You’d have to have been living on Mars for the past decade to not be aware that house prices, especially in Melbourne and Sydney, have risen sharply. The combination of extremely low interest rates, a growing population, and in some cases a lack of supply of new homes, has resulted in existing home owners becoming wealthy, at least on paper, and those outside the home ownership club … Read the full post »
Sunday night has arrived and while many people enjoyed a smashed avo on toast and a few coffees down at the local cafe over the weekend, here is some food for thought involving property, coffee and also smashed avo – a hot topic for first home buyers over the last few months.
“How many coffees can buy … Read the full post »
First-home buyers who use their superannuation to purchase their own home could end up with larger ‘nest eggs’ at retirement than if they continued to rent their whole lives, says the REIA.
He said it is “nonsense” to suggest accessing super to buy a home will erode retirement savings, as both comprise the asset pool at retirement.Giving young people access to their own money in a superannuation fund to purchase their … Read the full post »
The NSW government will limit full stamp duty concessions to those buying new homes from 1 January 2012.
First-home buyers currently pay no stamp duty on all properties under $500,000 and receive a discount for properties valued up to $600,000. From January 1 next year, the stamp duty concessions will apply only to newly constructed homes, including those built off the plan.
The move is a welcome boost to the spring property … Read the full post »