1.93's A$ to the Pound!!!
Oct 25th 2009, 12:50 pm
#691
Forum Regular
Joined: Oct 2009
Posts: 70
Re: 1.93's A$ to the Pound!!!
1st homebuyers only pay stamp duty on property over $500k in WA, figures for 1st homebuyers:
House Purchase Price: Stamp Duty:
$500k $0
$550k $11,255
$600k $22,510
These figures are from Westpac (dont forget but dont rely on the FHO grant of $7k or $10,500 if signed before 31/12/09 if elligible)
Oct 25th 2009, 1:20 pm
#692
poole ,dorset . love it
Joined: Mar 2007
Posts: 1,281
Re: 1.93's A$ to the Pound!!!
1st homebuyers only pay stamp duty on property over $500k in WA, figures for 1st homebuyers:
House Purchase Price: Stamp Duty:
$500k $0
$550k $11,255
$600k $22,510
These figures are from Westpac (dont forget but dont rely on the FHO grant of $7k or $10,500 if signed before 31/12/09 if elligible)
House Purchase Price: Stamp Duty:
$500k $0
$550k $11,255
$600k $22,510
These figures are from Westpac (dont forget but dont rely on the FHO grant of $7k or $10,500 if signed before 31/12/09 if elligible)
Oct 25th 2009, 8:17 pm
#693
Joined: Jan 2005
Location: Asia Pacific
Posts: 4,922
Re: 1.93's A$ to the Pound!!!
http://www.bloomberg.com/apps/news?p...d=ahqQnqmReY3A
"Investors should sell the pound against the Australian dollar with an initial target of A$1.76 as sterling’s recovery from an over-sold position has ended and the U.K.economy remains in recession, Standard Bank Plc said.
"Investors should sell the pound against the Australian dollar with an initial target of A$1.76 as sterling’s recovery from an over-sold position has ended and the U.K.economy remains in recession, Standard Bank Plc said.
Oct 25th 2009, 8:41 pm
#694
BE Forum Addict
Joined: Dec 2006
Location: Mt Martha, Melbourne
Posts: 1,199
Re: 1.93's A$ to the Pound!!!
Yeah - probably okay for him to say that on his nice fat salary. He wants to be in our position!
Had been fairly confident things were settling down until Friday
Will have to wait and see what the markets do today. Gordon has now PROMISED things will get better...ha ha ha 
Going back to a previous post - oh yes the 17% interest rate, I remember it very well! We had a mortgage where the payment was fixed for a year so as the rates went up the extra interest was stacking up and up. Fortunately we'd both had big rises when it came to pay the new amount and then got out of that mortgage asap as we were with a bank and they just kept the rates high whereas the building societies were at least trying to help their customers. It would really cripple people now as mortgages are so much bigger now if it went that way again - although I'd bet the Aussies would love it.
By the way FTB get no stamp duty help in Victoria - we get the Gov boost plus another grant from Vic gov. For a new build you just pay stamp duty on the land and then you get $25k in state and gov grants (if contracted by end Dec)- helps offset the forex losses a bit!
It's Monday....pound watch time again
Had been fairly confident things were settling down until Friday
Will have to wait and see what the markets do today. Gordon has now PROMISED things will get better...ha ha ha Going back to a previous post - oh yes the 17% interest rate, I remember it very well! We had a mortgage where the payment was fixed for a year so as the rates went up the extra interest was stacking up and up. Fortunately we'd both had big rises when it came to pay the new amount and then got out of that mortgage asap as we were with a bank and they just kept the rates high whereas the building societies were at least trying to help their customers. It would really cripple people now as mortgages are so much bigger now if it went that way again - although I'd bet the Aussies would love it.
By the way FTB get no stamp duty help in Victoria - we get the Gov boost plus another grant from Vic gov. For a new build you just pay stamp duty on the land and then you get $25k in state and gov grants (if contracted by end Dec)- helps offset the forex losses a bit!
It's Monday....pound watch time again
Oct 25th 2009, 8:45 pm
#695
Guest
Posts: n/a
Re: 1.93's A$ to the Pound!!!
http://www.businessday.com.au/breaki...0809-ee0y.html
interesting reading , seem to be different figures than ABCs .
interesting reading , seem to be different figures than ABCs .
The differences are: Average Mortgage and Average New Mortgage.
Obviously the "New" Mortgage would be more relevant for new home buyers.
Average New Mortgages in July 2009
- Australia : $354,137
- NSW : $407,226
- South Australia : $270,179
The numbers of Investors for July has also risen by 20% in the last quarter, showing that they are slowly moving back into the market.
Oct 25th 2009, 8:50 pm
#696
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: 1.93's A$ to the Pound!!!
It's just a different way of doing it and it's not as generous as the other states.
Oct 25th 2009, 9:04 pm
#697
Guest
Posts: n/a
Re: 1.93's A$ to the Pound!!!
If you have at least one child, and you are buying a first home, they do give stamp duty relief.... as long as the house is under $150,000
I wonder how many people actually manage to claim it ?
Oct 25th 2009, 9:13 pm
#698
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: 1.93's A$ to the Pound!!!
Oct 25th 2009, 11:00 pm
#701
Guest
Posts: n/a
Re: 1.93's A$ to the Pound!!!
Oct 26th 2009, 2:43 am
#702
Account Closed
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Posts: 9,316
Re: 1.93's A$ to the Pound!!!
Oct 26th 2009, 2:52 am
#703
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Re: 1.93's A$ to the Pound!!!
Oct 26th 2009, 2:56 am
#704
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: 1.93's A$ to the Pound!!!
So I can definitely see brown grass for Jan-Mar next year.
