What is the First Homeowner Grant (FHOG)? The First Homeowner Grant (FHOG) is a one-time payment aimed at incentivizing and supporting first-time homebuyers in their pursuit of buying or building a new house as their primary residence. This grant typically amounts to $10,000, or the lesser of the purchase price or construction cost of the dwelling. Each eligible transaction […]
State Taxation Acts Amendment Act 2023 The majority of Australian States and Territories have now delivered their budgets for 2023–24, including Victoria. The Act introduces policies outlined in the Victorian Budget for 2023–24, such as: A new duty exemption for a transfer of land from an immediate family member to a person with a disability. […]
How to cancel a contract of sale for the purchase of property using the cooling off process.
How to save in today’s uncertain property market.
It is a well-known fact that it is becoming increasingly difficult for the younger generation to buy their first home. Property prices are just so high. For property owners, this is great news, but the government has made attempts to slow the rate of growth in the property market in an attempt to increase accessibility to the housing market.