First Home Buyers
NSW Stamp Duty Changes: What Are The Benefits?
The New South Wales government is proposing to abolish stamp duty as part of its 2020-21 budget announcement on 17 November 2020. Instead of paying stamp duty upfront, it would be replaced by an annual land tax. Stamp duty is a government tax paid when you buy a property. First...
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Australian Property Market Update: September 2020
Falling home values in Sydney and Melbourne pushed the national housing market into its fifth consecutive month of decline. Six of the eight capital cities had a rise in their home values over the month. Only Sydney and Melbourne recorded a decline of 0.3% and 0.9% in September. There...
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First Home Loan Deposit Scheme: 10,000 New Places Added
The federal government added another 10,000 new places under the First Home Loan Deposit Scheme (New Homes) for first home buyers looking to purchase a new home or a newly built home. Also known as the FHLDS New Home Guarantee, eligible first home buyers can reserve one of the...
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First Home Loan Deposit Scheme: How To Secure Your Spot?
It came as no surprise that first home buyers quickly snapped up all 10,000 places of the First Home Loan Deposit Scheme during the last financial year. Under the scheme, first home buyers with a 5% deposit saved anywhere between $10,000 and $30,000 in LMI fees based on the maximum...
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How Are First Home Buyers Bridging The Deposit Gap?
Seven in ten recent first home buyers (FHB) did not fund 100% of the deposits from their savings, according to The Genworth First Home Buyer Sentiment Report. To bridge the deposit gap, both recent first home buyers and prospective first home buyers are increasingly looking for...
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Property Market Predictions – QBE Report 2019
According to QBE’s Australian Housing Outlook 2019-2022, house prices across all the capital cities are set to grow in the next three years. With Brisbane house prices expected to grow by as much as 20.3%, it may very well be the next property hotspot, it is followed by...
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Are Honeymoon Rates Really All They’re Cracked Up To Be?
Buying a home can be rather expensive when you consider the costs involved and the expenses are at their peak during the first few years of home ownership. A honeymoon rate, or an introductory rate, is a special interest rate discount offered on some home loan packages for a...
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