A Great Time to Buy Property in NSW
We are being bombarded in the news with reports about housing in Australian and in particular NSW being unaffordable.
The first thing I should say is that I think that this so called “crisis” is a bit of a media beat up. I still have many clients buying and selling real estate both as investors and as owner occupiers.
In any event, if there is a “crisis” and if prices have fallen it is probably the best time to buy a property. If you have any knowledge about investing in shares and property you would have heard that the best time to buy an investment is in a depressed market.
At clickconveyancing we recognise the benefits of investing in property and in young people buying their own home. The benefits of investing and of owning your own home are well known. If you look at the recently published list of Australia’s 200 richest people you will find that most have made their money in property.
We would like to do our bit to encourage investors and home buyers back into the property market. Apart from providing you with top notch fixed price conveyancing the best way we can do that is by helping you save money in your conveyancing costs.
For the month of June we are pleased to announce that we have reduced our conveyancing fees for purchases and sales of property to $895 inclusive of GST and disbursements.* This offer will be especially attractive to savvy property investors and budget conscious first home buyers.
We have looked at what other conveyancers and property solicitors are charging and we honestly think that our June special provides the cheapest conveyancing price in NSW. Contact us now to take advantage of this special offer.
* This offer only applies to properties worth less than $1 million.
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2 Responses to “A Great Time to Buy Property in NSW”
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Hello,
I would like to clarrify 2 questions in relation to the criteria with FHOG from a conveyancing prospective.
I was told by an operator on the FHOG Call Centre Line that as at this year being 2008 their has been an amendment to criteria affecting the FHOG and that apparantly eventhough the criteria states no borrower can have owned an owner occupied property previously, if the ownership is structured as tennants in common and the party who actually owned a property previously is only a 5% owner and the first homebuyer 95% owner then they can still qualify as this is classed as a negligible percentage on the 5% owners part.
Is this the case.??? or have I been missinformed. In 1994 I purchased a home with my then wife but at that time did not get a government grant because we earn’t $50100 and the threshhold was $50k so I never received the benefit.Could you clarrify if my scenario qualifies for the FHOG given I have only a minimum amount to contribute as the 5% share holder in the property.
My second question is can my partner claim for 50% exemption of the stamp duty given I would have received an exemption in stamp duty but my partner being a first home buyer has not.
Thank you for any clarrification you can provide.
Kind Regards
Glen
Hi Glen
If the person you describe as your “partner” in your blog entry is your legal or de facto spouse you will not qualify for any of the first home owner’s benefits currently available. The situation would have been different if your “partner” was just a friend, relative or other acquaintance.
I am sorry I could not give you the answer you wanted!