Stamp Duty or Land Tax?
Which is best, an upfront Stamp Duty, or an Annual Land Tax, when buying a property?
New South Wales has proposed following the ACT in removing Stamp Duty on property purchases and replacing this with an annual property tax.
Dominic … Read the rest
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
Stamp Duty is paid on most House Purchases in Australia
There are a few exceptions, and the rate is NOT the same in each state.
Higher rates often apply to Homes for INVESTMENT, rather than for a home to live in. Discounted … Read the rest
Stamp Duty is paid on most House Purchases in Australia
There are a few exceptions, and the rate is NOT the same in each state.
$11,650 ACT
$13,490 NSW
$16,515 NT
$ 5,250 … Read the rest
One example for each State, based on a $420,000 property with a $300,000 mortgage gives the following totals for Stamp, Land Transfer and Mortgage Registration Duties.
First Home owners do get various … Read the rest
Once you have decided on the house you want to purchase, you will need to appoint a conveyancer to handle all the legal work for you.
It is best to appoint a conveyancer before you sign a contract to purchase a property, but sometimes you end up finding the right … Read the rest
