Stamp duty is a significant tax imposed by state and territory governments on property transactions. Understanding this tax is crucial for making informed financial decisions.Stamp duty, also known as conveyancing or transfer duty, is a tax based on the property's value. Rates vary by state, property type, value, buyer status, and intended use.Stamp duty rates across AustraliaEach state has unique rates and exemptions. For example, New South Wales offers exemptions for first-time buyers, while...

As the new year kicks off and routines settle in, many Australians are eyeing a move from city life to coastal charm. What started as a lifestyle choice is now a practical option for many. Before you make the leap, consider these key factors to ensure a smooth transition.1. Is coastal living truly affordable?The days of ultra-low mortgage rates are behind us, and tighter credit conditions have buyers exploring more affordable options. Coastal property markets have become more appealing as buy...

With anticipated interest rate cuts, this year is perfect for buying a new home, refinancing, or exploring investments. As your trusted mortgage adviser, we're here to guide you through these exciting times and help you make confident decisions. Let's navigate this evolving landscape together!Here’s how the FinancePath team can support you this year:1. Guiding you through a changing marketThe property market can feel complex, with interest rates, lender policies, and government incentives con...

Thinking about buying a home in 2025? The property market is evolving, bringing both opportunities and challenges for buyers. Whether you’re saving for your first home, upgrading, or investing, staying informed about the latest trends can help you make confident and informed decisions.Here are five key trends to watch in 2025:1. Interest rates: A cut may be comingAfter holding steady throughout 2024, interest rates are poised for potential cuts, with some economists predicting reductions as...

Every January, millions of people set New Year’s resolutions with big dreams of getting fit, saving money, or finally tackling that never-ending to-do list. But by the time February rolls around, most of those resolutions have fizzled out. Why does this happen, and how can you actually stick to your goals this year? Let’s break it down in plain English.Why most resolutions failThe goals are too big a lot of people start with goals that are way too ambitious. Saying, “I’m going to save...