Amid all the fees and charges of a home loan comes stamp duty. Also called transfer duty, this one-off state and territory government tax levy applies to several everyday situations, such as vehicle registrations and insurance policies. However, stamp duty is most well known for its application to property purchases, including holiday homes, investment property and vacant land. With the high...
When choosing a company to manage your investment, it's crucial to select more than just a babysitter or rent collector. The primary goal is to ensure your asset increases in value year after year through effective asset management strategies. Here's why. You're paying a management firm to oversee a significant part of your future income. If you only need tenant selection and rent collection,...
Settlement day can be a highly stressful, but exciting event, especially for first-home buyers. But preparation is key to a worry-free settlement day. What is settlement? Settlement day is the transfer of a property's legal ownership from the seller, or vendor, to the buyer, and usually occurs around four to six weeks after property contracts are signed. The vendor receives their payment via...
Whether you're a first-time homebuyer, a seasoned investor, or simply curious about the nuances of property transactions, the terminology used in the real estate industry can often seem like a foreign language, leaving many feeling overwhelmed and confused. This guide to some of the most frequently used terms has been designed to help you speak the language more fluently. Credit score Sometimes...
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