STAMP duty is back on the table for first-time buyers of existing property after a long exemption period and come October 1, those purchasers will no longer be eligible for a $7000 cheque from Mr O’Farrell to ease the homebuying squeeze.
For a $300,000 purchase, NSW home buyers will need to front up $8990 in stamp duty on existing properties before even getting the keys to their new front door. Continue reading Stamp duty back on the table
Forgetting to factor in the added costs of buying a property can be one of the biggest mistakes investors can make.
Following these tips will help ensure you avoid any nasty surprises. Continue reading Buying a property – the hidden extras
When you are thinking about a budget for a house you’re going to buy, there are 2 main money questions to think about.
The first question is “How much?” and the second is “When?”. Continue reading Plan before buying a house
The state government has set an end-of-year deadline on its stamp duty concessions for first-home buyers wanting to buy second-hand homes.
The move is a welcome boost to the spring property market, with first-timers likely to stampede the affordable end of the general property market in order to capitalise on the current stamp duty savings. Continue reading Build it or lose it: government sets deadline for stamp duty concessions
We’re frequently asked to explain the stamp duty conecessions for new home builders which were introduced last year by the NSW Government, under the NSW Home Builders Bonus (HBB), to stimulate the construction of new homes in NSW.
HBB provides a full exemption on stamp duty for purchases of vacant land where a new home will be built, homes bought off the plan (e.g. apartments) and purchases of new homes by over 65 year olds who sell their current residence. The concessions apply to transactions completed after 1 July 2010. Continue reading NSW Home Builders Stamp Duty Concessions