conveyancer

What is GST Withholding? How Does It Impact Buying/Selling?

GST withholding Impacts Buying Selling

In the traditional property conveyancing process, be it in Perth or any other area in Australia, the property developers have in the past, shied away from paying the Goods and Services Tax (GST) to the government. However, with eConveyancing becoming the norm, the federal government seeks to put an end to this practice by enacting the policy of GST withholding. Announced in the federal budget of May 2017, the policy of GST withholding aims at ensuring compliance of GST rates by the property dealers, purchasers or settlement agents in Mandurah and other places while selling/purchasing properties. According to this policy,…

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WA Government Incentives to Reduce Home Cost for First Timers

first home owner grant

You reach an important milestone in purchasing your first home. To make your dream of buying your first home true, there are various incentives available from the Government of Western Australia that is aimed to reduce the cost burden. Here are few of the incentives available, and if you are eligible, you can use them to purchase your first home. The available incentives First Home Owner Grant In Western Australia, the size of the First Home Owner Grant varies as per the area of building or buying a property. For a property worth $750,000 and situated south of latitude 26…

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