Welcome To PropertyStampDuty.com.au

RBA Monetary Policy Meeting

The Reserve Bank of Australia recently had their July policy meeting in which the current state of both the domestic and international financial markets was under discussion.

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Prices Shrink, So Do Units

With prices of off-the-plan apartments decreasing, the size of the inner-city units being sold is decreasing as well. For the third quarter of 2010, the median entry price for a one-bedroom apartment property went down by 1.3 percent to $380,000 and down 0.52 percent to $526,250 for a two-bedroom property.

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Using a Mortgage Broker

Borrowers seek the services of mortgage brokers to have an access to a wider range of mortgage deals to get the best service possible. A mortgage broker has the ability to negotiate with a wide selection of lenders to get all of the loans that they offer. These lending firms can be banking institutions or private lending ones.

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Credit Impaired Loans

You may apply for a non-conforming or credit-impaired loan if you would like to remove past negative financial marks or poor credit ratings. As long that you can repay the loan, your application will be approved.

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Beat Interest Rate Rises

The RBA have again increased interest rates, putting a strain on everyone’s budget. 
Here are some tips to make the best of interest rate increases.
1. Work on your budget.  Plot out possible shake-ups before rate increases happen. Working on your budget according to present rates and make another budget with rates that are two percent higher than the current rate. If [...]

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Property Stamp Duty

Need help finding the right loan or working out your stamp duty?

Visit eChoice and use there free Stamp Duty Calculators and other Home Loan tools or to talk with an experienced Home Loan Consultant about your options - it's Online, it's Easy & it's Free!

As Mark Twain famously proclaimed there are two certainties in life: "death and taxes", and much to the exasperation of the home-owner there will always be situations when the tax office will come knocking at the door following the purchase of a home to collect the stamp duty.

What is Stamp Duty?

Stamp duty is a tax levied upon the sale of shares and property to cover the cost of the legal documents of such transactions. It is levied by the respective state governments and cuts in it various rates depending upon which state you reside.

Stamp Duty Exemptions

Stamp-Duty exemptions or stamp duty concessions will vary from state to state, but if you are a first-home buyer or have purchased a home below the requisite threshold you may not have to pay stamp-duty. Also it could be possible that you are eligible for some stamp-duty concessions.

For instance, in Tasmania, purchasers who are eligible for the First Home Owners Grant are eligible to receive a maximum stamp duty concession of $4,000 for the purchase of owner occupied property valued up to $350,000.

In South Australia, Properties with a purchase price or value of $80,000 or less will receive a full concession of Stamp Duty. The amount of the concession is reduced from 100% to 50% when the value of the property is between $80,001 and $100,000. The concession will remain at 50% where the property is valued at between $100,001 and $150,000.

If you want a guide on how much stamp-duty you might hypothetically have to pay, then you may find this stamp-duty calculator useful in providing an estimate of stamp-duty costs incurred.

Visit eChoice and use there free Stamp Duty Calculators and other Home Loan tools, mortgage refinancing or to talk with an experienced Home Loan Consultant about your options - it's Online, it's Easy & it's Free!