The NSW Government has just passed a legislation allowing first homebuyers the opportunity to choose…

Should property purchasers save up another 5% on top of their deposit for stamp duty?

Or commit to an annual land tax bill of a much smaller amount?

In this episode of The Elephant in the Room, Chris and Veronica discuss what the NSW legislation really means for first homebuyers. Should they pay their stamp duty or land tax? What are the pros and cons of both options?

If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

See you in the episode!



Episode Highlights:
New South Wales’ new tax legislation [1:06]
Stamp duty versus land tax: how are they calculated [04:00]
How will this impact investors [12:34]
Veronica’s Property Dumbo [16:33]
The impact on borrowing capacity [21:36]
Three groups of buyers impacted by interest rate rises [25:09]
Focusing on quality assets rather than panic buying [30:35]
Making the right choice [35:04]



Connect with Us:
Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
Work with Veronica: https://linktr.ee/veronicamorgan
Looking for a Mortgage Broker? www.wealthful.com.au
Work with Chris: hello@wealthful.com.au
Send in your questions to: questions@theelephantintheroom.com.au



Find this episode on our website:

https://www.theelephantintheroom.com.au/podcasts/255



If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!

The NSW Government has just passed a legislation allowing first homebuyers the opportunity to choose…
Should property purchasers save up another 5% on top of their deposit for stamp duty?
Or commit to an annual land tax bill of a much smaller amount?
In this episode of The Elephant in the Room, Chris and Veronica discuss what the NSW legislation really means for first homebuyers. Should they pay their stamp duty or land tax? What are the pros and cons of both options?
If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!
See you in the episode!
 
Episode Highlights:
<ol>
<li aria-level="1">New South Wales’ new tax legislation [1:06]</li>
<li aria-level="1">Stamp duty versus land tax: how are they calculated [04:00]</li>
<li aria-level="1">How will this impact investors [12:34]</li>
<li aria-level="1">Veronica’s Property Dumbo [16:33]</li>
<li aria-level="1">The impact on borrowing capacity [21:36]</li>
<li aria-level="1">Three groups of buyers impacted by interest rate rises [25:09]</li>
<li aria-level="1">Focusing on quality assets rather than panic buying [30:35]</li>
<li aria-level="1">Making the right choice [35:04]</li>
</ol>
 
Connect with Us:
<ul>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="https://linktr.ee/veronicamorgan">https://linktr.ee/veronicamorgan</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/">www.wealthful.com.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</a> </li>
<li aria-level="1">Send in your questions to: <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a> </li>
</ul>
 
Find this episode on our website:
<a href="https://www.theelephantintheroom.com.au/podcasts/255">https://www.theelephantintheroom.com.au/podcasts/255</a>
 
If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

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