With the financial year-end behind us, now is the ideal time to get organised and make a few new financial year resolutions to get you on your way to reaching your financial goals. Regularly review your finances It’s always good to review your finances from time to time so this year, put a note.
The latest Housing Industry Association (HIA)’s Stamp Duty Watch report (found at www.hia.com.au) shows stamp duty in Australia has doubled in the last 8 years. Stamp duty is the tax paid on any property purchase. It is based on a proportion of a transaction’s value and in Australia, is charged on a sliding scale; property.
Short-term lettings are under the spotlight again following changes to the State’s short-term letting laws. The new rules aim to address impacts such as noise levels, disruptive guests and effects on shared neighbourhood amenities. Strata owner corporations now have the power to introduce by-laws prohibiting the short-term letting of houses or apartments in their block.
Housing affordability has been a hot topic for some time now. You may think you’ll never get to own your own property or move up the ladder, but by making some changes and with a little lateral thinking, there are ways. Interest rates are still low, and if you are a first-time homebuyer, you apply.