James Murphy - Select Home Loans

23/06/2025

Unlock Your First Home with The First Home Owners Grant !

Just a friendly reminder about the fantastic opportunities available to get you into your first home with the First Home Owners Grant (FHOG)!

What is FHOG?

The FHOG is a one-time grant designed to help first-time buyers enter the property market. Funded by states and territories, it offers unique benefits and rules per region.

Quick Guide for NSW:
• Grant Amount: $10,000
• Eligible Properties: New homes up to $600,000, or up to $750,000 if building or owner-builder
• Bonus: Transfer duty exemptions and concessions for homes and land within specific value ranges
How to Apply in NSW

Applying is simple! Just complete the application form.

Eligibility:
NSW applicants must:
• Fully complete and lodge the application form with all relevant supporting evidence
• Be a natural person (i.e., not applying as a company or trust), at least 18 years old, and whose interest in the property is not held subject to a trust
• Ensure at least one applicant is an Australian citizen or a permanent resident
• Be buying or building a new home for which the comprehensive home building contract was signed on or after 1 July 2023, or building a new home as an owner builder where building commenced on or after 1 July 2023
- Be buying a new home with a contract signed on or after 1 July 2023 for which the total value of the property does not exceed the $750,000 cap, or
- Be buying a new home with a contract signed on or after 1 July 2017 for which the total value of the property does not exceed the $600,000 cap, or
- Be building a new home with a contract signed on or after 1 July 2023, or as an owner builder where building commenced on or after 1 July 2023 for which the total value of the property does not exceed the $750,000 cap.
• Ensure each person holding a relevant interest in the property is an applicant
• Ensure at least one applicant will reside in the home as their principal place of residence for a continuous period of at least twelve months commencing within 12 months of completion of the eligible transaction. ADF members enrolled on the NSW electoral roll at the transaction’s start date are exempt from this requirement.
Applicants and their spouse/partner must not:
• Have previously received a First Home Owner Grant in any State or Territory of Australia. If a grant was received but later paid back together with any penalty, they may be entitled to the grant
• Have previously owned or held a relevant interest in a residential property anywhere in Australia before 1 July 2000
• Have occupied for a continuous period of at least six months a residential property in which they acquired a relevant interest on or after 1 July 2000 anywhere in Australia.
Quick Tips for Timely Application Assessment:
• Familiarise yourself with the Lodgement Guide
• Complete all required fields
• Provide Supporting Documents: Refer to Section 8 - Supporting Documentation Checklist in the application form for the necessary documents.
• Review the application for accuracy
• I can help submit the application via participating lenders or directly with Revenue NSW.

State-Specific Information:

Australian Capital Territory: Grant replaced by Home Buyer Concession Scheme - Full stamp duty concession.

Victoria: Grant Amount: $10,000 - Eligible Properties: New homes up to $750,000 - Bonus: Stamp duty exemption for homes up to $600,000, with concessions for homes valued between $600,001 and $750,000.

Queensland: Grant Amount: Up to $30,000 (for contracts signed between 20 Nov 2023 and 30 Jun 2026) - Eligible Properties: New homes up to $750,000 - Bonus: Stamp duty concessions for homes up to $800,000

South Australia: Grant Amount: Up to $15,000 - Eligible Properties: New homes that will be the principal place of residence - Bonus: Stamp duty relief for new homes or vacant land.

Tasmania: Grant Amount: $10,000 - Eligible Properties: New homes or off-the-plan properties - Bonus: Full property transfer duty discount for established homes up to $750,000 (for purchases between 18 Feb 2024 to 30 June 2026)

Northern Territory: Grant Amount: $10,000 - Eligible Properties: New homes only - Bonus: Various grants, concessions, and rebates

Western Australia: Grant Amount: $10,000 - Eligible Properties: New homes up to $750,000 (south) or up to $1 million (north) - Bonus: Stamp duty concessions for properties located in Perth Metropolitan and Peel regions up to $700,000 and up to $750,00 for properties outside these regions (amount varies depending on purchase price).

First Home Owner Grants offers and conditions differ across states and territories. For the most up to date details head to firsthome.gov.au.

Send a message to learn more

26/05/2025

EOFY approaching. Need a great deal on a brand new car?
Contact me to help arrange assistance via a reputable Australian-owned online car buying company dedicated to providing a highly personalised service and helping clients to find their new car - all in the fastest response time imaginable.

I can also help with the finance whether it be for private or business use.

Send a message to learn more

26/05/2025

Queensland Transfer Stamp Duty changes.

On Thursday 1 May 2025, eligible first home buyers purchasing a new home or vacant land to build a new home in Queensland will no longer pay any transfer stamp duty, regardless of the property’s value.

This follows the Queensland Government’s updates to transfer stamp duty.

Customers must meet the following requirements to be eligible for this concession:
• Be at least 18 years old;
• Not have previously owned residential property in Australia;
• Occupy the new home for at least one year after settlement, or build and occupy the home within two years of settlement if purchasing vacant land;
• Not sell or lease the property within the first year of occupancy.

First Home Owner Grants apply!

Send a message to learn more

20/05/2025

Good afternoon,

The Reserve Bank of Australia (RBA) has reduced the cash rate by 0.25 percentage points to 3.85%, as announced following the March 2025 quarter’s inflation data. The Consumer Price Index (CPI) rose by 2.4% over the past year, with underlying inflation falling to 2.9%, the lowest since December 2021.

Key Details
• A 25-basis point reduction, as outlined in the RBA’s official statement (available on their website).
• RBA Governor Michele Bullock noted strong progress in managing inflation while maintaining low unemployment, positioning the economy well for future challenges.
• Economists anticipate potential further cuts, possibly to 3.6% by mid-2025, depending on economic data.

Opportunities
• Lower rates may reduce loan repayments, offering a chance to review your mortgage and overall debt position to align with your financial plan.

Contact me for a free mortgage review.

Send a message to learn more

11/06/2024

𝙶𝚛𝚎𝚊𝚝 𝚗𝚎𝚠𝚜 𝚏𝚘𝚛 𝚀𝚞𝚎𝚎𝚗𝚜𝚕𝚊𝚗𝚍 𝙵𝚒𝚛𝚜𝚝 𝙷𝚘𝚖𝚎 𝙱𝚞𝚢𝚎𝚛𝚜!!!

The Queensland Government is lifting the Stamp Duty Threshold for First Home Buyers from $500,000 to $700,000, with the concession then phasing out up to values of $800,000.

What does this mean for you? Your deposit will reduce, helping you enter the market with your first home.

Give me call to discuss what government incentives you are eligible for.

James M: 0413 122 594

21/05/2024

Is your business ready for the EOFY?

Speak to your accountant about what incentives your business can claim this EOFY, including instant asset write off, to maximise your tax benefits.

I can help you find the right loan to achieve your goals.

💵 Business loans
💵 Equipment finance
💵 Vehicle finance
💵 Commercial property Loans

Contact me to discuss your personal or business finance requirements.
M: 0413 122 594
E: [email protected]

16/05/2024

𝙁𝙞𝙧𝙨𝙩 𝙃𝙤𝙢𝙚 𝙊𝙬𝙣𝙚𝙧 𝙂𝙧𝙖𝙣𝙩 (𝙁𝙃𝙊𝙂) 𝙌𝙇𝘿

If you’re a first home buyer in Queensland, you could be entitled to $30,000 towards buying or building a brand new home, including a substantially renovated existing property. Maximum purchase price $750,000.
NB. If in conjunction with below scheme, $700k purchase price maximum applies.

HOME GUARANTEE SCHEME

• Government guarantees 15% of the loan and you put in 5% deposit and costs. Borrow up to 95% of the purchase price.
• People who have owned property over 10 years ago can also qualify for this deal.
• $200k combined gross income per annum for joint applicants and $125k for single applicants.
Maximum purchase price $700k
Single parents 2% deposit and costs. Borrow up to 98% of the purchase price .
No lenders mortgage insurance!
Do you qualify?

Contact me I can help you complete HGS and FHOG applications as a part of your home loan application.
Pre-approvals welcome.

M: 0413 122 594
E: [email protected]

08/05/2023

Temporary full expensing rules are ending on 30 June 2023: What does this mean for your business?

If you would like to invest in your business with eligible assets and claim temporary full expensing for the 2022-23 income year, ensure you meet the necessary conditions by 30 June 2023. Delivery and installation of assets needs to occur before the deadline to be eligible so act quickly and organise your finance today.

If you have any questions or would like to discuss your finance options to take advantage of this scheme give me a call. M: 0413 122 594

04/05/2023

May the 4th be with you as the Reserve Bank of Australia (RBA) increase the official cash rate for the 11th time in the past year, taking it to 3.85%. A lot of households are feeling the pain of these rate rises.

If you are worried about your mortgage, give me a call to look at options to help you manage these rate increases. M: 0413 122 594

[email protected]

06/04/2023

🐣🌸 Wishing you all a very happy and safe Easter 🌸🐇

I’ll be joining those taking this time to spend with family and friends.

My office will be closed from 5pm Thursday 6 April 2023 until 8am Tuesday 11 April 2023. I will be available over the Easter school holidays (excluding public holidays).

This time of new beginnings could be the perfect opportunity to get in touch with me about your financial goals 🌱

14/01/2023

If you are an eligible first home buyer in NSW, you now have a choice between paying stamp duty or a smaller annual property tax.
From 16 January 2023, eligible first home buyers in NSW wanting to purchase a property for up to $1,500,000, or land which they intend to build on for up to $800,000, will be able to choose between:
- paying transfer duty (previously known as stamp duty) or
- an annual property tax under a new government scheme called -First Home Buyer Choice
Existing transfer duty exemptions and concessions for first home buyers in NSW will continue to apply for eligible purchases of up to $800,000.

Contact me to discuss which option best suits for your financial position. M: 0413 122 594 or E: [email protected]

For more information on this initiative, please refer to the following NSW Government First Home Buyer Choice website. https://www.nsw.gov.au/initiative/first-home-buyer-choice

09/12/2022

Is a new home on your Christmas wish list?

I'll be working throughout the festive season so let's catch up and discuss how we can tick off your Christmas wishes.