As part of the 2022-23 Budget, the NSW Government announced that eligible first home buyers will have the choice of a smaller annual property payment (ongoing land tax) or a traditional upfront payment (stamp duty) for properties with a purchase price of up to $1.5 million. Legislation recently introduced to parliament proposed first home buyers.

You may have read the recent article in Daily Mail Australia outlining how a property investor who bought his first two-bedroom unit at the age of 18 after saving for the deposit on a $26,000-per-year McDonald’s salary has purchased an additional 12 homes in just six months. Eddie Dilleen, from Mt Druitt in western Sydney,.

In NSW landlords are responsible for ensuring their property meets the minimum requirements of having at least one working smoke alarm installed on every level. For shared houses, it is now law to have smoke alarms in every bedroom and fines will apply to owners of these types of buildings which aren’t compliant. What is.

There’s no hiding from the seemingly grim headlines at the moment; the Reserve Bank of Australia (RBA) raised its cash rate yet again this month to 25 basis points to 2.6%, and CoreLogic reported a further fall in housing values through the first month of spring, with the national Home Value Index (HVI) recording a.

With interest rates on the rise, many investment property owners may be looking at ways they can increase their rent. If improvements are made to a property, rent can be increased, so long as it’s fair and timely – read our blog about rent increases. The best time to renovate a property is when a.

Strata is an Australian concept allowing individual ownership of a property (often referred to as ‘a lot’) within a complex, but at the same time, having shared ownership in common areas and common facilities of the complex. The community comes with its own rules and regulations, but there are three distinct property management areas in.

Pests are, well a pest for both landlords and tenants alike! The landlord does have a responsibility to ensure a property is pest free before it is tenanted, but it’s also the tenant’s responsibility to ensure the property is kept in good condition to limit the chances of a pest infestation. Types of pests The.

They say the best things come to those who wait… and never a truer word when it comes to property; the recent Core Logic report reviewing the past 30 years of property values shows just how significantly housing values have changed over time. Using an analysis of value index which takes into account house characteristics,.

With the RBA lifting its benchmark interest rate by 1.75 percentage points since its first rate rise in May, many investors may be getting jittery. Investors do need to keep a cool head in these times, and one of the ways of doing this is to actively look at how you can reduce the impact..

The recent Mortgage and Finance Association of Australia’s (MFAA) report has revealed mortgage brokers arranged seven out of every ten (69.5%) new residential home loans settled during the first three months of 2022; with brokers accounting for around half (52.1%) of all new loans settled two years ago, this is highest proportion of property buyers.