What benefit will the axing of Stamp Duty (http://www.smh.com.au/articles/2004/04/06/1081017141230.html) have on someone like myself who is a first home buyer about to purchase. How much will this save me ?
Thanks.
‘All I ask is the chance to prove that money can’t make me happy’
As long as you are purchasing a property under $500,000, you will save yourself:
$0 – $14,000 $1.25 for every $100 (or part)
$14,001 – $30,000 $175 + $1.50 for every $100 (or part) of the excess over $14,000$30,001 – $80,000 $415 + $1.75 for every $100 (or part) of the excess over $30,000
$80,001 – $300,000 $1,290 + $3.50 for every $100 (or part) of the excess over $80,000
$300,001 – $1,000,000 $8,990 + $4.50 for every $100 (or part) of the excess over $300,000.
‘Eat rich food, barbeque a yuppie’ [greedy]
The calculators can be found at the Office of State Revenue:
http://www.osr.nsw.gov.au/erevenue/calculators/index.htm
Cheers,
Shushar“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Anything like this happening in SA?
One a year is my plan!!
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