The new NSW Government implements an updated First Home Buyers Assistance Scheme, that came into effect on the 1st July 2023, moving the threshold for stamp duty exemptions from $650,000 up to $800,000, and the threshold for stamp duty concessions from $800,000 to $1 Million. This change to stamp duty will allow thousands for First […]
The NSW Government has passed legislation making the changes to provide First Home Buyers with the choice of either paying a lump sum transfer (Stamp Duty) or an annual property tax on purchasing a property up to $1.5 million. The initiative lowers the up-front costs associated with purchasing a home and is intended to boost […]
Selling your property can be an exciting time but if you are not sure where to begin, sometimes emotions can take over and make the process feel complicated and some-what stressful. A good start point to make a property move is knowing what the market looks like. This will help you understand what you can […]
The slightest variance in interest rates can make a difference, in thousands of dollars over the life of a home loan. Compare mortgage rates and keep tabs on whether interest rates are trending up or down. With competitive rates and affordable payment terms looking for the best interest rates may save you money.
Reminder that as from the 1st August 2021, thresholds will revert to the previous parameters: New Homes valued less than $650,000, full exemption from transfer duty applies New Homes valued between $650,000 and $800,000, concessional rate of duty applies Vacant Land valued less than $350,000 full exemption from transfer duty Vacant Land valued between $350,000 […]
Proposed changes to Stamp Duty, may provide freedom to choose paying Stamp Duty upfront or paying a smaller annual property tax. Removing the upfront Stamp Duty cost, removes thousands of dollars from the home purchase process making home ownership more achievable. This proposed change is only if purchasing. There is no change if you have […]
You can’t be certain of anything in property development; except taxes. It comes in many forms; however, Stamp Duty seems to be a particular cause of confusion and stress for a majority of property purchasers. In this article, we clear up the clutter so that you may better understand how much tax you are required […]