Recent changes to Queensland’s seller disclosure laws are reshaping the way property sales are handled. The Form 2 seller disclosure statement must now be provided before a buyer can sign a contract, changing long-standing sales workflows and creating new timing considerations for sellers, buyers and agents. At McGrath Aspley, we understand the practical implications of
What does the 5 percent deposit scheme mean for first home buyers?
With rising property prices across Queensland, getting onto the property ladder has started to feel out of reach for many Australians. But with the Federal Government’s 5 percent deposit for first home buyers scheme now in effect, there are more options available. So what exactly does this scheme mean for first home buyers? And what
What does it really cost to sell your house?
Selling your home is a big decision, and while the thought of securing a great sale price is exciting, it’s important to understand the full financial picture. Many sellers assume the profit will simply be the sale price minus whatever is remaining on their mortgage. But in reality, there are a number of costs involved
Queensland Stamp Duty changes: who benefits?
In May 2025, changes to Queensland’s stamp duty rules came into effect, helping to reduce upfront costs for eligible first home buyers. The most significant update applies to those purchasing newly built homes, who may now be able to apply for a full exemption from transfer duty. In this blog, we explain what stamp duty
Queensland rental laws: what changes are coming in May 2025?
From 1 May 2025, further changes to Queensland’s residential tenancy laws will come into effect. These updates are part of a staged rollout of legislation passed in 2024 and will introduce new rules that affect how rental properties are managed across the state. For property owners, the changes bring added responsibilities, particularly around communication,
Tax matters: what rental property expenses are tax deductible?
Owning an investment property comes with various costs, but did you know that many of these expenses can be tax deductible? Understanding what you can and can’t claim is essential for maximising your investment returns and ensuring you stay compliant with Australian tax laws. In this guide, we’ll break down rental property expenses that are
Do you know how to advertise your rental property the right way?
Advertising your rental property effectively is key to attracting high-quality tenants and maximising your return on investment. From showcasing unique features to setting a competitive price, there’s an art to making your property stand out. Whether you’re a first-time landlord or a seasoned property owner, understanding the best practices for advertising rental properties can help
Is Your Student Debt Affecting Your Borrowing Power?
For many Australians, student debt—commonly referred to as HECS-HELP debt—is a necessary part of accessing higher education. However, if you’re planning to buy a home or invest in property, you might be asking yourself, how much does HECS affect borrowing power? While it’s often considered manageable, HECS debt can significantly impact your financial capacity when
Negative Gearing vs Positive Gearing: What Investors Need to Know
When it comes to property investment in Australia, understanding the distinction between negative gearing and positive gearing is crucial. These property investment strategies can significantly impact your financial outcomes and long-term investment success. In this blog, we’ll break down the key differences, explore the pros and cons of each approach, and help you decide which