Guest robo Posted April 29, 2006 Share Posted April 29, 2006 Anybody know what extras to, house purchase price costs can arise when buying in oz ie stamp duty GST Registry?. We are looking to buy in NSW. :?: Looking on the web at justlisted.com the average 3 bed in wollongong area seems to be $325000. would appreciate input Link to comment Share on other sites More sharing options...
Guest ABCDiamond Posted April 29, 2006 Share Posted April 29, 2006 Anybody know what extras to, house purchase price costs can arise when buying in oz ie stamp duty GST Registry?. We are looking to buy in NSW. :?: Looking on the web at justlisted.com the average 3 bed in wollongong area seems to be $325000.would appreciate input These were my actual costs in 2001 for a house in NSW.House Cost $280,000.00 Rates adjustment $127.25 Water adjustment $57.83 Solicitors Fees $925.50 Government Stamp Duty $7,614.00 Mortgage Stamp Duty $680.00 Registration and other fees $310.25 Pest Inspection $121.00 Building Inspection $176.00 If you are a first home buyer you are exempt from stamp duty on NSW houses under $500,000 http://www.osr.nsw.gov.au/portal/page?_pageid=33,63384&_dad=portal&_schema=OSRPTLT An "indication" of standard Government Fees covering Stamp Duty, Mortgage Registration Fee, Transfer Fee, and Stamp Duty on Mortgage, as at Nov 2005, based on an example of a $300,000 property, with a $150,000 mortgage. QLD - $ 3,813.80 NSW - $ 9,685.50 ACT - $ 9,748.00 TAS - $10,281.50 NT - $10,830.00 WA - $11,285.00 SA - $13,010.00 VIC - $14,536.20 Stamp Duty Calculator at: http://www.yourmortgage.com.au/calculators/stamp_duty/ House Median Prices for the Wollongong area have been: Sept 05 $429,000 Mar 06 $403,000 Unit Median Prices for the Wollongong area have been: Sept 05 $328,000 Mar 06 $324,000 Wollongong Property at Realestate.com.au Link to comment Share on other sites More sharing options...
Guest scoop Posted April 29, 2006 Share Posted April 29, 2006 The more I see about buying in property in Aus the more fearful I become! By the time I have paid to move over with the clan, being the only wage earner with a preschooler the more I feel I will not be able to get on the property ladder at all in Aus!! Big second thought running through my head at the mo!! Will the move ever happen??? GULP :shock: Link to comment Share on other sites More sharing options...
Guest Beki Posted April 29, 2006 Share Posted April 29, 2006 Hi Scoop, I agree, when you add everthing up it's really scary! My agent has just quoted me another £600 just to see me through my skills assessment, which in the long run I think will be an investment because I feel sure I'm going to have to work once we get there just to pay the bills! It must be difficult as the only wage earner, I do feel for you. Chin up though, try not to let money worries get the better of you. For the grafters in this life nothing ever comes easy but if you keep at it you'll get there in the end! :wink: Beki Link to comment Share on other sites More sharing options...
Guest scoop Posted April 29, 2006 Share Posted April 29, 2006 Cheers Beki much appreciated It's just really scary to thing I may not have enough dosh to get a half decent property when I get there! I've had my own home for over ten years. It's just fear of the unknown I'll have a few more of these I'm sure :? Keep thinking of the sunshine :wink: Cheers again SCoop Link to comment Share on other sites More sharing options...
Guest Boomer Posted April 29, 2006 Share Posted April 29, 2006 We are moving to Brisbane soon and first time buyers in Queensland get $7k off the Government to help them get on the property ladder. Don't know if other states offer that. Cheers Boomer Link to comment Share on other sites More sharing options...
Guest ABCDiamond Posted April 30, 2006 Share Posted April 30, 2006 We are moving to Brisbane soon and first time buyers in Queensland get $7k off the Government to help them get on the property ladder. Don't know if other states offer that. Cheers Boomer It is available in all States. And the definition of "First Time Buyers" means first time buying in Australia. So you should all be eligible, unless they change the rules... Link to comment Share on other sites More sharing options...
Guest ABCDiamond Posted April 30, 2006 Share Posted April 30, 2006 The more I see about buying in property in Aus the more fearful I become! By the time I have paid to move over with the clan, being the only wage earner with a preschooler the more I feel I will not be able to get on the property ladder at all in Aus!! Big second thought running through my head at the mo!! Will the move ever happen??? GULP :shock: What type of house are you moving from, and what and where are you hoping to buy ? If you do a direct comparison, the Australian properties are normally cheaper, even after costs. If you take the costs I mentioned, for NSW, but do it for a First Home buyer, it would result in: House Cost $280,000.00 Rates adjustment $127.25 Water adjustment $57.83 Solicitors Fees $925.50 Registration and other fees $310.25 Pest Inspection $121.00 Building Inspection $176.00 LESS $7,000 grant = Net cost of $275,000 This will vary depending on the State you go to, as the stamp duty concession varies, although so do house prices A 3 bed semi detached with 2 bathrooms, in my area, costs about $240,000, but go further inland and it gets cheaper. Link to comment Share on other sites More sharing options...
Guest robo Posted April 30, 2006 Share Posted April 30, 2006 thanks to ABC diamond for your help Link to comment Share on other sites More sharing options...
Guest Daceys Posted April 30, 2006 Share Posted April 30, 2006 Hi SCoop Keep going for it lass, I get these feelings when I hear info that I didn't realize. It's shocks you and I'm walking around stunned for days but I pick myself up and think what's for the future. I'm sure it will all be worth it once we've settled :lol: Did you get that pm Al. Link to comment Share on other sites More sharing options...
Guest scoop Posted April 30, 2006 Share Posted April 30, 2006 Cheers muchly guys Truly appreciated Get more support from you guys on here than my family who are meant to love me! Al Didn't get your PM hun. Cheers ABC Diamond you are the Legend of the forum Have a two bed terrace to sell! hopefully quickly! but the housing market a bit slow at the moment. Just a little worrying that not a lot left for a deposit when I get over there. Although I do have a widows pension that should help, hopefully? Would like to move to Maryborough near Fraser island, (friends moving there) if there is a job about :?: Don't mind living a little out of the way as I like a bit of solitude, space for the boy and the dogs. I will keep going with it as I hate to have regrets, just having a bit of a wobble :? It was never really an issue until I had my little boy. Thanks again guys Much luv to ya SCoop Link to comment Share on other sites More sharing options...
calNgary Posted April 30, 2006 Share Posted April 30, 2006 I felt a little worried when i added up all the out goings but after a few days of ,, should we ,,shouldn't we ,you realise there isnt much of a choice,, who the hell wants there kids to grow up here?,,overall we probably wont have the 'spare' cash we have here but i dont think we will spend as much in general day to day things ,we found you can take the kids for a good day out and it costs next to nothing,,free bbq's in parks & beaches,free car parking,here for a day out you need to re-mortgage & i didnt spend as much out shopping cause the kids didnt want the choccy and sweets like here ,,there is no doubt we will have to do some adjusting to our lifestyle ,,BUT isnt that why we are going? i think if you want to live there as much as most of us on this site it's a small price to pay,and we will make sure we manage. Scoop off reading your postings you seem to be a very determained person ,i must admit i dont think i could do it alone (that's the coward in me) i am sure you will manage and make friends easily and the aussies we met genuinely want to help you keep your chin up and crack on with your application,,good luck with everything Cal x Link to comment Share on other sites More sharing options...
Guest Daceys Posted April 30, 2006 Share Posted April 30, 2006 calNgary Would one lifestyle adjustment be sleep paterns, ie because of the darker evenings, bed earlier thus getting up earlier? I know it sounds daft!!!! :oops: but that's one thing on our minds. We are hoping to head towards Brisbane. Al. Link to comment Share on other sites More sharing options...
calNgary Posted April 30, 2006 Share Posted April 30, 2006 The dark nights didnt really affect us ,the obvious advantage being you can get the kids to bed earlier ,,the people we met and socialised with didnt pretty much the same as here but rather than going to the pub they met at one of their houses ,,the majority of houses we saw have large outdoor entertaining areas all semi undercover with lighting and they didnt just meat up at weekends ,it was any night of the week which we found a little strange as here its majority weekend socialising..i guess the advantage of bright sunshine first thing is you actually want to get up and in a good mood ,,i'm bad in a morning so this made a refreshing change for my entire family i think ,,overall no real negatives hope this helps Cal x Link to comment Share on other sites More sharing options...
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