Tower & London Weekly Brochure - 25th Of November 2020

WEEKLY BROCHURE 

Stamp Duty is to be Replaced by Property Tax In NSW 

as Part of a Major Property Tax Reform 

In last week’s State Budget the NSW Treasurer, Dominic Perrottet, 

announced that the Government is embarking on a public 

consultation process in relation to the reform of property taxes in 

NSW –replacing stamp duty with a small annual property tax on an 

opt-in basis. NSW stamp duty on property purchases dates back to 

1865 and is considered to be outdated and inefficient, as its high costs 

have a negative impact on buyers looking to enter the market. For 

example, the median cost of buying a new home in Sydney is slightly 

more than $1.1 million, therefore attracting approximately $40,000 in 

Stamp duty. A prohibitive expense for many first-time buyers. While 

first home buyers may be eligible for a full or partial exemption on 

transfer duty, the home value must be $800,000 or less. Well below 

the median price of a home in Sydney. Additionally, the majority of transactions take place between 

existing home buyers, which wouldn’t qualify for any type of duty exemption. 

This form of tax is also highly volatile in periods of stagnant transaction activity. As a way to stimulate 

activity the State Government tends to cut stamp duty, resulting in a large revenue drop for the 

government coffers and subsequent negative budgetary impacts. Conversely, when property sales are 

booming, money flows in to its coffers and they spend like drunken sailors. This change will provide the 

government a much more reliable and efficient stream of income in the long-term. 

It is proposed that buyers will be given an option to either pay the current stamp duty or opt for a longterm 

annual property tax, to prevent double taxation. This will undoubtedly present a short-to-medium 

term problem for the government, as the more people choose to pay annual property tax, revenue will 

drop in the intervening period. The proceeding decades will likely witness Sydney property stock where 

half of properties pay property tax and the other half upfront stamp duty. These issues are likely to 

surface when the government embarks on a consultation process. 

House prices may rise a little higher in the first years of the new system, because buyers can afford a bit 

more. However, in the long-term the average price of housing would likely fall as more retirees consider 

downsizing, thus unlocking large properties and increasing supply. Additionally, young couples that may 

have purchased an apartment for their first home, would likely be encouraged to sell their first apartment 

to buy a larger home, as their family grows. To cover the revenue shortfall, the state government is 

encouraging Victoria and Queensland to join in these reforms in order to make a case to the federal 

Government for assistance in funding the scheme in the intervening years. 

Article written by John Tower 

25th of November 2020 

Sources: Realestate Institute of NSW , The Guardian. 

T O W E R & L O N D O N 

For more info visit 

www.towerlondon.com

PROPERTIES FOR LEASE 

10/27-31 Reynolds St, Cremorne 

Perfectly positioned apartment in a quiet street, this property is 

conveniently situated near direct bus routes into the Sydney CBD, 

Neutral Bay and Cremorne shops as well as local restaurants and cafes. 

The apartment features two double bedrooms with built-in wardrobes, 

a spacious bathroom with a bathtub, an internal laundry, a great kitchen 

with plenty of storage including a dishwasher and an open living and 

dining area. Have the added advantage of a balcony that captures the 

views over the waters of Long Bay to the Northbridge Golf Course. 

2 1 1 

FOR LEASE 

$500PW 

1007/138 Walker St, North Sydney 

Located on the 10th floor is a delightful one bedroom apartment 

opening onto a wide balcony and a generous living space with a 

contemporary kitchen. The Belvedere is arguably the best residential 

building in North Sydney; suitably located on the edge of the CBD and 

in the heart of the new residential precinct of this wonderful city. 

Nothing is too far; from the best of private and public schools to all the 

services that one needs; all at the door step. The belvedre has a 

rooftop resort like swimming pool, gym, outdoor decking with 

breathtaking views. 

1 1 - FOR LEASE 

$525PW 

27/191-195 Walker St, North Sydney 

This voluminous apartment opens onto a fabulous view, high above 

Sydney Harbour; and the other end, onto tree tops. Three balconies 

ensure plenty of outdoor access; the living area is massive taking most 

of the views; and the bedrooms are all above average in size. Two good 

bathrooms and a proper laundry. The building is set on large site, 

beautifully landscaped with rainforest palms leading to the outdoor 

swimming pool in a jungle like setting. Double lockup garage completes 

the package. 

3 2 2 FOR LEASE 

$1050PW 


To enquire please contact Nicole Zheng 

M: 0438 077 451 I E: nicole@towerlondon.com

PROPERTIES FOR LEASE 

510/18-24 Railway St, Lidcombe 

2 2 1 

The Kee Lidcombe is a brand-new, sophisticated building in a 

convenient central location. Located steps from the Lidcombe train 

station, the city is easily accessible. You’re able to enjoy the 

convenient village setting and numerous local amenities such as 

Sydney Olympic Park, botanical gardens, and a variety of delicious 

restaurants nearby. Apartment features include: 2 spacious 

bedrooms, 2 bathrooms and 2 car spaces, dedicated study, large 

balcony, bosch appliances and high quality finishes throughout the 

home. 

FOR LEASE 

$550PW 

E513/3 Carlton St, Chippendale 

This is a truly impressive property in the most sought-after Central 

Park multi award winning concept of integrated living; with beauty 

vibrancy, fashion shops and delectable restaurants; a vertical green 

oasis in the heart of the Sydney’s New Downtown, opposite UTS. An 

open plan completely self-contained apartment leads to a private 

courtyard. 

(Studio, fully furnished) 

- 1 - 

FOR LEASE 

$550PW 

Apply and submit your application here 

What information do we need ? 

Completed application 

Copy of pay slips (2 most recent) 

Copy of drivers licence 

Copy of first page of bank statement 

Copy of your current rental reference and 

ledger 

How do I apply? 

Through t-app: https://tapp.com.au/tl 

(scan code) 

Or one form: 

https://1form.com/au 




PROPERTIES RECENTLY 

LEASED 

102/344-350 Oxford St, Bondi Junction 

LEASED 

Diamond is an immaculate building on Oxford Street. Unit 102 is 

situated towards the side behind Oxford Street providing a sense of 

privacy and getaway from noise. Floor to ceiling height windows 

across the rooms allow for flexibility and create an open plan living in 

which allows for natural sunlight to enter the kitchen, living and dining 

space. Material finishes are of high quality throughout providing 

comfort and style to ones living. 

2 2 1 FOR LEASE 

$880PW 

308/156-158 Pacific Hwy, North Sydney 

LEASED 

Apartment 308 is on the northern corner of the third floor, east facing, 

bathed with natural day light, filtered by green foliage outside.Wide 

timber floors line the corridors and living space, opening onto the 

winter garden with floor to ceiling glass windows; smart and efficient 

kitchen design; cupboard laundry with washer/dryer installed; bright 

bedroom with ample wardrobe space; modern bathroom with 

sufficient storage. Secure parking completes this attractive apartment. 

1 1 1 

312/138 Walker St, North Sydney 

LEASED 

This one bedroom and one bathroom apartment is the perfect size 

providing comfort to ones living. The bedroom is spacious in its size 

and includes a built in wardrobe and an ensuite with downlight 

features and clean finishes. The living space opens up towards the 

balcony providing ample natural sunlight to enter the dining, kitchen 

and living throughout the day. Enjoy being situated within North 

Sydney CBD whilst living away from the hustle and bustle of the city, 

the balcony provides a nice outlook towards the surrounding treetops. 

1 1 - DEPOSIT RECEIVED 




GENERAL INFORMATION & 

UPDATES 

COVID-19 SAFETY RESPONSE FOR PROPERTY INSPECTIONS 

For more info please visit https://www.nsw.gov.au/covid-19 

Please wear a mask, we will also provide some for those who don't have one. Our 

Property Managers will also wear one throughout the inspection 

Please do not attend the inspection if you have any flu like symptoms or feel unwell. We 

are more than happy to re-schedule 

We will provide hand sanitiser at every inspection, please use this before you enter the 

property 

Please minimise / avoid touching surfaces throughout the inspection. If you do, ensure 

you sanitise afterwards 

WEEKLY ARTICLES 

New addition 

As part of our weekly brochures we aim to not only provide information on our current listings for 

sales and rentals, but also information around various topics in relation to the property market. 

If you would like to hear about a specific topic relative to the property market, please send your 

suggestions to alicia@towerlondon.com. 




PROPERTIES FOR SALE 

SOLD 

19 Gleneagles Ave, Killara 210 Victoria Rd, Gladesville 

1 bedroom and 2 bedroom 

308/156-158 Pacific Hwy, 

North Sydney 

5 3 2 apartments for sale. 

1 1 1 

SOLD 

2502/30 Glen St, Milsons 

Point 

3 3 2 

SOLD 

23/210 Victoria Rd, 

Gladesville 

3 2 2 

SOLD 


Gladesville 

1 1 1 

Scan to view brochures 

EASTGARDENS 

WOLLSTONECRAFT 

1407/128 Banks Ave, 

Eastgardens 

3 2 2 

1 

12/5-7 Rocklands Rd, 

Wollstonecraft 

1 1 2 


For sales enquiries please contact John Tower 

M: 0408 216 979 I E: john@towerlondon.com

GLADESVILLE 

APARTMENTS FOR SALE 


Gladesville 

6/210 and 14/210 Victoria 

Rd, Gladesville 


Gladesville 

$768,700 $943,500 (U6), $974,500 (U14) $628,000 

1 1 1 1 

2 2 1 

1 1 1 


Gladesville 

$943,450 

8/210 and 16/210 Victoria 

Rd, Gladesville 


Gladesville 

$933,880 (U8), $1,011,000 (U16) $618,800 

2 2 1 

2 2 1 

1 1 1 

Aspect of units U5 (N), U6 (NE), U7 (NE), U8 (NE), U11 (N), U14 (NE), U16 (NE), U20 N) I Prices include GST I For more info please contact John Tower 

For more information 

on VIA Gladesville 

More info on the 

developers and builders 

Subscribe to our newsletters 

Keep updated on new listings 

and sales, Simply scan the QR 

code! 




GLADESVILLE 

MONTHLY UPDATE 

Welcome to this months update for November! Number of enquiries have increased over the past 

month as well as private presentations. If you would like more information about this development or 

request a private presentation and view the model please email John Tower. 

Construction Progress 

Construction is progressing quickly with level 4 underway. Images taken below from the 20th of 

November. 

Exterior shot from the Western Crescent 

Fourth level is currently being constructed. 

View from Victoria Rd 

Construction in action 

Pre-fabricated concrete panels for the structure 

are being placed in position. 

Entry into the lobby 

Staircase leading up to the entry into the lobby 

and commercial / retail below. 




DESIGN & 

REFURBISHMENT 

CURRENT DESIGN & REFURBISHMENT PROJECTS 

2502/30 Glen St, Milsons Point 

Project management 

187 West St, Crows Nest 

Common area 

Bay Rd, Waverton 

Spatial layout, strata submission 

& project management 

237 Miller St, North Sydney 

Courtyard - staircase & 

balustrade design 

138 Walker St, North Sydney 

Tower & London office 

refurbishment 

Coming soon 

PREVIOUS DESIGN & REFURBISHMENT PROJECTS 

1/104 Bay Rd, Waverton 165 Walker St, Office Cope Lane, Lane Cove 


For design & refurbishment enquiries please contact John Tower 

M: 0408 216 979 I E: john@towerlondon.com I E: alicia@towerlondon.com

MEET THE TEAM 

John Tower 

Managing Director, L.R.E.A, Licensed Valuer 

John Tower has extensive experience in the property industry in both 

Residential and Commercial capacities. He has spent the past 24 years 

concentrating on residential property sales, predominantly to investors on 

the North Shore and among other achievements, managed one of the most 

successful real estate agencies: Tower & London. 

Nicole Zheng 

L.R.E.A | Senior Property Manager 

Over the course of 19 years’ experience in the real estate industry, being 

able to work overseas in Hong Kong and Shen Zhen, Nicole has gained 

valuable insight and knowledge in property market that she is able to offer. 

Based on her strong commitment in her role, she ensures that decisions 

made are at the upmost best interest of all her clients. 

Fernando Santana 

Property Manager 

Fernando takes special care to look after properties under management 

and provide owners and tenants with quality service. Prior to joining Tower 

& London, he worked in commercial real estate brokerage and property 

management in New York City and Los Angeles, respectively. He’s currently 

pursuing a Master of Property Development and Investment at the 

University of Technology Sydney and holds a Bachelor of Finance from 

Baruch College of the City University of New York. 

Alicia Sithisakd 

Property & Marketing Assistant 

Alicia has completed her degree in Interior Architecture and is currently 

studying her Masters in Property and Development at UNSW whilst gaining 

experience with Tower & London. Her passion lies within the built 

environment industry and she takes on her experience as an Interior 

Designer into the property industry, she's also planning on working towards 

becoming a licensed agent. 



www.towerlondon.com

OUR SERVICES 

Commercial and residential 

Property sales 

Property management 

Leasing 

Valuation 

Interior design & refurbishment (spatial planning, project management, furniture and material 

selection) 

Apply and submit your application here 

What information do we need ? 

Completed application 

Copy of pay slips (2 most recent) 

Copy of drivers licence 

Copy of first page of bank statement 

Copy of your current rental reference and 

ledger 

How do I apply? 

Through t-app: https://tapp.com.au/tl 

(scan code) 

Or one form: 

https://1form.com/au 

Interested in leasing out or selling your property? 

Commercial and residential 

Our team comprises of unique individuals from various backgrounds in valuation, property 

management, property development and architecture and design to ensure that we provide high 

quality service to our clients. 

Exclusive top spot advertising on Domain 




Services 

Property valuation I Property management I 

Corporate and residential leasing I Property sales 

Design and refurbishments 

Tower & London Pty Ltd 

138 Walker St, North Sydney NSW 2060 

ABN 63 089 321 120 

Ph: +61 2 8904 1318 Fax: 8904 1306 M: 0408 216 979 

@towerlondon_realestate @Tower & London Pty Ltd @Towerlondonrealestate 



www.towerlondon.com

Tower & London Weekly Brochure - 25th Of November 2020

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