1) All Investments of Property incur a 1% per annum surchage on Valuation, Money goes into Government Revenue so it becomes a win win, generates Revenue to be spent on infrastructure and services, etc etc etc
2) If concessions are made to Australian born investors, then the International Surcharge is non deductable and must be 1% per annum paid in advance per year .
3) Owner occupier homes and also all Residential Property must start its own maintenence fund, comprising of .02% of valuation per year to be paid into the Fund. This account is linked to that address only and acrues per year. The Property can be sold but this account fund gets transferred with the title. So Money can be spent out of this account but it must go to an approved property Maintenance Company for repairs. These Repairs and Inspections must only be done by Approved Property maintenance .
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Ok so this will actually save Lives, as Genuine safety checks and repairs can be done and it means If you have Money in this Fund, your not going to employ Bodgy Bobs electrical to put the extra 20 power points off the one Curcuit are you. People would basically be mad not to spend the money and get the work done properly by experts.
