First Home Buyer Assistance Scheme Buying your first home can be confusing and stressful, understanding these grants is important to understand where you are at financially. The First Home Buyer Assistance Scheme is the more common scheme especially, in the greater Sydney Metropolitan area and New South Wales. Both these scheme operate to allow a […]
Changes to Stamp Duty from 1 August 2020 during COVID-19
These changes are part of a range of changes made by the New South Wales Government under the COVID-19 Recovery Plan. From 1 August, 2020 and for the next 12 months thresholds for exemption from payment of stamp duty for first home buyers who buy new homes or vacant land. NEW HOMES Pre 1 […]
Deposit Bonds
What is a deposit bond? A deposit bond is essentially like an insurance policy or bank guarantee for money that is need for a deposit when purchasing a property. No money actually exchanges hands, and all purchase funds or monies are dealt with at settlement, when the monies are paid in full the deposit bond […]
Is a reverse mortgage really a good idea?
A reverse mortgage is essentially money being advanced to a person who owns their home. There are no repayments and the loan amount and accumulated interest is deducted from the sale of the property. Reverse mortgages need to be treated with great care, the interest on these lines of credit can be so great […]
Pool Compliance
All properties being put on the market in NSW with a swimming pool or spa must be registered and have one of the following: valid certificate of compliance OR valid certificate of non-compliance OR relevant occupation certificate issued within the last three years. If you fail to attach one of these documents to the sales […]
Which one is right for you? Joint Tenants or Tenants in Common
When you purchase a property there are two main ways to determine the ownership joint tenants or tenants in common. It is not a simple question as to which category of ownership you choose and choosing the incorrect or inappropriate one can have major implications in death, changes of ownership or in the event of […]