The new NSW Government implements an updated First Home Buyers Assistance Scheme, that came into effect on the 1st July 2023, moving the threshold for stamp duty exemptions from $650,000 up to $800,000, and the threshold for stamp duty concessions from $800,000 to $1 Million. This change to stamp duty will allow thousands for First…
Investing in Housing Read More »
The NSW Government has passed legislation making the changes to provide First Home Buyers with the choice of either paying a lump sum transfer (Stamp Duty) or an annual property tax on purchasing a property up to $1.5 million. The initiative lowers the up-front costs associated with purchasing a home and is intended to boost…
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Selling your property can be an exciting time but if you are not sure where to begin, sometimes emotions can take over and make the process feel complicated and some-what stressful. A good start point to make a property move is knowing what the market looks like. This will help you understand what you can…
Thought about Selling your Property ??? Read More »
The NSW Government is launching a shared equity scheme for eligible participants, paying a proportion of the property purchase price in exchange for equivalent ownership share of the property. No repayments will be required on the equity contribution, no rent, no interest charged whilst remaining eligible for the scheme. Voluntary reparents can be made to…
Shared Equity Scheme Read More »
PEXA Property and Mortgage insights reports that buyers splashed out on Australian property, summing to a total of $688.7B. The value of sale settlements jumped nationally by $251.0B, being an increase of 57.3% on 2020.
Despite lockdowns, property market activities and prices continue to climb. Property listed are seeing record views with buyers moving fast in order to be successful. Buyer demand for property remains strong and is continuing to push prices higher. Investors are responsible for the growing demand, with First Home Buyers winding back.
The slightest variance in interest rates can make a difference, in thousands of dollars over the life of a home loan. Compare mortgage rates and keep tabs on whether interest rates are trending up or down. With competitive rates and affordable payment terms looking for the best interest rates may save you money.
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Reminder that as from the 1st August 2021, thresholds will revert to the previous parameters: New Homes valued less than $650,000, full exemption from transfer duty applies New Homes valued between $650,000 and $800,000, concessional rate of duty applies Vacant Land valued less than $350,000 full exemption from transfer duty Vacant Land valued between $350,000…
First Home Buyer Assistance Scheme Read More »
The Reserve Bank has left the official interest rate at a record low of 0.1% for the eighth month running, after meeting on the 6th July 2021. While there is no change to the cash rate target, the RBA has signaled that a rise may still come a little earlier than first indicated.
RBA Holds Interest Rates Read More »
Government announced it’s approach is to enable banks to lend to people who have not be able to save a house loan deposit. First Home Buyers 5% Scheme, rebranded as New Home Guarantee for 10,000 eligible First Home Buyers. New Family Home Guarantee is designed to assist eligible single parents buy a home with a…
Federal Budget 2021 Read More »
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All Rights Reserved
Website by Oddball Marketing
