In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Stamp Duty
When you buy a home, you’ll need to pay tax which is charged by each state and territory governments what’s known as stamp duty. Essentially this payment transfers the ownership of a property to someone else. It applies to the buyer, not the seller.
Stamp duty is a government tax levied on specific transactions. It is usually required when purchasing a car, an insurance policy, or real estate. Stamp duty on real estate is also known as "land transfer duty."
The amount of stamp duty levied on a transaction varies according to where you live, the type of transaction, and its value.
In NSW, stamp duty is calculated on the higher of the property's sale price or its current market value. Stamp duty is calculated on a sliding scale, similar to income tax, so the more expensive the property, the higher the stamp duty.
These normal rates, however, do not apply to all property transactions, particularly for first-time purchasers and international buyers.
Learn MoreStamp duty in NSW needs to be paid in full at the time of settlement or within three months of signing a contract, it cannot be paid off in instalments.
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