Maya's Conveyancing in Endeavour Hills, Victoria | Lawyer & law firm

Maya's Conveyancing

Locality: Endeavour Hills, Victoria

Phone: +61 3 9700 2898

Address: 2 Regnans Avenue 3802 Endeavour Hills, VIC, Australia

Website: http://mayasconveyancing.com.au

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25.01.2022 https://www.facebook.com/kaladevi.balash//1516552015069435

19.01.2022 Australian house prices increased by 0.8% in August The national property market has recorded its largest monthly increase in more than two years as Australians capitalise on low interest rates, tax cuts and a slight loosening in lending standards. The national market lifted 0.8 per cent over the last month.... Sydney had been at the centre of the downturn, but the New South Wales capital appears to be once again on the rise. Melbourne’s recovery is also in full swing with a quarterly rise of 1.8 per cent although both major cities are still more than 6 per cent lower year-on-year. The significant lift in values over the month aligns with a consistent increase in auction clearance rates and a deeper pool of buyers at a time when the volume of stock advertised for sale remains low, Corelogic research director Tim Lawless said. It’s likely that buyer demand and confidence is responding to the positive effect of a stable federal government, as well lower interest rates, tax cuts and a subtle easing in credit policy. The market had been showing signs of turning around, with improving rates of decline and a more modest recovery trend recently.

15.01.2022 Great News for First Home Buyers First home buyers: Stamp duty cuts for houses worth up to $600,000 ... The government says the exemption, which starts on July 1 this year, will benefit about 25,000 first home buyers every year, resulting in an average of $8000 worth of savings for new or existing homes. Essentially it means that someone buying an established home worth $600,000 will no longer have to pay the $15,535 stamp duty that currently applies; buying a $450,000 established home will no longer require $9485 in stamp duty fees; while buying an established home worth $300,000 will save $5685 through stamp duty exemptions First home purchases ranging between $600,000 and $750,000 will get a concession applied on a sliding scale. First home buyers of new houses will still be eligible for the first home owners grant, thereby boosting the support they receive. The stamp duty exemption will apply to new and existing homes (including houses, townhouses, apartments and off-the-plan dwellings) that cost under $600,000 and are lived in for at least 12 months (i.e. Investment properties are not eligible). The changes will be announced by Mr Andrews and Treasurer Tim Pallas on Sunday, and are likely to be welcomed given the growing number of people who are finding it more difficult than ever to get into the housing market.

11.01.2022 How will the new 10% property tax affect you? Foreign resident capital gains withholding payments - impacts on foreign and Australian residents On 9 May 2017, the Government announced changes to the foreign resident capital gains withholding (FRCGW) rate and threshold. The changes will apply to contracts entered into on or after 1 July 2017: for real property disposals where the contract price is $750,000 and above (currently $2 million)... the FRCGW withholding tax rate will be 12.5% (currently 10%). The existing threshold and rate will apply for any contracts that are entered into before 1 July 2017, even if they are not due to settle until after 1 July 2017

05.01.2022 Budget 2017: New super plan to help first home buyers save for a deposit FIRST home buyers will be able to save for a home deposit faster by salary sacrificing into their super fund from July 1. On top of existing compulsory super contribution, individuals saving to buy will be able to put a total of $30,000 into their super, or $15,000 maximum per year.... Couples can put in a total of $60,000.

04.01.2022 Make the Real Estate process run smoothly with Maya's Conveyancing. We understand that purchasing a property can be an overwhelming and frustrating experience. With the help of our expert team, we provide you with the necessary knowledge and information to make the process run smoothly.... Click the link and enquire today https://mayasconveyancing.com.au/contact-us/