First home buyers getting back in the market as price growth slows

Source: AFR 6/12/2017 Su-Lin Tan The proportion of first home buyers entering the market has risen strongly year to date after the introduction of stamp-duty concessions, marking the highest rise in four years, a survey by Bankwest says. Higher rates payable by investors and interest only borrowers have also helped tilt the market back toward the … Read more

Understanding first home owner grants and concessions

  Clients of mine recently purchased an apartment off the plan for $550,000 in Melbourne. As (1) they had never owned property in Australia (2) the property they were purchasing had never previously been lived in and (3) the property was valued at under $750,000, they were entitled to a $10,000 First Home Owners Grant from … Read more