How does the Super Home Deposit system work?
A first home buyer can use up to 40% of their super balance, up to a maximum of $50,000, to use as part of their Deposit for a home.
They must provide at least 5% of their Deposit from their own savings.… Read the rest
Australian Property Median Value.
According to the latest CoreLogic report, the median value of an Australian property, including freestanding homes and units was $738,975 in March 2022.
The Capital City median values were:
- $1,116,889 Sydney
- $805,232 Melbourne
- $749,293 Brisbane
- $602,717 Adelaide
- $542,338 Perth
- $731,849 Hobart
- $494,635 Darwin
- $932,704 Canberra
Source: … Read the rest
Smoke alarm requirements in Australia.
In general it is the responsibility of all owners and landlords to install working smoke alarms.
Smoke alarm legal requirements can vary in each State of Australia, and the links below show those requirements for the State that you have a property in. A selection … Read the rest
Will Australian house prices fall in 2023?
Some news reports are saying that Australian house prices will fall in 2023, but by how much?
In reality, if the reports are correct, they will fall to a figure only 27% higher than 2019.
The figures being quoted are:
Rise 21% in … Read the rest
Petition EN2793 – Make tiny house living legal.
This is a petition that has been put forward to the Australian government to request that living in Tiny Houses on wheels, the same as living in a Caravan, be treated as a Permanent structure would be treated.
Currently, the rules … Read the rest
Foreign Purchasers of Australian property.
When foreigners purchase property in NSW, they are subject to surcharges in addition to the normal duty payable on property purchases.
These surcharges do not apply to Australian citizens.
They do apply to foreign persons, including foreign individuals, corporations, trusts and governments.
What is a
… Read the rest
Median Australian Dwelling Values at 30 April 2021
The median value of Australian dwellings, as at 30 April 2021, was $624,997. This is a rise of 7.8% over the year.
The median for all Capital Cities was $705,375, a rise of 6.4% over the year.
The median for all Regional … Read the rest
Australian Property Stamp Duty for Foreign Buyers in 2021.
If you are not an Australian Citizen, or do not hold Permanent residency, you may be treated as a foreign citizen when buying a House in Australia.
You are a foreign individual if you are not an Australian citizen or permanent … Read the rest
Median Rental Costs in Australia, 2020.
These are the median weekly rental costs for residential accommodation in the major capital cities of Australia, at December 2020.
$470 Units (Apartments, Town Houses etc)
$338 Units (Apartments, Town Houses etc)
$400 Units (Apartments, … Read the rest
Earlier this year, in May 2020, there were statements that property prices could drop by 20%.
This caused a lot of excitement for prospective buyers at the time.
What has happened though?
Australian Property Prices still Rising.
Most cities have continued with increasing median prices, ranging from annual increases of … Read the rest