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The Australian Property Institute (API) is a professional industry body representing residential, commercial and plant and machinery valuers, analysts, fund managers and property lawyers. The API was originally formed in 1927 as the Commonwealth Institute of Valuers. [ 1 ]
Reverse mortgages in Australia can be as high as 50% [7] of the property's value. The exact amount of money available (loan size) is determined by several factors: the borrower's age, with a higher amount available at a higher age [7] current interest rates; property value [7] the property's location [7]
Land is the predominant focus of Western property law, including Australian property law. Legal developments in this field outweigh the development of other forms of property law, this is primarily due to the high value of land in comparison to other forms of property, such as chattels.
History. South Australia was the first Australian state to introduce a land tax, based on the unimproved capital value of land, in 1884. In 1910, George Allen (first secretary to the Treasury) founded the Land Tax Office to service land taxes at the federal level as a form of wealth tax and as a means to break up large tracts of underutilised land.
There can be differences between what the property is worth (market value) and what it cost to buy it ().A price paid might not represent that property's market value. Sometimes, special considerations may have been present, such as a special relationship between the buyer and the seller where one party had control or significant influence over the other pa
Woolworths Group Limited is an Australian multinational retail and finance company, primarily known for the operation of its retail chain Woolworths Supermarkets across Australia, Woolworths (previously known as Countdown) in New Zealand and its discount department store Big W.
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