Andrew from Vista Financial

RBA cut interest rates!!!

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    A good time for my kids to buy a home (despite all the "housing bubble" burst doom and gloom reports. If only they would save up (and move out!) :smile:

     

    If parents have equity in their homes they can use some of the equity as guarantor for the kids property and they don't need a deposit. The issue of stamp duty is a sore point. When gst was brought in they put in place a first time home buyers allowance to compensate for the stamp duty tax. This subsidy now only applies for new builds and not for existing homes (which is stimulating construction) but limiting first time buyers.

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