Changes to the First Homeowners Grant (FHOG)

A subtle and unpublicised change to the first homeowners grants (FHOG) is set to have an impact on the demand for newly built homes. I would encourage all first homeowners to visit the website of Victoria’s State Revenue Office to gain clarification on what homes are eligible for the FHOG. The major change is in relation to what constitutes a new home.

Geelong Remains Undervalued

An interesting article by BMT tax depreciation specialists in which their key message is that ‘property investing in 2018 will be a little different to what we have experienced in the past.’   One of the key changes is an investors ability to secure a loan. In recent years, the Australian Prudential Regulation Authority (APRA)[…..]

Some Welcomed Incentives for First Home Buyers

Incentives for First Home Buyers   July 1st brings first home buyers some welcomed incentives. The initiative is 2-fold and offers advantages to those purchasing existing homes, along with new builds. It will give first home buyers a helping hand, by reducing the upfront costs of purchasing a home.  The exemption and concession are applicable[…..]