Hi Everyone,


Welcome to the June issue of our newsletter.

At its meeting today, the Reserve Bank of Australia decided to leave the cash rate unchanged again at 1.5%.

As of 1 July 2017, if the sale price on a contract exceeds $750,000 then you might be up for a 12.5% CGT withholding tax which will be payable on settlement. Australian residents selling property will need to obtain a CGT Withholding Clearance Certificate prior to settlement to ensure that they do not incur the 12.5% CGT withholding tax. Currently the sale price must not exceed $2,000,000 and the CGT withholding tax rate is 10%.

The State Government has recently announced that first home buyers will be exempt from paying stamp duty on the purchase of property with a purchase price of up to $650,000 and will receive a discount on their stamp duty for the purchase of property up to $800,000. This will apply to contracts exchanged on or after 1 July 2017.

In this issue we show you what you need to know about switching home loans, we give you seven tips to help first home buyers avoid potentially costly mistakes and for a bit of fun test your knowledge by completing our trivia quiz.

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



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

7 Tips to help you avoid potentially costly mistakes with your first purchase

Read time: 3 minutes

Do you want to get the best deal possible ?

Express Interest Read Full Article

Trivia Quiz

Read time: 3 minutes

... how good are you - just select your category

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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