First homebuyers in Queensland won’t pay any stamp duty on purchases of vacant land up to $250,000 under a change announced in the 2009/10 State Budget.
Treasurer Andrew Fraser says the increase in the stamp duty threshold will save first homebuyers up to $5675 on the purchase of vacant land.
Transfer duty for first homebuyers is being [...]
(source News.com.au ==> Mortgage arrears decrease on low interest rate)
“MORTGAGE arrears decreased in the first quarter as cuts to interest rates and the Federal Government’s stimulus payments offset the debt binge that traditionally takes place at Christmas.
“Fitch Ratings said that it was the first time in 10 years of measuring arrears that there had been [...]
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Our supportive team has the GENUINE expertise, accreditation and experience in taxation, investment property services and finance [...]
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The initial decision to purchase a home can be both exciting and extremely daunting. Receiving guidance can make it easier; by steering you through the home buying process, as well as assistance with government programs like the First Home Owners’ Grant Scheme.
The steps for most first home buyers include Plan, Apply, Choose, Make an offer [...]
Saving for your first home can appear daunting, considering that most new borrowers need to save approximately 10% of the home valued in order to get into their first home. So for every $100,000 the property is worth you will need to save $10,000.
On an average property price of $300,000 this means you need [...]
The Reserve Bank has slashed interest rates by 100 basis points to 3.25 per cent. The new rate is the lowest since February 1964.
Economists say by the end of September 2009 the cash rate could hit a record low of 2 per cent.
By David Maynard
David Maynard is committed to assisting others in [...]
We are now entering fiscal policy areas that hasn’t been seen for many years – interest rates declining in three months to the same level they were six years ago. So where will interest rates go from here.
Given the turbulent share market, will the interest rate cuts translate into more money being invested in property? [...]
World economic events during the last six months, in particular, the decline of share prices, has sparked enormous interest and concern for individuals and governments.
Indeed, meetings between heads of government and resulting resolutions on economic strategies is unprecedented amongst leading economies. Implementation of those strategies will impact positively on our economies in both perception and [...]
Co-ownership of investment property is important as it determines the distribution of income or negative gearing loss and or capital gains. Co-ownership can either be joint tenants or tenants in common and is recorded on title deeds.
Co-owners can enter into private arrangements relating to division of property at any given time, but for income tax [...]
