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How first-time homebuyers can save $8,500 in taxes

FIRST-TIME homebuyers are missing out on thousands of dollars by not using a little-known scheme that helps save them money for the deposit. The First Home Super Saver Scheme lets them take advantage of their superannuation account’s favourable tax status. “The scheme has been around since July 2017 but it’s not that well known out there,” says Sydney-based Bridges Financial Services financial planner Dominic Sgro. “People probably don’t use it so much. “There’s a really good tax benefit to accumulating via this strategy.”

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THE typical Australian renter is spending a record share of income to keep a roof over their head as younger generations find themselves squeezed between rising rents and falling wages.

Slow, steady rise to meet AML/CTF target

CONVEYANCERS might be dragging the chain on their AML/CTF enrolments, with only 1,550 registered with AUSTRAC as of July 2. However, 5,550 lawyers have enrolled, and many of them also pr

Simplifying the system a big plus for WA housing

MOVES to introduce a “simpler, more responsive and efficient” planning system have been welcomed by a peak housing body. The Housing Industry Association (HIA) has welcomed t

Conveyancers back bid to regulate e-platform

A PROPOSAL by the NSW Independent Pricing and Regulatory Tribunal (IPART) to rein in fees charged by digital property platform PEXA has been welcomed by the state’s conveyancers. Last we