Financial Planning, Investment & Insurance Solutions

  • COVID-19 (NSW): stamp duty reduced for first home buyers.

    COVID-19 (NSW): stamp duty reduced for first home buyers.

    The NSW Government announced on 26 July 2020 that they will reduce stamp duties on newly built homes and vacant land for eligible first home buyers from 1 August 2020. The threshold above which stamp duty will be charged on new homes for eligible first home buyers will increase from $650,000 to $800,000, and concession on higher values will be reduced before phasing out at $1 million. The stamp duty threshold on vacant land will rise from $350,000 to $400,000 and will phase out at $500,000. The changes are part of the NSW Government’s COVID-19 recovery plan and will apply to…

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  • Superannuation & Immediate Gratification

    Superannuation & Immediate Gratification

    One of the most well-known psychological studies ever done is the Stanford Marshmallow Experiment from the 1970’s. You’ve likely heard of it, know a variation of it, or have watched an interpretation of it somewhere in the media. Testing out the will power of small children or dogs can be entertaining. Dogs being tempted with food are a staple on social media. In the Stanford experiment, the idea was to test the ability to delay gratification. In the first iteration, children were offered an immediate treat (cookies or pretzels) or the choice to wait 15 minutes and be rewarded with…

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