Super Choice Conveyancing

02/18/2025

The Reserve Bank of Australia (RBA) has kicked off 2025 with some great news for homeowners. The cash rate has been slashed 0.25 percentage points to 4.10 per cent. The announcement comes after better-than-expected inflation data showed that inflation is heading towards the RBA’s targets.

For those who are looking to buy, today’s announcement may improve your borrowing capacity.

Please contact us if you need any support for buying and selling your property.
Super Choice Conveyancing-

02/07/2023

As expected, the Reserve Bank of Australia increased the official cash rate by 25 basis points to 3.35% at its first monetary policy meeting of the year.

The move was the ninth rise in as many meetings and comes after Australia’s annual inflation rate reached a 30-year high of 7.8% over the December quarter.

12/11/2022

SRO news and updates


Notifications due 15 January 2023
Notifications for vacant residential land tax and the absentee owner surcharge are due by 15 January 2023. If you made a notification last year, you only need to make a new one if your circumstances have changed.

Vacant residential land tax
Vacant residential land tax was waived in 2021 as part of Victorian Government coronavirus relief measures, and re-commenced in 2022. You must notify us online if you own a property in inner and middle Melbourne that was vacant for more than six months in 2022.

Absentee owner surcharge
An absentee owner surcharge applies to Victorian land owned by an absentee individual, corporation or trust. If you are an absentee owner, you must notify us via our absentee owner notification portal.

Christmas-New Year closure
Our customer service centre will be closed for the Christmas-New Year period from 5pm on Friday 23 December 2022 until 8.30am on Tuesday 3 January 2023. During this period, you can still contact us online and our online systems, tools and calculators will be available.

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Victoria State Government

11/01/2022

The Reserve Bank of Australia (RBA) has increased the cash rate a further 25 basis points to 2.85 per cent today, signalling more interest rate pain for mortgage holders.

Read the official statement on the RBA’s website.‌ ‌

Today’s decision follows six consecutive rate increases from May to October. Reserve Bank Governor Philip Lowe has warned Australians there are more interest rate rises ahead.

Australia’s inflation rate now sits at 7.3 per cent, the highest inflation rate since 1990, which along with the higher cost of borrowing is putting the squeeze on household budgets.

08/16/2022

Land tax — exemption for construction or renovation of a principal place of residence (PPR).
Please follow the link for more information.

An exemption from land tax applies to land on which a principal place of residence (PPR) is being constructed or renovated.