|
|
Finance and Documentation
-
First Homebuyers Grant
If this is the first time you have bought a house in Western Australia, and if you’re going to use the home as your main residence, you may be eligible for the First Homebuyers Grant of $7, 000.
For...
-
Stamp Duty
Stamp Duty is payable on the purchase of land.
If you are a first homebuyer, you are exempt from stamp duty if your homesite costs $300, 000 or less.
If you are not a first homebuyer, the stamp...
-
Purchasing land when not an Australian Resident
If you are not resident for tax purposes in Australia, you may need to obtain approval to purchase from the Foreign Investment Review Board.
Further information can be found at www. firb. com. au
-
Settlement Agent
Your settlement representative should be nominated at the earliest opportunity. Your settlement representative will prepare the transfer documentation and lodge contracts for stamp duty assessment.
-
Land Title
When you buy a homesite at a new land development, the purchase cannot be settled until titles for the land have been released.
The Landgate releases land titles.
The time it takes to secure titles...
|