Stamp duty or Land tax – what first home buyers need to consider
As part of the 2022-2023 NSW Budget, the Government announced a new $2.8 billion housing package to benefit first home buyers, regional residents and communities across New South Wales. This included $728.6 million over four years to introduce an option for first home buyers; as of 16 January 2023, first home buyers will have the.
What the 2021 census reveals about Australian property ownership
More property owners are relying on lenders, and one in 10 Australians now live in an apartment according to the 2021 Census. Nearly 11 million (10,852,208) private dwellings were counted on Census night in August 2021, an increase of nearly one million (950,712) since 2016. Two thirds of households (66.0 %) own their home outright.
Home Guarantee Scheme expands
Standing by its pledge that a Labor government would help more people get into the housing market, the Albanese Government recently announced the expansion of the Home Guarantee Scheme. As of, 1 July 2022, the Scheme has expanded to include: 35,000 places each financial year to support first home buyers to purchase a home with.
Capital gains vs cash flow income – which is best?
The reason we invest in property is because we want financial freedom, and there are two ways in which you can make money property; capital gains and a regular cash flow income. We’re often asked, which is best? Well, as always, it depends on your financial situation, and what your plans for the future are..
How to plan your move
Congratulations! You’ve sold your house, and you have a completion date. Now you need to plan the move! The chances are we don’t move that many times, so moving house may seem overwhelming; there’s sorting and packing, cleaning, updating contact details, disconnecting utilities, sorting out the kids’ new school, and setting up a forwarding address,.
How to stay ahead of rising rates
With the Reserve Bank of Australia recently increasing the cash rate by a further 50 basis points to 0.85 % – the largest jump in 22 years – many property owners, home owners and investors alike, will be thinking about reviewing their finances. Check the terms of your finance Whether you’re a home owner or.
What you need to consider in an offer
Congratulations, you’ve received an offer on your house. The price is right, so you’re good to go right? Well, not exactly. There are a few other considerations you need to factor in when reviewing an offer, particularly if you’ve received several offers. Each offer should be considered on its own merit and on your personal.
7 steps to selling your home for the best price
Everyone wants the best price for their home, but sometimes the process and advice can be overwhelming; everyone has an opinion on what you should do! Selling your home needn’t be daunting; while there is a lot to consider, it’s easier to manage the process when you break it down into smaller steps. Here are.