The State Budget was a big-spending affair and homebuyers didn’t miss out, with off-the-plan purchasers set to save. Meanwhile, stamp duty on homes bought for more than $2 million will increase. So, how will these changes, starting on July 1, effect your purchase? Let’s look at the numbers. New premium stamp duty rate The Government has upped the stamp duty
We have now farewelled one of the strongest Autumns on record, witnessing growth of 5.5 percent in our state’s capital across the months March-May, with sequential increases of 2.4, 1.3 and 1.8 percent respectively; regional Victoria hot on the heels of the big smoke in May, recording a 1.7 percent increase. Melbourne has again shown its resilience, with another lockdown
When selling your home, it’s all about evoking emotion and creating a connection with your home and potential buyers. It’s not about choosing art that appeals to you personally. People don’t want to see walls jam packed with family photos or personal travel pics nor bare, uninviting walls either. The thing you must do is create a warm, inviting interior
If investing in a quality heating system, upgrading your insulation or double-glazing your windows isn’t on the cards this winter, never fear: there are other, cost-effective ways to ensure you don’t feel like Jack Frost has set up home in your abode. Cast frozen toes, fatigue and pesky shivers aside with some foolproof and easy ways to warm up which
It is so easy to update your interiors, now more than ever with the prevalence of online stores and the many homewares stores around but what if you simply don’t have the spare cash right now to update and improve your interior décor? Read on for some super savvy tips on ways you can update without shelling out any cash.
The complexity of depreciation unsurprisingly has many scratching their heads. While investors don’t need to be depreciation experts, BMT Tax Depreciation has answered some of the most common questions on this area of taxation for you. Q. What is depreciation and how does it work? It’s the natural wear and tear of a property and assets over time. While all
April Market Update The first month of Q2 has started off strongly, with no new records set, but performances that have continued to be solid. Houses are selling well at auction, and although Melbourne’s clearance rate for April of 69.9% is 4.4% lower than the result for March, it does reflect a level of consistency. The result is also the
“Unprecedented” was one of the most commonly touted words of 2020, frequently used to describe the events being experienced due to the COVID-19 pandemic. Its use, however, has continued in earnest in 2021, but this time in relation to the increasingly robust activity being witnessed in the Australian property market. 2021’s Q1 results have delivered record outcomes in a number
It’s the tiny number that has a massive impact on our economy – and Australia’s interest rate is expected to stay small for some time yet. The Reserve Bank opted to keep the official cash rate on hold at 0.1 per cent at its April meeting. This was the fifth time the rate was cut or held at the record
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