Fisrt Time Buyers Stamp Duty in Aus
Apr 17th 2005, 9:49 pm
#16
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Re: Fisrt Time Buyers Stamp Duty in Aus
Originally Posted by Jonahs_mummy
Chris,
On the phone with my mum on the gold coast this weekend & she told me about "DEVINE HOMES" www.devine.com.au who are offering a good land + home package...... subsidised rent for the 6 mths of the build, susbsidised mortgae payment for the 1st year you are in the house & they pay your stamp duty! They have a few developments in Queensland, not sure about anywhere else.
Claire
x
On the phone with my mum on the gold coast this weekend & she told me about "DEVINE HOMES" www.devine.com.au who are offering a good land + home package...... subsidised rent for the 6 mths of the build, susbsidised mortgae payment for the 1st year you are in the house & they pay your stamp duty! They have a few developments in Queensland, not sure about anywhere else.
Claire
x
Apr 17th 2005, 10:00 pm
#17
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Re: Fisrt Time Buyers Stamp Duty in Aus
Sounds a bit too good to be true... make sure you look into it with a fine tooth comb.
Apr 17th 2005, 11:15 pm
#18
Suzy's Mummy too!
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Re: Fisrt Time Buyers Stamp Duty in Aus
Originally Posted by Larissa
Sounds a bit too good to be true... make sure you look into it with a fine tooth comb.
Apr 18th 2005, 12:19 pm
#19
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Re: Fisrt Time Buyers Stamp Duty in Aus
As far as I know the only stamp duty they are talking about abolishing is for finiacial transactions (on mortages, bank accounts, legal documents) and a few states have agred to this.
Stamp duty on property is in a different league as QLD makes about 1$ billion out of this each year so I won't hold my breath about it being scrapped.
Stamp duty on property is in a different league as QLD makes about 1$ billion out of this each year so I won't hold my breath about it being scrapped.
Apr 18th 2005, 12:44 pm
#20
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Re: Fisrt Time Buyers Stamp Duty in Aus
Originally Posted by Jonahs_mummy
Thats what I thought too but have checked out the website & it all seems above board!
Ever heard of negative equity? :scared:
Apr 18th 2005, 1:43 pm
#21
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Re: Fisrt Time Buyers Stamp Duty in Aus
Hi
here's the stamp duty calculator for South Australia:
http://www.brentonward.com.au/inform...mpdutycalc.htm
the stamp duty to be abolished 1 Jan 06 is the one for the Mortgage, not the large one for buying a house!
here's the stamp duty calculator for South Australia:
http://www.brentonward.com.au/inform...mpdutycalc.htm
the stamp duty to be abolished 1 Jan 06 is the one for the Mortgage, not the large one for buying a house!
Apr 18th 2005, 3:43 pm
#22
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Re: Fisrt Time Buyers Stamp Duty in Aus
Originally Posted by MrsDagboy
I wouldnt touch Devine homes with a 10 foot barge pole.
Ever heard of negative equity? :scared:
Ever heard of negative equity? :scared:
A word of warning people, don't jump straight into building with any company till you've been around in Aus for a while. You get to hear a lot of stuff once you're here. (not from the companies themselves, or their websites, but from people that have used them and are in the know
)For anyone coming to Vic, be prepared to feel ripped off, our stamp duty is higher than anywhere else in Aus
You also pay stamp duty on new and used cars too.
Apr 18th 2005, 6:42 pm
#23
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Re: Fisrt Time Buyers Stamp Duty in Aus
Originally Posted by hevs
i thought the exact same thing Mrs DB (thats happening a lot lately )
Please God, make it stop
Apr 18th 2005, 7:25 pm
#24
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Re: Fisrt Time Buyers Stamp Duty in Aus
Originally Posted by gdcollectables
Hi
here's the stamp duty calculator for South Australia:
http://www.brentonward.com.au/inform...mpdutycalc.htm
the stamp duty to be abolished 1 Jan 06 is the one for the Mortgage, not the large one for buying a house!
here's the stamp duty calculator for South Australia:
http://www.brentonward.com.au/inform...mpdutycalc.htm
the stamp duty to be abolished 1 Jan 06 is the one for the Mortgage, not the large one for buying a house!
Blimey! How many types of stamp duty do they have over there
So, just to clarify this, does it mean that even if we WONT be taking out a mortgage to buy a property we still need to pay the stamp duty (in SA)?
Hugs
Karen x
Apr 18th 2005, 7:49 pm
#25
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Re: Fisrt Time Buyers Stamp Duty in Aus
Hi Karen
that's right, there seems to be 'Stamp Duty' on everything and don't forget GST!
(You can still use the Stamp Duty Calculator, without entering a mortgage amount).
that's right, there seems to be 'Stamp Duty' on everything and don't forget GST!
(You can still use the Stamp Duty Calculator, without entering a mortgage amount).
Apr 18th 2005, 8:16 pm
#26
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Re: Fisrt Time Buyers Stamp Duty in Aus
Originally Posted by gdcollectables
and don't forget GST!
Apr 18th 2005, 8:37 pm
#27
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Re: Fisrt Time Buyers Stamp Duty in Aus
TRUE - GST @ 10% doesn't sound too bad 
Recently I moved into a rental and needed contents insurance:
The premium is $340 pa
+ GST $34
+ Stamp Duty $41.15
That's over 22% in taxes
Recently I moved into a rental and needed contents insurance:
The premium is $340 pa
+ GST $34
+ Stamp Duty $41.15
That's over 22% in taxes
Apr 18th 2005, 8:57 pm
#28
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Re: Fisrt Time Buyers Stamp Duty in Aus
Originally Posted by gdcollectables
TRUE - GST @ 10% doesn't sound too bad
Recently I moved into a rental and needed contents insurance:
The premium is $340 pa
+ GST $34
+ Stamp Duty $41.15
That's over 22% in taxes
Recently I moved into a rental and needed contents insurance:
The premium is $340 pa
+ GST $34
+ Stamp Duty $41.15
That's over 22% in taxes
The original plan, when GST was brought in, was for the Liberal Federal Government to give the GST revenue to the Labour run States, in exchange for the States to drop the various smaller stamp duties. The Labor States got the the GST revenue, but the other duties are still here aswell
That's politics
Apr 18th 2005, 9:14 pm
#29
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Re: Fisrt Time Buyers Stamp Duty in Aus
Originally Posted by MrsDagboy
I wouldnt touch Devine homes with a 10 foot barge pole.
Ever heard of negative equity? :scared:
Ever heard of negative equity? :scared:
Apr 18th 2005, 10:51 pm
#30
Jammy Dodger
Joined: Mar 2005
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Posts: 316
Re: Fisrt Time Buyers Stamp Duty in Aus
Originally Posted by ssinnige
Be aware of the whereabouts of your 'first' home. In Qld, the rules are different for the stamp duty and the first home owners grant. For the first home owners grant you must not have owned a home within Australia ever before. While for the stamp duty for first home owners you must not have owned a home ANYWHERE in the world! Your sollicitor should take that into account (as mine did) when you buy a home.
Just to make regulations a bit more exciting for sollicitors they come up with these little issues.
Just to make regulations a bit more exciting for sollicitors they come up with these little issues.
