Blogs

When you're looking for a new home, one of the biggest decisions is whether to build a new one or buy an existing property. Each option has its own benefits and challenges, and understanding these can help you make the best choice for your situation.Building a home lets you design everything to your liking, from the layout to the finishes. You might save on stamp duty and qualify for grants if you're a first-time builder. However, building can take a long time, face delays, and come with unexpe...

Stamp duty is a significant tax imposed by state and territory governments on property transactions. Understanding this tax is crucial for making informed financial decisions.Stamp duty, also known as conveyancing or transfer duty, is a tax based on the property's value. Rates vary by state, property type, value, buyer status, and intended use.Stamp duty rates across AustraliaEach state has unique rates and exemptions. For example, New South Wales offers exemptions for first-time buyers, while...

As the new year kicks off and routines settle in, many Australians are eyeing a move from city life to coastal charm. What started as a lifestyle choice is now a practical option for many. Before you make the leap, consider these key factors to ensure a smooth transition.1. Is coastal living truly affordable?The days of ultra-low mortgage rates are behind us, and tighter credit conditions have buyers exploring more affordable options. Coastal property markets have become more appealing as buy...

With anticipated interest rate cuts, this year is perfect for buying a new home, refinancing, or exploring investments. As your trusted mortgage advisor, we're here to guide you through these exciting times and help you make confident decisions. Let's navigate this evolving landscape together!Here’s how the FinancePath team can support you this year:1. Guiding you through a changing marketThe property market can feel complex, with interest rates, lender policies, and government incentives con...

Thinking about buying a home in 2025? The property market is evolving, bringing both opportunities and challenges for buyers. Whether you’re saving for your first home, upgrading, or investing, staying informed about the latest trends can help you make confident and informed decisions.Here are five key trends to watch in 2025:1. Interest rates: A cut may be comingAfter holding steady throughout 2024, interest rates are poised for potential cuts, with some economists predicting reductions as...