, you would receive the rental value of:

Brisbane: $496 rent p/w

Sydney: $358 rent p/w

Melbourne: $346 rent p/w

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