Property

How the rising value of your home can help you land a better rate

If you purchased a home in the last few years, chances are the property is worth a lot more today than when you bought it. In mid-2019, the median home value across Australia’s capital cities was $592,135. Today, that figure has soared to $715,100. It’s a 21% gain that goes straight to your home equity. …

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How older Aussies can cash in on their home equity in retirement

Most retired renters in Australia live in poverty, whereas very few retired homeowners suffer the same fate, according to a key finding of the federal government’s Retirement Income Review. Could there be a better argument for owning a fully paid-off family home in retirement? The review found that housing is an important component of voluntary …

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Land tax instead of stamp duty could save homeowners thousands

Proposals by the NSW government to give home buyers the choice of paying land tax rather than an upfront stamp duty could save thousands in the initial years of homeownership, according to experts. “We are proposing a once-in-a-generation reform to make homeownership more affordable and achievable, and the engagement and interest from across all segments …

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