What is Stamp duty?

A State Government tax imposed on the sale of real estate (includes Both established homes and land purchases) and determined by the sale value. Your solicitor or lender can calculate the stamp duty payable when buying a property.

What does cooling-off mean?

A ‘cooling-off period’ occurs within 3 business days from the date of contract signing allowing the potential buyer to withdraw from the deal. A cooling-off period of 5 business days applies to building contracts over $5000.

What is the First Home Owner Grant (FHOG)?

FHOG was introduced in July 2000 to help offset the effect of GST on home ownership. A one-off grant is payable by the Federal and State Government to first home buyers who meet the eligibility criteria. You can apply for FHOG via your lender.