March 09, 2017
Victorian Stamp of Approval
First Home Buyers in Victoria are rejoicing after the State Government announced on Sunday that Stamp duty will be abolished for purchases below $600,000 from July 1 2017.
Those buying a home valued between $600,000 and $750,000 will also be eligible for a concession, applied on a sliding scale. The exemption and concession will apply to both new and established homes.
It’s a positive move in the eyes of the Real Estate Institute of Australia, who called for blanket removal across Australia in its 2016-17 Federal Budget submission.
First Home Buyers in NSW needn’t hold their collective breath, as there are still no signs that the NSW State Government will follow suit.
However with the official interest rate left on hold at 1.5% on Tuesday, Australian home owners with a variable mortgage are still ahead.
But no one has a crystal ball.
As we embark on another year of interest rate watching, the most frequently asked question by our MC Sutherland / Cronulla customers is, ‘Should I lock in?’
The answer really depends on your individual circumstances so there has never been a better time to book in for a financial health check. With our full suite of services we can offer comprehensive advice from our brokers and planners, working as your personal finance team.
Give us a call on 9521 1611 or 95234400 today.
It's our job to facilitate you to make better choices for a better life. :)