Issue 2 - Davidson Life

DECEMBER 2020 - ISSUE 2

Davidson Life The best kept secret through the eyes of your local agent Imbue Cafe NANCY & FRANKIE

If you're a Davidson resident, then you will know that Nancy and Frankie will greet you by name and know your order without question.

OPEN 7AM - 4PM WEEKDAYS 7AM - 2PM WEEKENDS DINNER THURS - SUN 5PM - 8.30PM

A Shot of Love & A Dash of Personality

By Shane Broekman Davidson's Local Agent

DAVIDSON LIFE INSIDE THIS ISSUE: Davidson Real Estate - Page 2 Stamp Duty - Page 3 Suburb Stats - Page 4

Nancy and Frankie are no different with their friendly service and amazing food and drinks.

Make sure you scan the QR Code to to taken to their facebook page so you can see what specials they have.

SCAN ME

There is something about 'local' that means all the difference when it comes to customer service.

DAVIDSON REAL ESTATE Shane Broekman - LJ Hooker Forest 0404 044 280 - shaneb@ljhff.com.au ""Shane grew up in Davidson, sends his kids to school in Davidson and currently holds the suburb record in Davidson."

The demographic buying in to Davidson has continued to evolve with many coming from the North Shore and only a sprinkle from the Northern Beaches or local area.

Sale price results still demonstrate that local agents achieve better results than out of area agents, yet the increase in out of area agents is concerning. 12 out of the 21 sales in 2020 were from out of area agents (agents without an office in the 2085/2086 postcodes).

I am often called by buyers asking for more information about Davidson, the local schools, or what my thoughts are on the price they are about to offer on a Davidson house listed with an out of area agent. This sort of information should be provided by the agent selling the house to ensure the best sale outcome!

SCAN QR CODE TO WATCH Dec 2020 Local Market Update Video HOVER YOUR SMARTPHONE CAMERA OVER THIS QR CODE TO WATCH

SUPPORTING DAVIDSON I will donate $500 from every sale I make in Davidson during 2021 to a School of the sellers choice between: 1. Kambora Public School 2. St Martin's Catholic School Before you list with an out of area agent, think local, support local, be a local.

If you would like to promote your local business for free, contact Shane Broekman 0404 044 280

SCAN ME

NSW PROPERTY TAX PROPOSAL

T0 VIEW THE NSW BUDGET FOR 2021: BUYING IN NSW & CREATING A

Shane Broekman A hot topic for just about anyone when you consider the thought of not having to pay Stamp Duty up front. But is it as good as it sounds?

Well, it really depends on why you are buying a property. If you are looking to buy a house and live in it for 60 years like my Nan did, well you might want to simply pay the Stamp Duty up front, but those who buy and sell property every couple of years can really benefit from the Annual Property Tax.

Did you know you can use your smart phone camera to scan a QR Code?

MODERN TAX SYSTEM

Investors are hit a lot harder while farmers are given a break which is great to see. But what does it look like for a purchase is our local area?

Given our Median Sale Price is $1,710,000 and land value currently around $850,000 for Davidson I thought I would use this as my example;

PURCHASE PRICE STAMP DUTY LAND VALUE PROPERTY TAX CUMULATIVE (one off payment)

(6% growth PA)

($500 + 0.3%)

($1500 + 1%)

$79,055

$850,000

$0

$0

YR 7

$1,278,085

$24,905

$81,848

YR 15

$1,921,768

$66,854

$220,346

YR 30

$4,605,630

$216,599

$716,995

$1,710,000

NSW PROPERTY TAX PROPOSAL

CONT

Shane Broekman So as you can see by the previous page calculations, if you buy and sell every 7 years for 28 years (5 purchases) you would pay $395,275 in Stamp Duty as opposed to

passing the Annual Property Tax on to the next owner once elected. This could impact your sale price if you sell to an investor as they pay an extra $1500PA and 1% land

$216,599 in Property Tax.

value PA. Over 7 years that's an extra $56,943 for the investor however it is still

However should this proposal go ahead you do need to mindful that they are looking at

less than paying Stamp Duty up front. What are your thoughts on this?

Davidson 2085

HIGHEST 2020 SALE

MEDIAN SALE PRICE

$2,460,000 TOTAL SALES IN 2020

$1,710,000

21

Shane Broekman 0404 044 280 shaneb@ljhff.com.au

LOWEST 2020 SALE

$1,275,000

TOTAL SALES IN 2019

31