New property changes come into place on 1 July 2016.
Australian residents buying or selling real property with a market value of $2 million or more need to be aware of new rules which come into effect on 1 July 2016.
http://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/53838-property-101-the-ato-2-million-prestige-property-sale-new-rules.html
