Which is best – new or old?
Whether you’re looking at buying a property for an investment or for a home, we’re often asked what type of property is best – and older, existing one, or a brand new or relatively new property? Well, like everything in property, it depends! If you’re looking for a home, one factor will be your.
New stamp duty policy for first time home buyers
We recently reported on the potential changes to stamp duty for first time home buyers, which would see significant increases to the threshold. These came into play on Saturday 1 July, with the threshold for stamp duty exemptions increasing from $650,000 to $800,000 and the threshold for stamp duty concessions rising from $800,000 to $1.
Three home renovations that add value
According to a recent survey, we are a nation who loves home renovation! Compare Market Australia’s latest research found that Australia had the third-highest search volume for renovation terms, with an overall search term volume of 55.32 searches per month per 100,000 people. New Zealand come in first, followed by Singapore. When renovating a home,.
The difference between growing wealth and making money
We all want to make money, and we all want to grow wealth, but there is a difference between the two. When the rental income is more than the outgoing costs to run an investment property, then obviously, the investor is making money, and there are some property investors who generate a good passive income.
A guide to house viewing etiquette
While viewing a property is an essential part of the property selling and buying process, they do present a bit of an unusual social situation – after all, we don’t usually walk into a stranger’s home and poke round their property; likewise, we don’t usually throw open our home and invite the person off the.
Stamp duty exemptions set to rise for first home buyers
Although a bill was passed late last year to give first home buyers the option to pay an annual land tax instead of stamp duty on properties up to $1.5 million, this is expected to be abolished and be replaced with increased stamp duty exemptions instead. Instigated by the then Liberal government, under the First.
The Federal budget 2023-24 – what it means for property
With the Federal Budget 2023-24 aiming to help Australians with the cost-of-living and easing pressure on low-income earners, here are some of the announcements affecting property investors, renters, and social housing. Increase in rent assistance The Commonwealth Rent Assistance’s (CRA) rates increase of 15% will benefit around 1.1 million households. Support for build-to-rent projects To.
Home Guarantee Scheme expanded
From 1 July this year, more Australians looking to buy their first home will benefit from the expanded eligibility criteria for all elements of the Home Guarantee Scheme. What is the Home Guarantee Scheme (HGS)? The Home Guarantee Scheme (HGS) is an Australian Government initiative to support eligible home buyers to purchase a home sooner..