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The increase in the first home owners grant for Australians from $7,000 to $14,000 for an existing home and $21,000 for the purchase of a new home may be welcome relief if you’re starting out, but for those of you that are already locked and loaded with a mortgage and contemplating a move to a new home it’s not so rosy given the current economic climate.
A possible alternative to selling in a flat market and then spending $50,000+ on government taxes and charges may be to stay put and renovate your existing home to meet your future needs.
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