News Articles For May 2011

Stamp Duty Rates, Discounts & Grants Northern Territory NT

11/5/2020 |

The Northern Territory (NT) currently provides two stamp duty discounts.

Stamp Duty Rates, Discounts & Government Grants Queensland (QLD)

10/5/2020 |

Queensland is rewarding 1st home buyers with stamp duty discounts, lower stamp duty rates, and grants. No help for property investors through.

Stamp Duty Rates, Discounts & Government Grants ACT & Canberra

10/5/2020 |

The ACT is not as generous with their stamp duty discounts and grants as states like Victoria and Queensland. There is a stamp duty discount titled the ‘Home Buyer Concession Scheme’ (HBCS) and the First Home Owner’s Grant is also available.

Can I claim a first home owner’s stamp duty concession on an investment property?

No. The first home owner’s stamp duty discount is called the ‘Home Buyer Concession Scheme’ (HBCS). As suggested by the name if you do not plan to live in the property then you cannot claim the available concession.

Stamp Duty Rates, Discounts & Government Grants Tasmania (TAS)

10/5/2020 |

Update: View stamp duty changes for Tasmania following the Tasmanian 2011/2012 state budget here.

There is 1 stamp duty discount and 1 grant available for Tasmanian property purchasers.

First Home Owner’s Grant

You can get the ‘First Home Owner’s Grant’ of $7,000 only if you plan on living in the property for at least 6 months and the property is not valued at more than $750,000.

Stamp Duty Rates, Discounts & Grants Western Australia WA

10/5/2020 |

Western Australia (WA) rewards home buyers with 2 potential stamp duty discounts and 1 government grant.

Stamp Duty Discounts

If you plan on living in the property you may be entitled to pay stamp duty at a concessional rate if the property is valued at not more than $200,000. If you are a first home buyer you will receive a much better stamp duty discount and pay stamp duty at the ‘First Home Owner Stamp Duty Rates’

You can find these rates below.

Stamp Duty Rates, Discounts & Grants South Australia SA

10/5/2020 |

South Australia offers no stamp duty discounts but is much more generous when it comes to government grants. There are two government grants available and these are only available to first home buyers.

1. First Home Bonus Grant

2. First Home Owner Grant

First Home Owner’s Grant

You can get the ‘First Home Owner’s Grant’ of $7,000 only if:

  • You plan on living in the property for at least 6 months
  • The purchase price is less than $575,000

This grant is part of a federal government initiative and is offered Australia-wide.

Will Fortnightly Payments Reduce My Mortgage Faster Than Paying Monthly?

10/5/2020 |

We thought we would take the time to address a question we are often asked in relation to payment frequency on our downloadable investment calculators: ‘will paying fortnightly mortgage payments reduce my mortgage faster than paying monthly?’

Stamp Duty Rates, Discounts, Grants & Calculator NSW

9/5/2020 |

You can use our Free Online Stamp Duty & Government Grants Calculator to calculate how much stamp duty you have to pay and how much in government grants you can receive.

NSW has one grant and one stamp duty discount remaining for 1st home buyers.

1. First Home Owner’s Grant

2. First Home Plus

What Grants & Stamp Duty Discounts can I get in Victoria?

8/5/2020 |

Want to calculate how much stamp duty you will have to pay and how much in government grants you can receive?

Use the Free Online Stamp Duty & Government Grants Calculator – only on My Money Calculator.

Victoria is pretty generous with its grants and stamp duty discounts at the moment.

Currently there are 4 available:

1. First Home Owner’s Grant

2. First Home Bonus

3. Regional Bonus

4. Principal Place of Residence (PPR)

Property Prices March 2011 Australia

March Quarter 2011 Property Prices

5/5/2020 | The Latest Capital City House Prices Changes For 2011