In this blog post, we will delve into the details of the new scheme, its potential impact, and compare it to the existing land tax policy. In a significant move aimed at supporting first home buyers and promoting fairness in property transactions, the New South Wales government has announced sweeping changes to its property tax […]
First home buyers can opt this weekend to pay land tax after historic stamp duty laws pass. New South Wales Premier Dominic Perrottet’s long-promised property reforms finally passed parliament, allowing first-time homebuyers to opt out of paying stamp duty in favour of a land tax. But Chris Minns of Labor says that if his party
Teachers, Nurses, Police Officers, Single Parents, and people over the age of 50 are all protected by new shared equity scheme. The NSW Government’s $780.4 million shared equity scheme passed Parliament today. This means that thousands of teachers, nurses, police officers, single parents, and older single people will be able to buy their own home
The government is expanding its first-time home buyer program, which requires only a 5% deposit and no mortgage insurance from the lender (LMI). It plans to increase the number of seats available from 10,000 to 35,000 every year, but it comes with rules on who is eligible and how expensive the houses can be. The
Federal Budget 2022 on expanding First-time Home Buyer program Read More »
Good news: It’s a very positive time to get into the housing market! Firstly, according to the Reserve Bank, interest rates are likely to stay at historically low levels for the next three years. The prediction came from Reserve Bank governor Philip Lowe after the RBA board decided on 6/4/2021 to keep the cash rate at
Government Assistance Schemes: a great time for First Home Owners Read More »
If you’re one of the many out there looking at the market right now – be sure to be on the lookout for home loans offering added incentives. Cashback offers and rebates Cashbacks are a way for a bank or other kind of lender to provide a little bit extra to sweeten the deal on
Cashbacks & Rebates: Home Loans With More To Give Read More »
There are a lot of ways that can provide assistance in funding the purchase of your home. Here is an outline of some of the options that you may consider: 1. Concessions on Stamp Duty There are specific territory and state governments that provide added incentives to people who buy homes for the first time.
