vacant land

Budget 2022-2023 – Home Ownership in reach for more Australian’s

The Government announced to do more to help ease entry barriers, putting home ownership in reach for more Australian’s. Key Points: The Government will be expanding the Home Guarantee Scheme for eligible home buyers to 50,000 places per year; New Home Guarantee will run for a second year, enabling first home purchasers to build a…

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Interest Rates

The Reserve Bank has left the office interest rate on hold at the historic low of 0.25%.  This now marks the seventh month in a row without a change!  This decision means that the interest rate on loans remains stable assisting households and businesses.

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Land Value and Rates

Local Councils use The Valuer General land value to distribute rates across their local government areas.   The Valuer General does not set rate fees for councils.  Changes to land value may not necessarily lead to changes to local council rates.  Local Councils choose a combination of rate charges and fees for it’s area and community…

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First Home Owners are better prepared to purchase

First home buyers are continuing to stake their claim on markets across the country with many usurping their competition by being better prepared to purchase. The latest Australian Bureau of Statistics figures show that about 18 per cent of all housing finance commitments is to first homebuyers. Lending landscape Lenders now require more information, including…

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