Should I Fix My Home Loan?
Every day home owners ask the same question when choosing between a variable interest rate or a fixed interest rate… “Should I fix my home loan?” About 8 or 9 out 10 people I ask don’t actually know their current home loan rate. And more often than not, they’re paying a higher rate than they need […]
Genuine Savings for Home Loans explained (and how to avoid it)…
If you’re considering purchasing a home soon, you’ll need to understand how genuine savings for home loans works. What is genuine savings? Genuine savings has quite a simple definition with every lender (despite each lender being able to have their own definition): Money you’ve actually saved, and can prove you saved it. Equity in a […]
How to Calculate NSW Stamp Duty
Updated 10 September 2020. Read this article if you want to learn about calculating Stamp Duty in New South Wales. Or you can use the online stamp duty calculator to find out how much you’ll pay. Important notes about NSW Stamp Duty First Home Buyers of new or existing properties may receive a concession or exemption of […]
NSW First Home Owners Grant
Updated 10 September 2020. How much is the NSW First Home Owners Grant? The current NSW First Home Owners Grant is $10,000. Important FHOG NSW eligibility criteria: You must be a First Home Buyer that’s building a new home up to $750,000 in value (combined value of land and buildings). First Home Buyers purchasing a […]
How to Calculate QLD Stamp Duty
Updated 7 September. Read this article if you want to learn about calculating Stamp Duty in Queensland. If you just want to know how much you’ll pay, use the online stamp duty calculator. Important points to note about QLD Stamp Duty Investors pay the standard rate of stamp duty Eligible Home Buyers will receive a discount off […]
How to Calculate ACT Stamp Duty
Updated 7 September 2020. Read throughout to learn about how to calculate ACT stamp duty or just use the online stamp duty calculator. Important points to note about ACT Stamp Duty The ACT Government call it Conveyance Duty. The Home Buyer Discount for purchases of a home (Home Buyer Concession Scheme) has very specific eligibility criteria […]
The ACT First Home Owners Grant
How much is the ACT First Home Owners Grant? The ACT First Home Owners Grant (FHOG) was previously $7,000 but does not apply for purchases after 30 June 2019. The FHOG has effectively been replaced by the Home Buyers Concession Scheme which provides an exemption of stamp duty for those that are eligible. Previous ACT […]
The QLD First Home Owners Grant
Updated 7 September 2020. How much is the QLD First Home Owners Grant? If you purchase your First Home in Queensland from 1 July 2018, the First Home Owners Grant is $15,000. Important FHOG eligibility criteria: First Home Buyer must be buying or building a new home less than $750,000 in value. Eligible property must […]
The VIC First Home Owners Grant
Updated 3 September 2020. How much is the VIC First Home Owners Grant? For metro areas of Victoria the First Home Owners Grant (FHOG) is $10,000. For regional Victoria the FHOG has increased to $20,000 from 1 July 2017 until 30 June 2021. Important eligibility criteria for the Victorian FHOG: Eligible property must be a […]
How to Calculate VIC Stamp Duty
Updated 3 September 2020. Important VIC Stamp Duty notes Home Buyer concessions available. First Home Buyer concessions available. Off the plan concessions for buying off the plan. Use this online stamp duty calculator if just want to find out how much stamp duty you’ll pay. Standard Rate of VIC Stamp Duty (Transfer Duty) Stamp Duty really is […]