Moore, Wesley Howard, Jr. “Wes” 60 of Ocean City, NJ

first_imgMoore, Wesley Howard, Jr. “Wes” 60 of Ocean City, NJ passed away on Monday, February 6, 2017.Wes was born in Somers Point, NJ and was a graduate of Mainland Regional High School class of 1975.He worked as a Bar Manager for Charlie’s in Somers Point, NJ for 39 years.Wes was a fantasy football enthusiast and especially loved his Oakland Raiders. He was an avid golfer, a loving father and uncle, a Disney lover and a fan of “Yes” the band where he attended over 65 live shows in his lifetime.Surviving are two sons, Andrew and his wife Angelina, Wesley III and his wife Amanda and their three children Matthew, Michael and Madeline, his father Wesley Sr. and wife Charlotte, three brothers, Daniel, William, and Garry, his fiancée, Michele Angeli, Donna, mother of Andrew, Missy, mother of Wesley III and several nieces and nephews.A Celebration of his life will be held on Saturday, February 11, 2017 from one until five in the afternoon at Greate Bay Country Club, 901 Mays Landing Road, Somers Point, NJ 08244.Memorial contributions in his memory may be made to the charity of one’s choice or a local youth sports read more

Overseas based investors are selling off Queensland assets because of new taxes

first_imgThe overseas based owner of 39 San Simeon Drive, Clear Island Waters is selling off to avoid higher land tax bills.. Picture: buyers have begun selling off their Queensland property assets following the introduction of a new tax regime.A surcharge on land tax for absentee (foreign) owners was introduced by the State Government in July. That means they are charged 1.5 per cent more land tax than Australian based owners, on property holdings with government valuations of more than $350,000. CHINESE buy 8 per cent of new homes in Queensland Andrew Henderson, principal of John Henderson Professionals Mermaid Beach, has listed three properties where he said the extra tax made the owners consider them no longer a viable investment.He said many of the foreign investors hadn’t realised they would have to pay the additional charges until they received their latest land tax bill.For some owners it could be a substantial additional cost of thousands of dollars. 38 Pintail Crescent, Burleigh Waters has been listed for sale by its Indonesia-based owner. Picture: other property affected by the same issue was also owned by an Indonesia-based investor.The house at 134 Santa Cruz Boulevard, Clear Island Waters was listed for $899,000. It has four bedrooms and is within walking distance of the Surfers Paradise Golf Course.It is rented for $2080 a month. 134 Santa Cruz Boulevard, Clear Island Waters has also been listed for sale by its Indonesia-based owner. Picture:“Regardless whether or not you support the new laws, there is no doubt it is starting to have an effect,’’ said Mr Henderson.center_img A higher land tax bill means the overseas-based owner of 39 San Simeon Drive, Clear Island Waters has decided to sell. Picture:“Anything over land value of $350,000, so when you look at suburbs like Mermaid Beach your average unimproved land value is $1 million, so when you are then talking about (figures like that) it adds substantial costs to the bottom line of the holding costs of that investment property,’’ Mr Henderson said.He said some of the properties were already negatively geared and on top of rates and current land tax charges it made it unviable for the owners.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North3 hours agoNew apartments released at idyllic retirement community Samford Grove Presented by He said ultimately the people who lost out where the tenants of these properties, as it was highly likely they would sell to owner occupiers in the current market.Properties his agency had listed for sale because of the land tax issue included a four-bedroom home at 39 San Simeon Drive, Clear Island Waters. The waterfront home will be auctioned on October 29. It has views of Surfers Paradise and Broadbeach and is on 1005 sq m of land.Mr Henderson said the Singapore-based owner had decided the new land tax charges meant it was no longer a worthwhile investment for him. It has an estimated rental income of $650 a week.A property owned by an Indonesian based investor at 38 Pintail Crescent, Burleigh Waters has been listed for sale for the same reason.The three-bedroom home was tenanted for $470 a week. last_img read more