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 […]
Did you know that for many Australians, buying a home is the most expensive thing they’ll ever spend money on! When you own a home, you have to be responsible with your money. For 30 years, you’ll have to pay a portion of your monthly salary towards your mortgage. When you borrow money to buy
Typically lasting between one to five years, the interest rate on a fixed-rate loan cannot increase during that time. Your payments won’t change during the fixed-rate period, no matter what happens to interest rates in the market. Should I Fix My Home Loan In 2023? Your home loan goals and financial situation will determine
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
While in previous economic shocks the property market has done well, there is no clear cut proof of how it would do during a pandemic. That is clear now is that sales on the property have plummeted. Experts believe this is a short-term occurrence, and that it will bounce back quickly, even if house prices
Should first home buyer dive into the market amidst COVID-19 pandemic 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.
It is never easy for the first time especially purchasing a home which could be the biggest transaction in your life. Below are few tips we think might help to prepare you for it. Check out our snapshot of the usual costs involved in purchasing a home: 1. Costs that are ongoing Charges in
Great Tips for People Buying A Home for the First Time in Australia Read More »
Here is a list of things that you need to take into consideration whenever you purchase your first home. Purchasing your first home can be memorably significant milestone for any Australian. Just like a lot of people’s best achievements in life, you can get there if you think about it carefully and plan strategically. According
