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Great savings on Stamp Duty & Mortgage Duty for QLD home buyers.
Letter from the Queensland Treasurer – Hon. Andrew Fraser MP (Member for Mount Coot-tha) dated 3 June 2008
Stamp Duty Wiped out for First Home Buyers in Fraser Budget
Stamp Duty will be slashed and Mortgage Duty scrapped to give more Queenslanders greater access to the housing market – and provide savings of almost $10,000 for anyone purchasing their first house for $500,000 or less. Read more
Australian property fell further in August, but a widespread collapse in property prices is not on the cards, according to Residex. Data for August released by Residex yesterday showed the average Australian house value fell by 1.3 per cent over the three months to August; units rose in value by 1.4 per cent. Read more
The Australian financial system remains largely shielded from the international turmoil that has battered others around the world, the Reserve Bank’s financial stability review concluded today. Read more
RBA reduced Interest Rates by 0.25% p.a.
Tuesday 2nd September 2008 – The Reserve Bank announced a 0.25%p.a. reduction in the official cash rate. This is the first official interest rate reduction in 7 years & is a welcomed respite from the current high cost of living .
Several Banks / Lenders have acted quickly to confirm that they will reduce their Home Loan Interest Rates by up to 0.30%p.a. Read more
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