Category Archive: Buying Property

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Sep 16 2015

Sydney median house price now $1,017,500 at July 2015

Sydney House 1Mil July 2015

What can you buy in Sydney for the Median House Price The median House Price for Greater Sydney is $1,017,500, as at July 2015 This is above twice the Median House Price for the whole of Australia, which stands at $505,000 The other Major Capital Cities are: $683,000 Melbourne $561,500 Darwin $520,000 Perth $487,500 Brisbane …

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For Books with Free Delivery to Australia: BookDepository UK and USA

Jul 18 2015

Stamp Duty on Australian House Purchase

Australian Property Stamp Duty Rates at July 2015 Stamp Duty is paid on most House Purchases in Australia There are a few exceptions, and the rate is NOT the same in each state. Examples of the differences on Stamp Duty on Residential property for each state in 2015 Stamp Duty rates on Residential Homes valued …

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For Books with Free Delivery to Australia: BookDepository UK and USA

Jul 03 2013

House Prices UK – Australia 2013

Time to revisit the House Price comparison between our two countries again. Using figures from the ABS and the BBC, I have calculated some ‘interesting’ housing cost comparisons: Cost of Detached Houses by Square Metre of living space: UK Detached Houses are £4,345 per sm or 8.5 weeks wages per square metre Brisbane Detached Houses …

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For Books with Free Delivery to Australia: BookDepository UK and USA

Mar 20 2013

Average Price of Detached Houses in Australia

In the quarter ended June 2012, the average price of a DETACHED residential dwelling for each of the Capital Cities was: $605,200 Sydney with 10,114 sales $480,000 Melbourne with 11,638 sales $437,000 Brisbane with 5,792 sales $385,000 Adelaide with 3,713 sales $500,000 Perth with 5,436 sales $330,500 Hobart with 644 sales $547,000 Darwin with 345 …

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Sep 01 2011

Brisbane homeowners suffer greatest losses in Australia

RP Data-Rismark Hedonic Home Value Index, released 31st August 2011, show that the annual price movement for Brisbane was a drop of 6.6% for the 12 months to July 2011. This drop was the largest for all cities in Australia. The median price for Brisbane is now $420,000. This figure is 5.54 times the Queensland …

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Jun 14 2011

$17,000 grant for a new home in Queensland

The Queensland budget, announced 14th June 2011 has stated that a $10,000 grant will be available for constructing, or buying, a new home up to the value of $600,000, if contracted between 1 August 2011 and 31 January 2012. This will be in addition to the Federal Governments $7,000 First Home Buyers Grant. First home …

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Jun 14 2011

Stamp Duty on Queensland Property

Stamp Duty when buying Queensland Property has for some time been calculated according to THREE options: A New Home buyer A Residential Home owner A Property Investor The new home owner received a duty free threshold, whereby they paid no Stamp Duty. The Property Investor paid a full rate of Stamp Duty. The Residential Home …

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Jun 09 2011

Mortgages in Australia

About two thirds of Australians own, or are buying, their own property. From 1986 to 2006 the rate of Home Ownership has remained at 70%, however, the rate of Home Ownership without a Mortgage has dropped from 39% to 35%. Home Ownership rates in 1986 70% Owned with or without a mortgage 39% 1,981,900 Private dwellings …

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May 18 2011

Buying a House in Australia

Buying a House in Australia How to buy a House in Australia Rules apply on who is allowed to purchase property, although any Australian Citizen or Permanent Resident of Australia can a buy a house in Australia without any restrictions. Each State has its own rules and regulations on purchasing property. What may be correct …

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May 18 2011

First Home Owners Grant FHOG in Australia

First Home Owners Grant for Home Buyers in Australia What is the First Home Owners Grant The First Home Owner Grant (FHOG) is a national scheme funded by the Australian states and territories and administered under their own legislation. It was originally introduced on 1 July 2000 to offset the effect of the GST on …

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May 18 2011

Stamp Duty on Australian House Purchase 2008

Buying a House : Stamp Duty Stamp Duty or Transfer Duty Stamp Duty or Transfer Duty is normally payable when you buy a property in Australia. This is a STATE based tax/duty, and as such this may be different in each of the Australian States. There are a few web calculators about that will give …

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May 18 2011

Property for Sale in Western Australia

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