thebigmove2018 8 Posted October 9, 2020 Hi there, I found this forum amazing when we were doing our PR and now we are thinking about buying a house. Im a bit clueless about the stamp duty situation and all the add ons besides the mortgage. Seems like its going to be alot more costly than getting a decent deposit together. Is there any leeway on the 20% deposit. We don't want to build and we are first time buyers in oz. Also can anybody recc a good mortgage broker and any advise from experience is welcome Share this post Link to post Share on other sites
rammygirl 1,609 Posted October 10, 2020 States vary. Where are you. Most states have gov website info on property purchase issues. So many wineries ......so little time :yes: Share this post Link to post Share on other sites
Marisawright 6,545 Posted October 10, 2020 Yes, stamp duty adds a lot to the price. How much depends on your state https://stampduty.calculatorsaustralia.com.au/ Mortgage brokers are not necessarily the best way to go. They are paid ongoing commissions which have to come out of your mortgage! You are probably better off checking the market yourself, unless you're in a situation where you're struggling to qualify for a mortgage (in which case, you should be questioning whether you are truly ready to buy anyway). Look on sites like Canstar. Scot by birth, emigrated 1985 | Aussie husband applied UK spouse visa Jan 2015, granted March 2015, moved to UK May 2015 | Returned to Oz June 2016 "The stranger who comes home does not make himself at home but makes home itself strange." -- Rainer Maria Rilke Share this post Link to post Share on other sites
DukeNinja 268 Posted October 12, 2020 On 10/10/2020 at 00:14, thebigmove2018 said: Hi there, I found this forum amazing when we were doing our PR and now we are thinking about buying a house. Im a bit clueless about the stamp duty situation and all the add ons besides the mortgage. Seems like its going to be alot more costly than getting a decent deposit together. Is there any leeway on the 20% deposit. We don't want to build and we are first time buyers in oz. Also can anybody recc a good mortgage broker and any advise from experience is welcome As Marissa said, brokers are not always the best option. One can only get the first home stamp duty benefit if one has never owned any property anywhere in the world. Evidently there may be some flexibility with the 20% deposit requirement - a colleague of mine advised they were able to purchase with less than the above because they worked in the medical field. IIRC, it was with Bank of Queensland. IELTS : 13/08/16: W8 S8 L9 R9. F2w ID Check/Rcvd: 15/08/16, 23/08/16 HCPC/SoR CoGS sent: 23/08/16. Skills Ax sent/Rcvd/granted: 30/08/16, 12/09/16, 10/10/16. AHPRA sent/AIP : 05/09/16, 28/12/16. EoI/invited: 20/1/17, 01/02/17. 189 submitted: 06/02/17, Caseworker: 23/02/17. Medicals: 31/03/17. Grant: 12/04/17. Child 101 submitted: 09/06/17. Granted: 06/07/17. Landed: 01/09/17. Share this post Link to post Share on other sites
