First home buyers in NSW will now have the choice of making an up-front stamp duty payment or opting into an annual property tax.
The choice will initially be made to first-home buyers purchasing a property up-to $1,500,000, for both owner occupiers and investment properties.
Whilst the scheme will be available from January 16, 2023, eligible first home buyers who sign a … Read the full post »
Sydney house prices have had their steepest annual fall on record, declining 10.9 per cent last year as rising interest rates took a toll on buyer demand and spending power.
Sydney’s median house price fell more than $170,000 to $1,413,658 last year, the latest Domain House Price Report, released on Wednesday, shows.
However, the pace of declines slowed in the December quarter … Read the full post »
Downsizing contributions into superannuation
If you have reached the eligible age, you may be able to contribute up to $300,000 from the proceeds of the sale (or part sale) of your home into your superannuation fund.
The eligible age is as follows:
From 1 January 2023, 55 years old or … Read the full post »
First Home Buyer Assistance Scheme
If you’re a first home buyer, you may be entitled to a concessional rate of transfer duty or even an exemption from paying it altogether under the First Home Buyers Assistance scheme (FHBAS).
Unlike the First Home Owner Grant, the FHBAS applies to… Read the full post »
Sydney house prices have had their steepest annual fall on record, declining 10.9 per cent last year as rising interest rates took a toll on buyer demand and spending power.
Sydney’s median house price fell more than $170,000 to $1,413,658 last year, the latest Domain House Price Report, released on Wednesday, shows.
However, the pace of declines slowed … Read the full post »
Rising interest rates have caused a dramatic downturn in property sales over the past 12 months as many Australians hold out for the cash rate to stabilize.
The Reserve Bank of Australia has hiked the nation’s cash rate eight times in the past year from a historic low of 0.1 per cent to the current 10-year high of 3.10 per cent…. Read the full post »
While property markets have cooled and homes are now taking longer to sell, there are suburbs where eager buyers are snapping up properties as soon as they’re listed.
Analysis of the latest data shows what’s true of the market as a whole doesn’t necessarily hold up at a suburb level.
In many standout suburbs, competition to buy remains fierce and properties are … Read the full post »
Josh Saliba & Thomas Merriman
As you know we have recently co-listed 9 properties on Mount Pleasant Avenue in Normanhurst with Thomas Merriman from Ray White Upper North Shore. These properties are owned by the Seventh-Day Adventist Church, they lease these homes back to nurses, doctors and students that work at the Sydney Adventist Hospital and attend university … Read the full post »
According to the national CCCI, residential construction costs increased by 11.0% over the 12 months to September, exceeding the 10% annual rise recorded over the 12 months ending June 2022, while the quarterly figure of 4.7% was higher than the previous quarterly figure of 2.4%. The most recent quarter’s figure was also above the 3.8% surge recorded over the … Read the full post »
1. INVESTIGATE THE UPFRONT COST
The purchase price – If you’re not paying for the property outright (which many don’t), you’ll generally need to take out a loan, with lenders often asking for a minimum 10% to 20% deposit.Loan application fee – This generally … Read the full post »