Stamp Duty in Victoria – First Home Buyers Take Note!

Brad Ryan – Harcourts Narre Warren South

I have been asked to add to my blog page some information in relation to what the stamp duty amount payable would be for a first home buyer that is of course going to be living in the home as their PPR ( Principal Place of Residence )

I have collected the information below from the SRO website which is listed below for you to click on to gather additional information based on your own individual situation.

http://tinyurl.com/mmjllw ( SRO Website Link )

As always please consult your conveyancer / solicitor as this information is intended as a guide only.

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For Contracts On Or After 6 May 2008

Duties Rates

Tax rate information according to the Duties Act 2000

For the purchase of your home (i.e. Principal place of residence) for contracts entered into on or after 6 May 2008.
Dutiable Value Range	Rate
$0 – $25,000	1.4 per cent of the dutiable value of the property
$25,001 – $130,000	$350 plus 2.4 per cent of the dutiable value in excess of $25,000
$130,001 – $440,000	$2,870 plus 5 per cent of the dutiable value in excess of $130,000
$440,001 – $550,000	$18,370 plus 6 per cent of the dutiable value in excess of $440,000
$550,001 – $960,000	$28,070 plus 6 per cent of the dutiable value in excess of $550,000
More than $960,000	5.5 per cent of the dutiable value

 

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Principal Place Of Residence

What is a PPR concession?

A Principal Place of Residence (PPR) concession is a concessional rate of duty that applies to transfers of property where the contract of sale is entered into on or after 1 January 2007 and the land purchased is intended to be occupied as a PPR.

The applicable concessional rate of duty depends on the dutiable value of your PPR and the date on which the contract to purchase the PPR was entered into.

For contracts entered into on or after 6 May 2008:

Dutiable value of the PPR	Reduced rate of duty	Standard rate of duty	Difference
> $130,000 to $440,000	$2,870 plus 5% of amount > $130,000	$2,870 plus 6% of amount > $130,000	Rate reduction of 1%
> $440,000 to $550,000	$18,370 plus 6% of amount > $440,000		Duty reduction of $3100

 

For a complete range of homes for sale see my website www.bradleyryan.harcourts.com.au

Home For Sale Berwick – 59 St.Boswells Ave Berwick

Auction 15th August 2009

Don’t Hesitate Here.

Come one, come all to see this beautifully presented two story home standing tall in prestigious Berwick, comprising three bedrooms plus study or 4^thbedroom. The master bedroom is secluded upstairs with its own full ensuite and multiple built in robes. Downstairs you are greeted with the kitchen and its generous size meals area, separate family room and formal lounge with its very own cozy open fire place. Extra features include two split system cooling/heating units one in the family room and the other in the master bedroom, great outdoor decked area and great side access through to the barn style garage/shed great for tradesmen and could easily fit a truck/caravan etc.. All this just a short stroll from Eden Rise shopping centre, your inspection will be sure to impress.

Auction: Saturday 15th August at 12.00pm on site.

Terms: 10% Deposit – Balance 120 Days.

Home For Sale Hampton Park – 7 Neesan Court Hampton Park

Must Be Sold! Vendor Says Sell.

AUCTION

 

Must Be Sold! Vendor Says Sell.

 This home spells out opportunity for the first home buyer or astute investor.

 On offer with this young home are:

*Three bedrooms plus study

*Full Ensuite & Walk-in robe to master

*Formal Lounge

*Generous family room / Rumpus

*Outdoor entertainment zone

*Rear Access from the double garage.

* Land size: 500m2 ( approx )

* House size: 21sqs ( approx )

 

Auction:11^th July 2009 at 12.00

Inspect: Saturdays 11.30- 12.00

Terms: 10% Deposit – Balance 30 Days

 For More information please contact Brad Ryan 0412 889 895

Brad Ryan Harcourts – New Listing 34 Seebeck Drv Narre Warren South

Brad Ryan from Harcourts Narre Warren South has just listed this as new and inviting Porter Davis Home. Positioned with-in a easy stroll to local shops and the P12 school make this home suitable for everyone, you even have the bus go pass the front door! For more information and photos of this great home see my website:

Open For Inspection this Saturday 12.30- 1.00pm or by appointment.

www.bradleyryan.harcourts.com.au

Young Porter Davis Home

Brad Ryan Harcourts- New listing 8 Michelle Drive Hampton Park

Brad Ryan from Harcourts Narre Warren South has just listed this great value home perfect for the first home buyer or smart investor. Offering an amazing four bedrooms plus a study / home office this home has to be on top of your list of homes to see this weekend! Located with-in easy access to schools, major highways and Hallam train station make this home suitable for everyone. For more pictures or information see my website www.bradleyryan.harcourts.com.au

Priced to sell super fast with offers over $310,000

First Home Buyers – Grants, Boosts & Bonus!

Well it is with some relief across the industry of real estate that the federal government is going to continue the “boost” for first home buyers in both the established and new homes market. The typical cycle of a slower market place over the winter months will see the government Grant, Boost & Bonus keep the market place buoyant to the more popular spring market for buying and selling.  This is now a great time for first home buyers to grab their very own piece of Australia and take advantage of these large government hand outs and capitalise on the low interest rates on offer through the majority of lending institutions in Australia.

Grant available on this home of $17,000

Below is a summary of the Federal Budget 2009

First Home Owner’s Boost, worth an extra $14,000 for buyers of a newly built home and $7,000 for buyers of existing homes, to be extended until September 30 at the full rate. From October 1, the Boost will be halved to $7,000 for new homes and $3,500 for existing homes, and will no longer be offered after December 31. Original scheme of $7000 for new home buyers to be retained.

Grant available on this home $21,000

 

 

 

 

 

 

 

For a range of established and new homes available to take full advantage of the ongoing Federal Government new home buyers grants see my website www.bradleyryan.harcourts.com.au

 

Brad Ryan Harcourts – New Listing 283 Ormond Road NWS.

Brad Ryan from Harcourts Narre Warren South, has just listed this fantastic opportunity to get your foot in the door to the Narre Warren South marketplace. True four bedroom homes such as this one are getting harder to find, especially the ones situated so close to all the local amenities. For More information & pictures on this home or the many others available through Harcourts Narre Warren South – Look up my website:  www.bradryan.com or drop me a message on brad.ryan@harcourts.com.au

 

Maximising Your Property’s Street Appeal

To help sell your property maximising street appeal is a must – but it doesn’t have to cost the earth.

No matter what the market conditions are, good street appeal is one the keys to attracting buyers.  Not surprisingly the view from the street and the area between the entrance to the property and the front door are crucial.  While out the back may be great, if you don’t get the first two parts right potential buyers may not bother looking further.  The options for improving your property’s street appeal are only limited by your budget and imagination.

Here are a few tips:

*Mow the lawns and trim the edges, sweep the driveway, weed the gardens and prune or remove trees that have got too big or are blocking out valuable light.

 

*If necessary clean out the gutters, water blast paths, driveways, fences and decks and/or freshen up the paint/stain.

 

*Create an appealing entranceway by, for example, using stylish pots, attractive plants and an appealing welcome mat.

 

*De-clutter exterior spaces, for example take away or store elsewhere rubbish bins, bikes or tools normally left outside.

 

*Ensure any outdoor living areas are dressed-up with nice outdoor furniture and potted plants.

 

*Depending on your property and your budget, erect a fence or plant established trees as a screen, for privacy or simply to add street appeal.

 

*Getting professional help to landscape the gardens/grounds is obviously a more expensive option, but it could be one of the best investments you ever make.

 

Hope you have a Fantastic Weekend,

 

Brad

Tips For Bidding At An Auction Part 2

To follow are some more of my tips on how to successfully secure your new home at the next Harcourts auction day:

 

*Stand in a position where the auctioneer can clearly see you.

 

*Bid confidently from the start.

 

*Know your figures – have the discussion prior to attending the auction and establish a pre-conceived limit. 

 

*As soon as another person bids – come back in straight away with another bid. 

 

*Competitive bidding encourages the owner to declare the property on the market.

 

*Auction is one of the most transparent ways to buy – if the property was to pass in you may not see who you are competing against

 

For more tips and advice on selling or buying by auction contact Brad Ryan from team Harcourts Narre Warren South:

brad.ryan@harcourts.com.au 

www.bradleyryan.harcourts.com.au

www.twitter.com/brad_ryan

Hope to see you at my next auction!

Have a Fantatsic Weekend,

Brad.

13 Ridgeway Chase Narre Warren South

Mortgagee Auction

Auction this Saturday the 4th April- Come on down and see the action as I call out my first Mortgagee Auction for the year, with over 25 Registered buyers already and sure to be more on the day this is going to be one great auction to call! We will have it professionally filmed for the future Harcourts Narre Warren South DVD and other various posts.

For more details click on the picture above.

Hope to see you there!

Brad.