Hi Everyone,


Welcome to the July issue of our newsletter.

Good news! At its meeting today, the Reserve Bank of Australia decided to lower the cash rate by 25 basis points to 3.50%, effective 6 June 2012. We now wait with interest to see what the lenders do with their home loan rates.

A major decision has recently been made as part of the NSW Budget. The first Home buyers grant of $7,000 is about to come to an end on 30 September 2012. This leaves a 10 week window of opportunity for any potential first home buyers to exchange on an existing property and still receive the $7,000. Government assistance will now be about "new dwellings" and not "existing dwellings". For more information in relation to the new scheme please read the first article below or should you have any further questions please do not hesitate to contact us as the new rules are relatively complex.

Also in this issue we discuss about switching home loans in order to get a better deal and all about the pros and cons of paying more off your mortgage or diverting it into your super. With the end of the financial year here, make sure you have all your property investment tax strategies in place and for a bit of humour test how strong your brain is.

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



First homebuyers grant doubled in NSW Budget

Read time: 1 minutes

Under changes announced in the NSW Budget, a New Home Grant of $5000 will be paid to anyone buying a newly constructed home worth less than $650,000 and from October 1, the First Home Owners Grant will go to $15,000 and then continue at $10,000 from January 1, 2014 for first time buyers of new properties...

Express Interest Read Full Article

Switching Home Loans

Read time: 2 minutes

Your home loan might have been the best one you could get when you took it out but it can pay to think about switching to a new one.

Express Interest Read Full Article

Super vs Mortgage

Read time: 1 minutes

The pros and cons of paying more off your mortgage or diverting it into super needs to be weighed up, but with both strategies the winner could be your financial future.

Express Interest Read Full Article

Tax Strategies for Property Investors

Read time: 1 minutes

With the end of financial year looming, make sure you have all your property investment tax strategies in place...

Express Interest Read Full Article

How strong is your brain?

Read time: 1 minutes

A bit of fun to check your brain strength...

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
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