Jump to content

Recommended Posts

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

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

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
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

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×