Hi Everyone,


Happy New Year! We hope you had an enjoyable time over the Christmas holidays.

Welcome to the January issue of our newsletter.

The Reserve Bank of Australia does not meet in January due to the holiday period. Therefore, we will not be able to advise you of any cash rate movement until next month.

The First Home-New Home scheme provides exemptions or concessions on transfer duty for people who are buying their first home in NSW. This includes buying vacant land on which they intend to build their first home. The First Home-New Home scheme provides eligible purchasers with exemptions on transfer duty on new homes valued up to $500,000 and concessions on transfer duty for new homes valued between $500,000 and $600,000. Eligible purchasers buying a vacant block of residential land to build their home on will pay no duty on vacant land valued up to $300,000 and will receive a concession on duty for vacant land valued between $300,000 and $450,000. First Home-New Home exemptions or concessions do not apply to the purchase of an existing dwelling any more. The First Home Owners Grant scheme of $7,000 will remain in place.

In this issue we explain what you need to do first if you want to sell your property, what is the meaning of "cooling off" and ten things you should pay attention to when buying an older home. We also show you how self-employed people can get a home loan and all about high-density living on the rise.

Please feel free to contact us about any matter - we are always happy to hear from you and to assist!

Kind regards,

Donna Westwood

Westwood Conveyancing

Donna Westwood
Licensed Conveyancer, JP
(Licence No. 1555562)

Tel:

(02) 9940 4006

Fax:

(02) 9940 3398

Mob:

0429 912 649



Want to Sell - What do I do first?

Read time: 1 minutes

Contracts are signed by all parties involved in the transaction. When the seller and buyer have both agreed on a price and the conditions of the sale the contracts are exchanged and dated and the deposit paid by the buyer.

Express Interest Read Full Article

Cooling Off - what does it mean?

Read time: 1 minutes

Every contract for the sale of residential property (less than 2.5 hectares) has a cooling off period of five working days - time for the purchaser to have second thoughts.

Express Interest Read Full Article

10 things you should pay attention to when buying an older home

Read time: 2 minutes

Many people prefer to stick to new homes when buying a residence, saying they look cleaner, have more modern appliances and are less likely to need expensive maintenance in the near future. All very valid reasons but if the suburb you want to live in is an older established suburb, the chances are you will end up buying an older home.

Express Interest Read Full Article

Self-employed - can you get a loan?

Read time: 1 minutes

It doesnt matter how much you earn or how regular your income is: if you are self-employed, that is one more hoop you will need to jump through when applying for a home loan...

Express Interest Read Full Article

High-density living is on the rise

Read time: 1 minutes

High-density living is increasing in popularity as available land close to city centres dries up and single dwelling becomes too expensive, according to RP Data.

Express Interest Read Full Article

Any Questions?

Email Donna Westwood
or call (02) 9940 4006

Biz-e-news

Tel: (02) 9940 4006 | Fax: (02) 9940 3398 | Mob: 0429 912 649
26 Evans Road, Hornsby Heights NSW 2077
Westwood Conveyancing | ABN: 68 155 594 602
© 2018 Westwood Conveyancing. All rights reserved.