For many of us, our home is the most valuable asset we will own. It's also likely to be the source of our largest liability - the mortgage you took out to buy it. Paying a mortgage can be a challenge at the best of times but there are simple tips you can employ to make it a little bit easier. And what better time to make a new resolution then the start of the new financial year. Pay weekly or fortnightly In my experience most homeowners are paid weekly or fortnightly but choose to make their home loan repayments monthly. By halving your monthly home loan repayments and making them fortnightly instead, you will make the equivalent of thirteen months’ repayments in a single year rather than th
Huge NSW revenues from stamp duty have lifted state out of debt but prospective homebuyers are suffering. The New South Wales State Government received $6.8bn from stamp duties on residential property over the past year, the State’s 2017-18 Budget has revealed.
The NSW State Government is now free of debt, with a $4.5bn surplus expected for 2016-17 and a surplus of $2.0bn expected next year. Stamp duty makes up a huge proportion of the State’s income, with revenues jumping 10% over the past year and expected to grow 6% each year for the next three years.
As the State Government grows richer, NSW's first home buyers are struggling. In a CoreLogic survey of Australians of all ages, 48% of