Westwood Conveyancing

Hi Everyone,

Giddy up! It's that time of year again - Melbourne Cup day.

Welcome to the November issue of our newsletter.

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

In this issue see what 10 things you should know of the true cost of buying a home, we show you 3 things you can do right now to prepare for an interest rate rise and see why the property industry is running scared on negative gearing. In addition, find out who had it easier when buying in 1990 v's 2018 and read about the tax traps that have been flagged in the First Home Super Saver Scheme.

Owners of certain buildings with external combustible cladding will be required to register their building with the NSW Government. For buildings occupied before 22 October 2018, the deadline for registration is 22 February 2019. For later buildings the owners will be required to register their building within four months of the building first being occupied. See further information by reading this Fact Sheet.

We hope you walked away with a win at the Melbourne Cup!

Kind regards,

Donna Westwood

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

Tel: (02) 9940 4006 | Fax: (02) 9940 3398 | Mob: 0429 912 649
35 Rosamond Street, Hornsby Heights NSW 2077
Westwood Conveyancing | ABN: 68 155 594 602
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DISCLAIMER The information contained in this newsletter is general information only and is based on our interpretation of various topics. It has not been prepared taking into account your specific situation, objectives or needs. You should consider how the information is in anyway appropriate to your own situation before making any decision. You should also seek independent advice from the appropriate professional to assist you with any decision.