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First Homebuyers in Melbourne Need 5 Years to Save for a Home Deposit

First Homebuyers in Melbourne Need 5 Years to Save for a Home Deposit

by Wendy Chamberlain | Jul 5, 2018 | Buying a Home

Buying a house in Melbourne is still a huge challenge for many young people. A new report shows that young Melburnians are more likely to take five years to save for a deposit to buy a home in the cheapest suburbs. The report released by the Domain Group looked into...

The New GST Withholding Regime Starts 1 July 2018

by Wendy Chamberlain | Jul 3, 2018 | Auctions

The new Federal legislation on the payment of GST in property developments took effect as at July 1st 2018. The legislation is aimed at preventing businesses in the property development area failing to remit the GST to the Australian Taxation Office (ATO) after a sale...

Reserve Bank Retains Current Official Interest Rate of 1.50%

by Wendy Chamberlain | Jul 3, 2018 | Buying a Home

The Reserve Bank of Australia today left the current official cash interest rate unchanged at its historic low level of 1.5 percent. An earlier survey showed most respondents predicting the current rate to be kept on hold. In his monetary policy statement earlier, RBA...
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