The sun rises in the east, Cersei Lannister is straight up bad news and, in other shocking revelations, housing affordability is still making headlines down under. This time, though, it’s for the right reasons. Our friends over the border in NSW have finally received the memo and decided to actively make it easier for First Home Buyers to enter the market.
The ACT already effectively scrapped stamp duty for First Home Buyers, opting instead for a nominal fee of $20. It is with a heavy sense of regret, though, that we admit defeat (by a whole $20).
The NSW government have ditched stamp duty altogether for First Home Buyers on all homes up to $650,000, and introduced discounts for stamp duty on homes up to $800,000. They’ve also increased the surcharge on stamp duty for foreign investors and removed deferred stamp duty payments in a bid to cool the market for entry-level buyers.
But what are we talking in terms of raw dollars with the new legislation? With the market in Canberra continuing to flourish with an ever-increasing population, the median house price is now almost $200,000 more than Queanbeyan’s average of $527,000.
We heard on the grapevine that the powers that be have made some alterations to the Residential Tenancies Act 1997. Chances are, you saw “Residential Tenancies Legislation Amendment Act 2016” and fell asleep by the word “Amendment”. Fear not! The Perspective team has deciphered the at times convoluted legal jargon and compiled a straightforward summary of the changes that could affect you. Continue reading
Nothing excites us at Perspective more than a funky phresh-looking, cleverly-furnished apartment with stacks of hidden storage space. We all want all of the nice things, and when that includes a chic (albeit compact) inner-city apartment, we need space to store our accumulated nice things to live in some sort of comfort.
We did some digging and have unearthed some absolute gems in the way of innovative space-saving storage solutions for those of us feeling buried by our belongings. Here are 5 steps to set you well on your way to that uncluttered, dream loft lifestyle we’re all chasing! Continue reading