Whether you’re buying a property to live in or to invest in, unfortunately, it’s not just the price on the tag you have to pay; there are some additional costs you’ll have to budget for. #1 Transfer Duty (formally known as Stamp Duty) Formally known as stamp duty, transfer duty can significantly add to the.
The Newcastle Herald recently highlighted the Newcastle median house price has surged past $700,000 for the first time and the city’s annual growth rate is outstripping rises in all state and territory capitals. Latest figures from property analysts CoreLogic show the value of a typical house in Newcastle and Lake Macquarie jumped 3 % in.
*First Home Buyers can get up to $70,000 in savings *Subsequent Home Owners can get $25,000 The State and Federal Governments are handing out money and savings to Home Buyers in 5 Different Funded Schemes Home Builder Home Builder provides eligible first and subsequent owner occupiers with a grant of $25,000 to build a.
There is no doubt at all that COVID-19 has affected the property market, and while there is uncertainty about Australia’s economy, and some may adopt a ‘wait and see’ attitude, there are opportunities to be had right now for home buyers. Interest rates remain at a historic low This week the Reserve Bank of Australia.
We are still seeing plenty of buyers being very active especially since we started being allowed to do open homes again in May, and we have the national data to prove it! The latest CoreLogic data show Home sales have risen, with home owners testing the market, and more properties coming onto the market. In.
Thinking of diversifying your property portfolio? Commercial property might be an avenue worth exploring. Commercial property does offer some great returns and while commercial property leases do often take a bit of negotiation as there are more points to consider compared to a residential lease, commercial leases tend to be for much longer; in fact,.
From the practical to the ‘must have’, if you’re thinking of selling your house this summer, here are some features currently in favour with the Aussie homebuyers: Sustainability With an increasing awareness of our environmental footprint and rising energy costs, sustainability is increasingly becoming important. Over the past couple of years or so, we’ve found.
Thanks to the Australian Prudential Authority (APRA) loosening restrictions on how mortgage lenders assess a customer’s ability to meet repayments, first time homeowners have just received another helping hand to get them on the property ladder! Generally, the industry standard for banks to evaluate a home buyer’s borrowing capacity is based on a minimum interest.
Congratulations on deciding to buy a property. Now comes the big task of finding a home or investment property that matches your needs and budget. There’s a sea of options before you and somewhere among them is that perfect property waiting to be transferred to you. Between identifying the perfect property and acquiring it, there.
Apartments can offer some very attractive opportunities for investors, the first one being they are often an affordable entry point into the investment property market. However, like every property, there are some factors you should consider before putting in your offer. You want to be sure you’ll get some return on your investment with the.