Home buyer expo

On the weekend i went to the home buyer expo. In the hope of getting some tips and secret for the current property market.

There were a lot of people at the event and everyone was eager to learn about new policy from the government, things to watch out for and tips on getting a nice property.

It was all positive news for me. There were talks about the first home owner buyer's grant and the first home buyer's boost. There were talks on the first home buyer saving account designed to give incentives to first time home buyers. It is available from 1st October 2008. The government will pay you 17 cents for every dollar you put into that type of account. Any banks building society, credit union etc can set up the account for you. However, different providers can have different terms. But here are some of the fundamental features and condition of this type of saving account.

* 15% tax on earning by provider
* can tranfer between account provider
* 3rd party contribution
* can withdraw after min 4 yrs
* no joint account
* no min contribution
* government contribution capped at $75,000
* account will close by age 65 or buying a home

There are other finer details which you can find out from your bank.

the expo will be in other states as well so check it out if you interested
http://www.firsthomebuyersexpo.com.au/

first home grant

During the recent economy crisis there has been a lot of negative view in the world. Certain group of people see this as an oppotunity. I am no economic expert, i can only think about what i can do in these time. I think being scared is no use there are already lot of people doing that. I can see some oppotunities which is in favoure of me.The interest rate has recently drop a massive 1% which gives a lot of relief to people paying mortgage. I have recentl bought an investment property in Melbourne Dockland. The interest rate doest look good. Im looking at buying another one in Sydney. While i am preparing to reserve a property and thinking about how to come up with the deposit. The government announces the First-home grant rise. Now it looks really helpful. I think this can give more affortability to first home buyers like myself. Of cause others will say that this will creat more price rise for properties and push prices of other stuff up as well. i am not sure what will happen but i think if everyone is scare to buy things should be cheaper than usual. I have been living my life like everyone else without much big success. I think it is time to do something different.