Hi Everyone,


At its meeting today, the Reserve Bank of Australia decided to once again leave the cash rate unchanged at 2.5%.

There is great news for first-time homebuyers with the NSW state government budget delivering a $100K windfall on the $15,000 First Home Owners Grant. Therefore, if you are buying your first home, it is time to celebrate. The latest NSW budget allows you to purchase a newly built home priced up to $750,000 and still qualify for the $15,000 First Home Owners Grant (FHOG). That is $100,000 more than if you bought your new home in June! The catch is that you must be an Australian citizen or permanent resident to qualify for the grant in the next 12 months. Grants will also be restricted to one grant per person, per year from 1 July 2014.

In this issue we show you why properties in Sydney's inner ring offer the best long-term return, why the housing bubble is getting bigger as the house price-to income ratio is rising and we show you the pros and cons of increased foreign investment in Australian residential property. In addition, we discuss why Chinese investors are seeking Australian and New Zealand properties as a safe investment haven with solid returns and for a bit of a brain teaser see if you can complete our Sudoku puzzle in under 3 minutes. Good luck!

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



Sydney Realty

Read time: 3 minutes

... Inner ring the best bet in Sydney and here's why

Express Interest Read Full Article

Is the Australian Housing Bubble getting BIGGER ?

Read time: 2 minutes

... with genuine worry that its house price-to-income ratio is rising

Express Interest Read Full Article

Australian Residential Property

Read time: 3 minutes

- and Foreign Investment ... the pros and cons

Express Interest Read Full Article

Chinese investors seeking Australian and New Zealand properties

Read time: 2 minutes

... as Australia is considered a safe property investment haven with solid returns

Express Interest Read Full Article

SUDOKU #6

Read time: 3 minutes

... spend 3 minutes to test your brain power

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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