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August 2008

What exactly happens on settlement date

by Chris on August 31, 2008
What exactly happens on settlement date

There are two important dates in the house buying process: the contract date and the settlement date. Contract date is the date when the vendor have signed a contract of sale or a contract note. In most contracts the house price is split in 2 parts, first the buyer pays the deposit (5 – 10 percent of the house price) and the remaining amount is paid on the settlement date.

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The smart way to pay stamp duty on a house – part 2

by Chris on August 28, 2008
The smart way to pay stamp duty on a house - part 2

How to use PPR concession to reduce stamp duty Another “discount” you can get for the stamp duty is your PPR (Principal Place of Residence) concession – if the house you are buying will be you Principal Place of Residence, you’re entitled to another discount. Principal Place of Residence means that 1) You’ve moved in [...]

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The smart way to pay stamp duty on a house – part 1

by Chris on August 22, 2008
The smart way to pay stamp duty on a house - part 1

Stamp duty is a tax that you have to pay when purchasing a house. It is a significant expense and without a doubt puts an additional strain on home buyers. The smart way out is to use OPM (Other People’s Money) to pay it – whenever possible. Here is how it can be done:

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How to prepare certified copies of documents

by Chris on August 19, 2008
How to prepare certified copies of documents

It can happen that in the house buying process you will be required to produce certified copies of certain documents – and many people are unsure what that means. Whenever you are being asked for a certified copy of a document, here is exactly what you need to do:

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Honey, I bought us a house online

by Chris on August 12, 2008
Honey, I bought us a house online

It’s official – now you don’t have to leave your house to buy a house. Why? Aussie real estate auctions are now available online. As more and more people prefer to do the shopping in the privacy of their home, companies are trying to meet the demand and create great new services.

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How Google Maps made property research easier

by Chris on August 9, 2008
How Google Maps made property research easier

he latest feature Google added to maps – Street View – makes property research so much easier! What we used to have is this view from above and it was really helpful, at least to understand what the closest amenities are – is there a school, a shopping center, a park near by etc.

Street level takes property research to a different level – you can actually tour the streets and see where the closest milk bar is or what kind of local shops are there. It really is as good as walking the streets.

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