🏠, New Year, New ATO Rule For Property Sellers. What's In Store for 2025?

Published: Sat, 01/18/25

Updated: Sun, 01/19/25

Hi ,

Happy New Year!

The team at Chamberlain Property Advocates trust you've had a happy, healthy and safe festive season. We are diving into 2025 with lots of exciting things planned, so stay tuned for more tips, tales and tidbits that keep you enlightened and educated as to the goings-on in the Melbourne and Tasmanian property markets.

The ATO have kicked off 2025 with a new rule which will affect Australian homeowners who sell property from the 1st January, 2025.

Australian residents (for tax purposes) selling property in Australia are now required to provide the purchaser with a clearance certificate at or before settlement.

Previously, clearance certificates were only required for properties selling for $750,000 or above. Buyers were required to withhold 12.5% of the sale price and remit it directly to the ATO, if the seller did not provide a clearance certificate.

But as of the 1st January 2025, the ATO have removed the $750,000 threshold and increased the withholding rate to 15%.

Sellers can obtain a clearance certificate, valid for 12 months, through their conveyancer or solicitor or directly from the ATO.

Looking to sell or buy property in Melbourne or Tasmania? Ask about our vendor advocacy service where we provide you with trusted impartial advice and guidance, and MAKE IT EASY to enjoy a smooth and easy pathway to selling your home.

See How a Property Advocate Can Help

To book a free 20-minute consultation, simply click here and choose a time convenient to you.

Book a Time To Chat Now

Wendy In The Media

Keen to stay up to date with what's happening in the Melbourne property market? You can listen to Wendy and Vilma Formosa, host of North West FM's Midday Panorama Show, chat about the latest real estate news on Friday 14th February, 2025.

Click Here To Listen

Where Is Wendy Speaking Next?

We're excited to be hosting a series of property education events throughout 2025.

Kicking things off on Monday 17th February is our 'First Home Buyer Roadmap' - an in-person event that you just can't miss if you're a first home buyer.

In collaboration with Jo Attard, Mortgage Broker at Heart Financial, we'll unpack all the key things first home buyers need to know before they buy their first property.

Details and bookings are in the link below!

Date: Monday 17th February 2025
Time: 6.15pm for 6.30pm start (2 hour run time)
Venue: Heart Financial, Level 6, Suite 602/6-22 Gladstone Street, Moonee Ponds

Click Here For Details And Bookings

In a market like this one, I’d want someone in my corner that I could trust, representing my best interests.

Would you?

Give us a call, we are here to help.

Need a Hand? Contact Chamberlain Property Advocates

Whether you're buying or selling, independent property advocates are there for YOU.

Click below to see how our property advocates can make your property journey so much easier.

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What Our Happy Clients Have To Say...

We love hearing what our happy clients have to say about their experiences with Chamberlain Property Advocates. We helped home buyers in Brunswick West purchase a home off-market. Here's what they had to say:

"Thanks Wendy. I found it really really useful and amazing actually because we've been looking for a while and struggling to find something we wanted. So it was really incredibly helpful to have you, Wendy, kind of discuss what we wanted exactly and what we were looking for. You just worked so hard to present us with so many options and we finally found something relatively quickly, because we were very picky, and you somehow found us exactly what we wanted. So, we're very happy with the process.

I think the best thing was the fact that we are very busy and we don't have a lot of time. We're very time poor, so you kind of did all of the leg work and the ground work and you just made our life so much easier. You also managed to find us something off-market that we never would have found by ourselves, so yeah we're really grateful for that."

Home Buyers, Brunswick West

At Chamberlain Property Advocates, we find it immensely satisfying working with buying and selling clients alike. Let us help you too!

Hear What Our Other Happy Clients Have To Say

Wendy's Tips

Buying a home or investment property can be a very rewarding experience. But it can also be quite scary and stressful if you don't know what you are doing.

If you want your property journey to be more fun than fearful, you need education and information from an independent source!

Chamberlain Property Advocates' in-person education events and social media tips deliver the professional advice and insights you need to feel confident about the home buying process.

Need a hand? Give us a call.

Wendy Chamberlain, Buyer's Advocate

Seeking the support and guidance of a buyers or sellers advocate is always a good idea. We help to take the stress out of buying and selling property! It always pays to have an expert in your corner.

Please call the office on 03 9686 2288, book a time to chat here or send an email to enquire@wendychamberlain.com.au and we can make a time for a confidential chat. Obligation free!

We'd love to help and make things easy for you too.

With gratitude,

GPO Box 2000
Melbourne VIC 3001
AUSTRALIA

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