Stamp duty changes rush Cairns buyers to market: real estate agents
Real estate agents are predicting a flurry of activity in the market over the next six weeks as potential homebuyers rush to snap up properties before changes to stamp duty kick in from August 1.
The State Budget, released on Tuesday, unveiled changes to stamp duty charges for non-first homebuyers, permanently removing the concession on new or established homes used as a principal place of residence.
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Cairns Home Loans director John Watts agreed, saying the short-term benefit for people building their first home paled in comparison with the long-term pain caused by the stamp duty changes. “This change will significantly hamper the $350000 to $500000
By ninemsn staff An agoraphobic man who made so much money from welfare benefits he was able to start his own loans business will not face court, after a judge ruled there was no practical way to try him. English man Colin Watson has left his home only
The remainder will be used to establish a fund at Cairns Penny Savings and Loans for PNG nationals forced to travel to Cairns for treatment, he said. "We got so many donations, much more than we needed. I think that shows we are a caring society."
#230 M. Aguayo to B. Golianu for $200000 on 4/28/11 355 Wisteria Drive Household Finance to M. & A. Puga for $260000 on 5/2/11; previous sale 2/01, $345000 80 Chester Circle Shibuya Trust to B. Cairns for $850000 on 6/2/11 214 N. Clark Ave.
Just to fuel his obsession with them, he was given his own thoroughbred, a retired racehorse named "Billy", who Campbell rode at the Edmonton Pony club and then in showjumping in Cairns. He then became an apprentice jockey with Baker when he was 15,
Home loan interest rates predicted to rise « Home Loans | Peach ...
It could be time to arrange a fixed rate home loan as the latest BIS Shrapnel Residential Property Prospects 2011-14 report predicts interest rates are on the way up.
BIS predicts the variable rate may peak at 9.4 per cent by the end of 2013, although the increase will initially be slow.
"Our forecast is for a half a per cent rise later this year, and another half a per cent rise in the first-half of next year," commented senior manager Angie Zigomanis, author of the report.
In June the Reserve Bank of Australia held fire on interest rate rises, awaiting more financial and economic analysis.
BIS points to slowing price growth and economic activity in 2011 and the end of the government's first home owner's grant boost scheme.
However, going forward, private investment is likely to take over from government spending in driving the economy and accelerating growth is predicted to lead to inflationary pressures and interest rate rises.
Steady prices are being predicted for the remainder of 2011, although Sydney should experience moderate price growth leading up to 2013.
The Residential Property Prospects 2011-2014 report is a comprehensive review of the outlook for residential property in each capital city, as well as price forecasts for the regional areas of Cairns, Townsville, Sunshine Coast, Gold Coast, Newcastle and Wollongong.
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