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Thursday, July 09th, 2009 | Author:

Make cheap calls to landlines and mobiles – Buy SkypeOut credit here

Friday, May 15th, 2009 | Author:

Good news for us First Time Home buyers because FHOG supposed to be ending on June 30, 2009 instead it was extended and an increased bonus for Victoria area for off the plan or newly built homes… It is 26k till June 30, 2009 but it will increase into 32k starting July 1, 2009 till so the best  logical thing to do is to wait and do the contract signing for the building contract after June 30, 2009 to be able to get the 32k.

Here are the detailed information below regarding the FHOG and schedules:

Australian Government Budget 2009-2010 – First Home Owner’s Boost extended

The Australian Government has announced a six month extension to the First Home Owner’s Boost Scheme as part of it’s 2009-2010 Budget initiatives.

First home buyers entering into contracts between 1 July 2009 and 30 September 2009 will continue to be eligible for the Boost of $7,000 for the purchase of an established home, and $14,000 for the purchase of a new home.

The Boost will halve for purchasers that enter into contracts between 1 October 2009 and 31 December 2009. This means that purchasers of established homes will be eligible for $3,500 and purchasers of new homes will be eligible for $7,000.

The extension to the Boost comes one week after the changes announced by the Victorian Government in regard to the First Home Bonus (see below).

First Home Bonus Increased for new homebuyers

The Victorian Government has announced an increase in the First Home Bonus for new homebuyers.

From July 1 2009 the First Home Bonus will entitle eligible home buyers to a payment of $2,000 for established homes or $11,000 for new homes.

The Bonus previously provided $3,000 for established homes and $5,000 for new homes. The First Home Bonus will be available for the purchase of homes under $600,000.

Premier John Brumby said today the new package was aimed at helping Victorian families into their own homes sooner by offering $22,500 for first home buyers purchasing a new home in regional Victoria, $18,000 for a new home in metro Melbourne and $9000 for an existing home as of 1 July this year.

VICTORIAN FIRST HOME BONUS INCREASED FOR NEW HOMES
An extension of the Victorian Government’s First Home Owner Scheme and an increase in the First Home Bonus for new homes will create thousands of jobs, boost the economy and make buying a first home even more affordable for Victorians.
Premier John Brumby said today the new package was aimed at helping Victorian families into their own homes sooner by offering $22,500 for first home buyers purchasing a new home in regional Victoria, $18,000 for a new home in metro Melbourne and $9000 for an existing home as of 1 July this year.
“The Victorian Government continues to make it easier for Victorians to buy a home and raise a family,” Mr Brumby said
“The changes to the First Home Bonus will create more homes and more jobs.
“The Housing Industry Association has estimated the boost to the first home owner’s package for new homes would secure an extra 3600 jobs over the next three years, generate around $1.3 billion of additional housing activity and result in an extra 4300 homes being built.
“It will build on this Government’s successful existing bonus scheme that has resulted in Victoria recording almost one in three housing starts in Australia in the December quarter and almost 32,000 people purchasing a first home in Victoria in the last 12 months. About 10,000 of these were in the three months to February this year alone.”
The changes to the size of the bonus will be coupled with an increase to the cap on the Bonus which now means that first home buyers purchasing a property up to the value of $600,000 will now be eligible for the Bonus.
Mr Lenders said the Victorian Government would invest $125 million to boost the scheme for an additional year.
“The best driver of affordable housing for both homebuyers and renters is a good supply of housing and this package encourages people to build new homes in Victoria,” Mr Lenders said.
“We have already paid over $3.2 billion worth of grants to help Victorians into their first homes since the scheme began.
“This increase will also help to create jobs, stimulate the economy and lessen the effects of the Global Financial Crisis.
“This is one of the most generous grants package available to first home buyers of newly constructed homes in any Australian State or Territory and now more people will be eligible for out fantastic bonus.”

First Home Buyers – Overview – What amounts are available? Print

If you are a first home buyer you may be entitled to receive the First Home Owner Grant (the Grant), the First Home Bonus (the Bonus), and the First Home Owner Boost (the Boost).

A regional bonus (in addition to the above) is also available for those entering into contracts between 6 May 2008 and 30 June 2010 (for the purchase or construction of a new home in a regional municipality in Victoria).

Entitlements under the Boost Scheme are only available for those entering into contracts (to buy an established home or buy/build a new home) between 14 October 2008 and 31 December 2009.

The following provides an overview of the amounts that a first home buyer may be eligible to receive under the different schemes.

First Home Owner Grant

The First Home Owner Grant provides first home buyers that satisfy the eligibility criteria with a $7000 grant. This $7000 grant is not means-tested nor is it restricted by the price of the property for contracts entered into up to 30 June 2009. For contracts entered into from 1 January 2010 to 30 Jun 2010 the value of the property must not exceed $600,000.

The Grant is an on-going scheme with no end date yet specified.

Further information about the First Home Owner Grant and eligibility criteria

First Home Bonus

1 May 2004 to 30 June 2009 (Contract Date)

If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $3,000 (for established homes) or $5,000 (for new homes only), which is known as the First Home Bonus (the Bonus).

To be eligible to receive the Bonus, the purchase price of the property must not exceed $500,000.

1 July 2009 to 30 June 2010 (Contract Date)

If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $2,000 (for established homes) or $11,000 (for new homes only), which is known as the First Home Bonus (the Bonus).

To be eligible to receive the Bonus, the purchase price of the property must not exceed $600,000.

Further information about the First Home Bonus.

Regional Bonus

6 May 2008 to 30 June 2009 (Contract Date)

For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $3000 bonus is also available (in addition to the $5000 bonus).

1 July 2009 to 30 June 2010 (Contract Date)

For contracts entered into for the purchase or construction of a new home in a regional municipality in Victoria, an additional $4500 bonus is also available (in addition to the $11,000 bonus).

Further information about the Regional Bonus.

First Home Owner Boost

The First Home Owner Boost, which was launched by the Australian Government, supplements the Victorian Government funded First Home Owner Grant of $7,000. The Boost provides:

14 October 2008 to 30 September 2009 (Contract Date)

  • an extra $7,000 to first home buyers who purchase an established home; and
  • an extra $14,000 to first home buyers who build a new home or purchase a newly constructed home.

1 October 2009 to 31 December 2009 (Contract Date)

  • an extra $3,500 to first home buyers who purchase an established home; and
  • an extra $7,000 to first home buyers who build a new home or purchase a newly constructed home.

Further information about the Boost

A table, which sets out the different amounts that first home buyers in Victoria may be eligible for, is shown below.

Contract Date Conditions First Home Owner Grant (FHOG) New First Home Owner Boost First Home Bonus # First Home Owner
Regional Bonus #
Total
From 1 January 2010 to 30 June 2010

Note: This information has been taken from the Premier’s announcement on 6/5/2009 and the 2009-2010 Federal Budget. This information is subject to legislative approval.

Established homes only $7,000* $0.00 $2,000 $0.00 $9,000
Newly constructed homes in Metropolitan Victoria only $7,000* $0.00 $11,000 $0.00 $18,000
Newly constructed homes in Regional Victoria only $7,000* $0.00 $11,000 $4,500 $22,500
From 1 October 2009 to 31 December 2009

Note: This information has been taken from the Premier’s announcement on 6/5/2009 and the 2009-2010 Federal Budget. This information is subject to legislative approval.

Established homes only $7,000 $3,500 $2,000 $0.00 $12,500
Newly constructed homes in Metropolitan Victoria only $7,000 $7,000 $11,000 $0.00 $25,000
Newly constructed homes in Regional Victoria only $7,000 $7,000 $11,000 $4,500 $29,500
From 1 July 2009 to 30 September 2009

Note: This information has been taken from the Premier’s announcement on 6/5/2009 and the 2009-2010 Federal Budget. This information is subject to legislative approval.

Established homes only $7,000 $7,000 $2,000 $0.00 $16,000
Newly constructed homes in Metropolitan Victoria only $7,000 $14,000 $11,000 $0.00 $32,000
Newly constructed homes in Regional Victoria only $7,000 $14,000 $11,000 $4,500 $36,500
From 14 October 2008 to 30 June 2009 Established homes only $7,000 $7,000 $3,000 $0.00 $17,000
Newly constructed homes in Metropolitan Victoria only $7,000 $14,000 $5,000 $0.00 $26,000
Newly constructed homes in Regional Victoria only $7,000 $14,000 $5,000 $3,000 $29,000
From 6 May 2008 to 13 October 2008 Established homes only $7,000 $0.00 $3,000 $0.00 $10,000
New homes in Metropolitan Victoria only $7,000 $0.00 $5,000 $0.00 $12,000
New homes in Regional Victoria only $7,000 $0.00 $5,000 $3,000 $15,000
From 1 January 2007
to 5 May 2008
Established homes only $7,000 $0.00 $3,000 $0.00 $10,000
New homes only $7,000 $0.00 $5,000 $0.00 $12,000
From 1 January 2006 to 31 December 2006 Established and New homes $7,000 $0.00 $3,000 $0.00 $10,000
From 1 May 2004 to 31 December 2005 Established and New homes $7,000 $0.00 $5,000 $0.00 $12,000

* Additional Conditions: To be eligible to receive the FHOG, for contracts entered into between 1 January 2010 and 30 June 2010, the value of the property must not exceed $600,000

# Additional Condition: To be eligible to receive the Bonus and Regional Bonus for contracts entered into up to 30 June 2009, the value of the property must not exceed $500,000. For contracts entered into between 1 July 2009 to 30 June 2010, the value of the property must not exceed $600,000

The information provided in the above table is to be used as a guide only.

Thursday, February 05th, 2009 | Author:

Here are the details of the new household stimulus package by Rudd’s Government.. hope this will give you an insight who will benefit from the new package.. read on below..

Australian Government bonus payments

On 3 February 2009, the Australian Government announced the Household Stimulus Package to provide widespread assistance to low and middle-income households. The Household Stimulus Package includes one-off bonus payments for some Centrelink customers, including families, students and farmers.

Bonus payments are non-taxable and are not considered income for social security purposes.

The bonus payments are:

Single Income Family Bonus

The Single Income Family Bonus is a payment of $950 per family to provide additional assistance to families with one main income earner. It will be paid to recipients of Family Tax Benefit Part B between 11 and 20 March 2009. If you have not received your payment by this date, and believe you are eligible, please contact Centrelink.

What if I receive my Family Tax Benefit as a lump sum at the end of the financial year?

If you were eligible for Family Tax Benefit Part B on 3 February 2009 you will receive the Single Income Family Bonus. If you claim Family Tax Benefit as an annual lump sum payment, you will receive your bonus after you have lodged your Family Tax Benefit claim and tax return at the end of the financial year. If you would like to change to fortnightly payments you can do so at any time by contacting Centrelink or the Family Assistance Office.

Will I get a bonus payment if I share the care of my child?

The normal rules that apply to the sharing of Family Tax Benefit Part A will apply to the bonus. That is, where there is shared care, the bonus will also be shared.

I don’t know if I get Family Tax Benefit Part A or Part B. How can I find out?

Family Tax Benefit Part A is a payment for low to middle-income families to assist with the cost of raising children. Family Tax Benefit Part B is a payment for single parent families and families with one main income.

If you are unsure which type of Family Tax Benefit you receive check any recent letters from Centrelink or the Family Assistance Office, or logon to our online services.

Can I get more than one bonus payment?

If you are eligible for the Single Income Family Bonus and qualify for other bonus payments, you may receive more than one bonus.

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Back to School Bonus

The Back to School Bonus is a payment of $950 per eligible child to assist families with the costs of school for their children. It will be paid to recipients of Family Tax Benefit Part A who have an eligible child aged 4-18 years (inclusive). The bonus will be paid between 11 and 20 March 2009. If you have not received your payment by this date, and believe you are eligible, please contact Centrelink or the Family Assistance Office.

What if I receive my Family Tax Benefit as a lump sum at the end of the financial year?

If you were eligible for Family Tax Benefit Part A on 3 February 2009, and had a child aged 4-18 years (inclusive), you will receive the Back to School Bonus. If you claim Family Tax Benefit as an annual lump sum payment, you will receive your bonus after you have lodged your Family Tax Benefit claim and tax return at the end of the financial year. If you would like to change to fortnightly payments you can do so at any time by contacting Centrelink or the Family Assistance Office.

Will I get a bonus payment if I share the care of my child?

The normal rules that apply to the sharing of Family Tax Benefit Part A will apply to the bonus. That is, where there is shared care, the bonus will also be shared.

I don’t know if I get Family Tax Benefit Part A or Part B. How can I find out?

Family Tax Benefit Part A is a payment for low to middle-income families to assist with the cost of raising children. Family Tax Benefit (Part B) is a payment for single parent families and families with one main income.

If you are unsure which type of Family Tax Benefit you receive check any recent letters from Centrelink or the Family Assistance Office, or logon to our online services.

Can I get more than one bonus payment?

If your child is eligible for the Back to School Bonus and you qualify for other bonus payments, you may receive more than one bonus. If your child is also eligible for a One-off Training and Learning Bonus, you will not receive a Back to School Bonus.

Can I still claim the Education Tax Refund if I receive a bonus payment?

The Back to School Bonus is designed to help meet education costs for the 2009 academic year and is in addition to and separate from the Education Tax Refund.

For more information on the Education Tax Refund, please visit www.australia.gov.au

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Farmer’s Hardship Bonus

The Farmer’s Hardship Bonus is a payment of $950 to support farmers and small businesses that have been affected by drought. It will be paid to recipients of Exceptional Circumstances Relief Payment, Transitional Income Support and Farm Help Income Support between 24 March and 6 April. If you have not received your payment by this date, and believe you are eligible, please contact Centrelink.

Can I get more than one bonus payment?

If you are eligible for the Farmer’s Hardship Bonus and you qualify for other bonus payments, you may receive more than one bonus.

What if I become eligible for Exceptional Circumstances Relief Payment, Transitional Income Support or Farm Help Income Support after 3 February 2009?

To receive a Farmer’s Hardship Bonus you must have been eligible for Exceptional Circumstances Relief Payment, Transitional Income Support or Farm Help Income Support on 3 February 2009. If you become eligible after this date you will not receive a bonus.

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Training and Learning Bonus

The Training and Learning Bonus is a payment of $950 to support students with the costs of education and training. It will also be paid to some income support customers who are in significant hardship. There are two parts to the Training and Learning Bonus:

  • the One-off Training and Learning Bonus, and
  • the Temporary Supplement to the Education Entry Payment

One-off Training and Learning Bonus

The One-off Training and Learning Bonus will be paid to:

  • Recipients of Youth Allowance (students and Australian Apprentices), Austudy and ABSTUDY Living Allowance (who are over 16 or independent)
  • Recipients of Sickness Allowance and Special Benefit (who are under age pension age)
  • Families receiving Family Tax Benefit Part A for a full-time student aged 21-24 years (inclusive) on 3 February 2009.

In most cases, the bonus payments will be paid between 24 March and 6 April 2009.

Please Note: people eligible for payments under the Veterans’ Children Education Scheme or Military Rehabilitation and Compensation Act Education and Training Scheme are also eligible for this bonus. For more information visit the Department of Veterans’ Affairs website.

Temporary Supplement to the Education Entry Payment

Education Entry Payment is a payment to assist people returning to study or training. You may be eligible for Education Entry Payment if you return to an approved course of study and are currently receiving Newstart Allowance, Parenting Payment, Partner Allowance, Widow Allowance, Wife Pension, Widow B Pension, Disability Support Pension, Carer Payment, or Special Benefit (if you are a sole parent and not residentially qualified for Parenting Payment).

The Education Entry Payment will change from 24 March 2009 to 30 June 2010:

  • Education Entry Payment will include a temporary supplement of $950 (in addition to the existing payment of $208)
  • people receiving Youth Allowance while looking for work will also now be eligible for Education Entry Payment
  • to be eligible for Education Entry Payment, you must have been receiving a payment from Centrelink continuously for four weeks (down from 12 months)

For more information view the Education Entry Payment page on this website.

Can I get more than one bonus payment?

If you receive a One-off Training and Learning Bonus, you will not receive a Back to School Bonus. However you may receive the Temporary Supplement to the Education Entry Payment if you become eligible.

What if I become eligible for one of the qualifying payments after 3 February 2009?

To receive a One-off Training and Learning Bonus, you must have received one of the below payments for a period including 3 February 2009.

  • Youth Allowance (students and Australian Apprentices)
  • Austudy
  • ABSTUDY Living Allowance (and be over 16 or independent)
  • Sickness Allowance
  • Special Benefit (and be under age pension age)
  • Family Tax Benefit Part A for a full-time student aged 21-24 years

If you become eligible after 3 February 2009 you will not receive a bonus.

I received Education Entry Payment before 3 February 2009. Do I qualify for the Temporary Education Entry Payment Supplement?

The Temporary Education Entry Payment Supplement is available to recipients of Education Entry Payment from 24 March 2009 and includes customers who became entitled to the Education Entry Payment on or after 1 January 2009. If you received an Education Entry Payment before 1 January 2009, you will not receive the supplement.

When will I be paid the Education Entry Payment Supplement?

You will be paid the Education Entry Payment Supplement if you commence an approved course of study and are assessed as eligible for the Education Entry Payment. Payments will commence from 24 March 2009. For more information view the Education Entry Payment page on this website.

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Eligibility at a glance

Please Note: Eligibility for all bonus payments is based on your entitlement on 3 February 2009.

Payment Who will get it? How much? When will it be paid?
Single Income Family Bonus Recipients of Family Tax Benefit Part B $950 per family If you get your FTB payment fortnightly:

  • 11 to 20 March 2009

If you get your FTB payment annually:

  • after you lodge your FTB claim and 2008-09 tax return
Back to School Bonus Recipients of Family Tax Benefit Part A with a child aged 4-18 years old (inclusive) $950 per eligible child If you get your FTB payment fortnightly:

  • 11 to 20 March 2009

If you get your FTB payment annually:

  • after you lodge your FTB claim and 2008-09 tax return
Farmer’s Hardship Bonus Recipients of:

  • Exceptional Circumstances Relief Payment – farmers and small business
  • Transitional Income Support
  • Interim Income Support – farmers and small business, or
  • Farm Help Income Support
$950 24 March to 6 April 2009
Training and Learning Bonus
One off Training and Learning bonus Recipients of:

  • Youth Allowance (Students and Australian Apprentices)
  • Austudy
  • ABSTUDY Living Allowance
  • Sickness Allowance
  • Special Benefit (excluding people over age pension age, who received an Economic Security Strategy bonus payment in December 2008)
$950 24 March to 6 April 2009
One off Training and Learning bonus – Family Tax Benefit Recipients of Family Tax Benefit Part A with a child aged 21-24 years (inclusive) who is a full-time student $950 If you get your FTB payment fortnightly

  • 25 March to 3 April 2009

If you get your FTB payment annually:

  • after you lodge your FTB claim and 2008-09 tax return
Education Entry Payment (EdEP) Temporary Supplement Customers who would normally qualify for EdEP, plus Youth Allowance (other) customers.
The requirement for customers to be receiving a payment for 12 months before being eligible for EdEP has also been reduced to 4 weeks
$950 – in addition to the existing EdEP of $208 For all new claims from 24 March 2009 to 30 June 2010

Monday, January 05th, 2009 | Author:

Are you interested to buy or invest in a real estate property? Would you want to know if you are qualified or what is needed to be qualified? there are many options on how to do it… we could guide you and give informative datas regarding real estate property.

Real estate property is much more stable and secure compared to stock shares and other markets since properties increases every 7-10yrs… and more migrants are coming so demand and supply will take effect.. Melbourne, Queensland etc.. right now is booming so the clock is ticking.

For me, it is the right time to buy while the interest rates are low and the property at its low.. I read before a statement by a renowned investor that from the previous recession some grab the opportunity from that time… good timing and action is needed which is the key to success.

The rich don’t accumulate cash. They accumulate assets that generate cash flow for them. it’s your move… take action.

cheers!

Tuesday, December 23rd, 2008 | Author:

Economic Security Strategy – Financial assistance for Australians

Are you eligible for a lump sum payment?

The Economic Security Strategy is offering immediate support for many Australians in response to the global financial crisis.

From 8 to 19 December 2008, pensioners, families, seniors, people with disability, carers and veterans will be provided with financial assistance through the lump sum Economic Security Strategy payment. This payment builds on existing support measures, recognising that many people require immediate assistance to help them meet their needs.

From 14 October 2008 until 30 June 2009, the First Home Owners Boost provides first home buyers with financial assistance as part of the Economic Security Strategy.

Payments for pensioners, seniors, people with disability, carers and veterans

If you received an eligible pension or allowance, or held an eligible concession card on 14 October 2008, you will receive a lump sum payment of:

  • $1,400 if you are single or
  • $1,050 for each eligible member of a couple.

If you were entitled to Carer Allowance on 14 October 2008, you will receive $1,000 for each eligible person in your care. If you are sharing care with another person the payment will be based on the percentage of care provided.

Payment to families

Families will be eligible for the lump sum payment if, on 14 October 2008, they:

  • were entitled to Family Tax Benefit Part A (FTB Part A)
    or
  • had a dependent child/children enabling them to receive:
    • Youth Allowance
    • ABSTUDY Living Allowance
      or
    • an education allowance under the Veterans’ Children Education Scheme or the Military Rehabilitation and Compensation Act Education and Training Scheme and who did not receive FTB Part A

Families will receive $1,000 for each eligible child in their care.

First Home Owners Boost

payment to first home buyers purchasing or constructing a new home

First home buyers who sign contracts to purchase or construct a new home between 14 October 2008 and 30 June 2009 (inclusive) will now be eligible for a lump sum payment of $21,000 (which includes the First Home Owners grant).

Payment to first home buyers purchasing an existing home

First home buyers who sign contracts to purchase an existing home between 14 October 2008 and 30 June 2009 (inclusive) will now be eligible for a lump sum payment of $14,000 (which includes the First Home Owners Scheme grant).