The Australian Federal Parliament has passed the "Help to Buy" legislation, introducing a shared equity scheme aimed at assisting low to middle-income earners in purchasing homes. Key Features of the Help to Buy Scheme: Government Equity Contribution: The government will provide an equity contribution of up to 40% for new homes and up to 30% for existing homes.Eligibility Criteria: Income...
Amenities significantly impact real estate by influencing both the value and attractiveness of a property. Amenities are features or services that enhance the comfort, convenience, and enjoyment of a space or community. They can be offered in various settings, such as residential buildings, commercial properties, public spaces, hotels, and more. Here are some key ways amenities impact real...
Why would I add someone to the title? Adding someone to the title of an asset, such as a house, car, or bank account, can have several implications, depending on your intentions and legal considerations. Here are some reasons why someone might add another person to the title: 1. Joint Ownership Shared Ownership: If you want to share ownership of an asset, such as a house, with another person,...
Stamp duty, also known as land transfer duty, is a tax imposed by the Victorian government when you buy property in Victoria, Australia. The amount you pay depends on several factors including the property's value, the type of property, and any concessions or exemptions you may be eligible for. Key Aspects of Stamp Duty in Victoria Calculation: Stamp duty is calculated as a percentage of the...
Buying your first home is an exciting milestone, but it can also be overwhelming. Here are five tips to help first home buyers navigate the process: 1. Understand Your Budget and Get Pre-Approval Assess Your Finances: Start by understanding your financial situation. Determine how much you can afford by reviewing your income, savings, and any existing debts. Get Pre-Approved for a Loan: Before house...
How can first home buyers utilise the current government incentives? First home buyers can take advantage of various government incentives that help make homeownership more affordable. These incentives vary by country and region, so it's essential to research what's available in your area. Here's how first-home buyers can utilize current government incentives: 1. First-Home Buyer Grants What It Is:...
The popularity of house and land packages. A house and land package is a real estate offering where you buy both a piece of land and a new home that is either already built or will be constructed on that land. This type of package is often marketed by builders or developers and offers several advantages: Convenience: It simplifies the home-buying process by bundling the purchase of land and the...
The benefits of a corner block of land. When sourcing a house and land package, there are many factors to consider. These factors can greatly differ among investors and owner occupiers, but a corner block can offer a number of unique benefits for many property buyers. In this market insight we discuss the benefits of a corner block. The benefits of a corner block A lot more natural...
Here are some uplifting financial quotes from some of the most inspiring and successful people. “Money is only a tool. It will take you where ever you wish, but it will not replace the driver" — Ayn Rand, famous author and philosopher “If you don't find a way to make money while you sleep, you will work until you die.” — Warren Buffet, worlds greatest entrepreneur “Don’t worry...
Many modern new homes come with some fine inclusions, from sophisticated fixture & fittings to textures and colour schemes. The trend of feature walls is one of those finishing touches that can be very aesthetically pleasing. It can completely change the dynamic and feel of a room, space or home. One of the great inceptives to include a featured home is the fact they can be very cost...