So many coming back!!
#31
Victorian Evangelist
Joined: Sep 2005
Location: Melbourne, by the beach, living the dream.
Posts: 7,704
Re: So many coming back!!
Originally Posted by wmoore
In today's Courier Mail (can't be bothered to search for the online link) a report is saying that 1/4 - 1/3 of the cost of buying a house is going on government charges (read: tax). So if you buy a $450k house, you hand over $150k in tax.
Cheers
Buzzy
#32
Re: So many coming back!!
Originally Posted by Buzzy--Bee
Are you sure about this Wayne? 6% on stamp duty, GST on Solicitors fees, survey etc, these could all be counted as tax. But 25 - 33%? You don't think it meant that 1/4-1/3 of the cost of moving was tax as opposed to the actual purchase price of the home?
Cheers
Buzzy
Cheers
Buzzy
Taxes add to affordability problem
March 28, 2006
Government taxes and charges are adding up to 34.8 per cent to the cost of buying a new house says consultants UrbisJHD. In Melbourne government charges contributed over $91,000 or 24 per cent to the cost of a typical $366,000 house and land package, up from $37,000 in 2000. In north west Sydney government taxes and charges added $198,000 or 34.8 per cent to the cost of a home. GST on construction costs was the largest contributor to the tax take
#33
Joined: Oct 2005
Posts: 9,066
Re: So many coming back!!
Originally Posted by Buzzy--Bee
Are you sure about this Wayne? 6% on stamp duty, GST on Solicitors fees, survey etc, these could all be counted as tax. But 25 - 33%? You don't think it meant that 1/4-1/3 of the cost of moving was tax as opposed to the actual purchase price of the home?
Cheers
Buzzy
Cheers
Buzzy
#34
Australia's Doorman
Joined: Jan 2005
Location: The Shoalhaven, New South Wales, Australia
Posts: 11,056
Re: So many coming back!!
Originally Posted by annqldau
I've just bought a house and at no time can I remember anyone mentioning 1/3 to 1/4 as the stamp duty... buggered it it is.
Initial Requirements (assuming sale price of $399,000):
Stamp duty: $13,445
Legal fees: $800
Loan application fees: $655
Total: $14900
So that'd be 3.75% ...
I'd say you were right mate ... lot of bollocks being talked on this thread ...
#35
Pass The Post
Joined: Mar 2003
Location: Ping Ponged York via Melbourne and now pinged to Ferny Hills, Brisbane
Posts: 1,177
Re: So many coming back!!
Originally Posted by Hutch
For a NSW house we're looking at ...
Initial Requirements (assuming sale price of $399,000):
Stamp duty: $13,445
Legal fees: $800
Loan application fees: $655
Total: $14900
So that'd be 3.75% ...
I'd say you were right mate ... lot of bollocks being talked on this thread ...
Initial Requirements (assuming sale price of $399,000):
Stamp duty: $13,445
Legal fees: $800
Loan application fees: $655
Total: $14900
So that'd be 3.75% ...
I'd say you were right mate ... lot of bollocks being talked on this thread ...
If you read it correctly from the newspaper report it is talking about new builds and the government tax they are talking about includes GST charged on the construction of the house Not just stamp duty
#36
Banned
Joined: Feb 2006
Posts: 880
Re: So many coming back!!
in west australian today:
house: $373,700
stategovrnnmentcosts[stamp duty,land tax and infrastructurecosts]$22,731
federalgovernment costs [gst and company tax]$36,157
local govrnment costs $614
other costs [compliance fees ,building code of australia ,and other costs at all levels of government ]$26,607
TOTAL CHARGES $86,109
how factual these figures are i wouldnt know
house: $373,700
stategovrnnmentcosts[stamp duty,land tax and infrastructurecosts]$22,731
federalgovernment costs [gst and company tax]$36,157
local govrnment costs $614
other costs [compliance fees ,building code of australia ,and other costs at all levels of government ]$26,607
TOTAL CHARGES $86,109
how factual these figures are i wouldnt know
#37
Re: So many coming back!!
Originally Posted by HiddenPaw
GST on construction costs was the largest contributor to the tax take
#38
Re: So many coming back!!
Originally Posted by Mrs JFW
Where are you off to next time Libby?
We are off to the Goldcoast. We did visit there on the way back to the UK and fell in love with the greeness and tropical look of Queensland. We stayed up at Noosa Heads and it was lovely. We knew then we had made a mistake but thats life and you learn by it and just get on with it. Roll on June 1st!!
LibbyX
#39
Account Closed
Joined: Sep 2005
Posts: 3,997
Re: So many coming back!!
Originally Posted by wmoore
In today's Courier Mail (can't be bothered to search for the online link) a report is saying that 1/4 - 1/3 of the cost of buying a house is going on government charges (read: tax). So if you buy a $450k house, you hand over $150k in tax.
http://www.theaustralian.news.com.au...E25658,00.html
#40
BE Enthusiast
Joined: May 2004
Location: Ples bilong mi
Posts: 523
Re: So many coming back!!
Originally Posted by Margaret2
Oh God , wish i hadn't read this thread, i really don't need this just now :scared:
Read the good and the bad, Margaret. Then have a good long think, or really don't think about it. Just put it in the back of your mind and let your subconscious work on it. It is better @ long term processing multiple threads than your conscious mind.
If you are going into a Project like this with a positive frame of mind, you have started on the right track.
And remember, no-one has died of a spider's bite for the last 30 years.
#41
Re: So many coming back!!
Originally Posted by thatsnotquiteright
Hevs I loved that post you did (last year) when you agreed with me (oh no!) and said "you either get it or don't get it". I was like, at last, someone knows what I was trying to get at all those years ago! I think that is more important than rose tints, or lack thereof.
#42
Re: So many coming back!!
Originally Posted by jlkk
Hi Mrs JFW,
We are off to the Goldcoast. We did visit there on the way back to the UK and fell in love with the greeness and tropical look of Queensland. We stayed up at Noosa Heads and it was lovely. We knew then we had made a mistake but thats life and you learn by it and just get on with it. Roll on June 1st!!
LibbyX
We are off to the Goldcoast. We did visit there on the way back to the UK and fell in love with the greeness and tropical look of Queensland. We stayed up at Noosa Heads and it was lovely. We knew then we had made a mistake but thats life and you learn by it and just get on with it. Roll on June 1st!!
LibbyX
best of luck then Libby!
#43
Australia's Doorman
Joined: Jan 2005
Location: The Shoalhaven, New South Wales, Australia
Posts: 11,056
Re: So many coming back!!
Originally Posted by joh117
If you read it correctly from the newspaper report it is talking about new builds and the government tax they are talking about includes GST charged on the construction of the house Not just stamp duty
Oh ... and if it's under 500k and your first home, the stamp duty gets waived in NSW.
#44
Forum Regular
Thread Starter
Joined: May 2005
Posts: 81
Re: So many coming back!!
Originally Posted by moneypen20
You will find that there are various reasons for moving back to the UK. Some people suffer such homesickness, they are physically ill, others, who have never been to Aus, or even if they have been here on holiday, find that living here is totally different and not what they want. Others just can't find work and so can't afford to stay. With these reasons, no matter how hard the sun shines, it is just not worth it.
There is no way of knowing if you are going to suffer home or people sickness until you have been away, with no prospect of getting back regularly.
For some reason Perth and Adelaide seem to have more than their fair share of returnees, but people from other places go back as well. You will also find that however much they hated it, or it didn't work for them, they are grateful they tried it. Quite a few get back to the UK and decide that Aus was what they wanted afterall and head back again.
Please don't judge others. We are all individual and have different wants and needs.
There is no way of knowing if you are going to suffer home or people sickness until you have been away, with no prospect of getting back regularly.
For some reason Perth and Adelaide seem to have more than their fair share of returnees, but people from other places go back as well. You will also find that however much they hated it, or it didn't work for them, they are grateful they tried it. Quite a few get back to the UK and decide that Aus was what they wanted afterall and head back again.
Please don't judge others. We are all individual and have different wants and needs.
Wrong end of the stick, i would never judge anyone for anything, i may be in the same position one day, i was just reading the coming back thread thinking how ironic. I read posts on this forum quite often and although i dont know anyone i get just as excited for them when they get the big 'YES' and when i read about people being homesick and unhappy i feel for them too. I totally understand that it is something you will never know until you've tried it and hats off to everyone for trying whether it works for them or not.
Carol
#45
Forum Regular
Thread Starter
Joined: May 2005
Posts: 81
Re: So many coming back!!
Originally Posted by TraceyW
I'm not having a dig at you, I'm just telling you as it is. THIS IS NOT UTOPIA. IT IS JUST AS HARD TO SURVIVE OUT HERE. Like the old saying goes "never judge a man until you've walked a mile in his shoes"
carol