42 Wakool St Windale NSW 2306 For Sale

DA Approval Backyard granny flat, secondary dwelling, garage carport for Lake Macquarie Newcastle area - Windale

This property is an ideal first investment property for Sydney or Melbourne investors who have equity in their own home or some savings and the goal to be a property investor.

It’s an ideal investment because the total price of the pre-development property is under $400,000 and it comprises a house with rental income and a large backyard with side driveway access.

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What to Look For When You Buy a House and Land Package or Off the Plan

New house and land packages in Newcastle, Lake Macquarie, real estate buyers agent and investment property training

Buying a brand new home often means signing up to a house and land package, or if you’re buying into a townhouse or apartment complex, buying off the plan.

In both instances, however, it’s not quite as simple as it sounds, as no two house and land packages or off the plan purchases are ever the same.

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Get into Property with Friends Through Fractional Investing

How DomaCom and Fractionional Investment works for property investors to buy shares in a property in Newcastle, Central Coast or anywhere - Newcastle Buyers Agent

With tighter prudential lending rules, people wishing to get onto the property ladder may find it harder than it was 12 months ago. (They might also find the high property prices in most Australian states a barrier, too.)

But a number of new fractional investment platforms aim to make it easier for investors to start a property portfolio and these options are available through an Australian company that’s listed on the ASX!

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First Home Buyers and Family Pledge Applications

The toughest part of getting into the property market for a first home buyer is getting the deposit together. Most lenders require at least 20 percent — though tightened lending practices mean some lenders require more. But there are Government incentives and other ways to get into the property market, particularly in the Newcastle area.

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How Buying a New Home is Safer & Better for Tax

While an established property in an established suburb is never a bad investment — older suburbs tend to be in higher demand and property values appreciate faster — there are more than a few reasons why the right new home could be a better investment.

Governments often consider Stamp Duty Concessions and Super Contributions to encourage not only First Home Buyers but also the building industry.

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Single Income Family In Need of a First Home Loan?

Separation Agreements Matter

With the volume of property bought and sold in Australia each week, you might assume getting a home loan is a straightforward process. Unfortunately, it’s rather complex. And not every lender approves applicants the same way, leading to some very different lending outcomes.

A mortgage broker understand what each lender is looking for and which one will suit your circumstances.

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Stamp Duty Lowers Capacity, BUT NSW Gov Concessions for First Home Buyers

Stamp duty is a “State based” tax levied on certain transactions, including the purchase of real estate. The rate you’ll pay varies in each state and territory.

As stamp duty is a tax, you cannot borrow money to cover it, though it can accommodated for by reducing the amount of your cash deposit and increasing your home loan to cover the difference. This may mean taking out lender’s mortgage insurance (LMI) [What is Lender’s Mortgage Insurance?] to compensate for your reduced deposit.

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First Home Owners Can Now Use Super for a Deposit on a Home Loan!

In last year’s 2017 budget, the federal government introduced a new measure to help first-home buyers gain a foothold in the property market: The “First Home Super Saver” (FHSS) scheme, which lets individuals use up to $30,000 of voluntary superannuation contributions as a deposit.

It’s a little complicated but if it helps you get into the property market you might find it worth it. Here’s the important information.

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Contract Exchange vs. Settlement

Newcastle Buyers Agent - property investment training course and first home buyers support - Exchange, Cooling off & Settlement

When you first agree to buy a property, your offer and the vendor’s acceptance of that offer is not binding until both buyer and seller have exchanged contracts, but you’re not finished until settlement occurs. 

There are always technicalities during this “Cooling Off” stage so it helps to be aware of the process. It can be nerve racking for first home owners.

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