Property tax can have a big impact on homebuyers and can either make or break a sale.

For homebuyers, the stamp tax will increase the overall cost of purchasing a property, potentially taking the cost over their budget. Higher property tax payments could lead to increased upfront costs for borrowers, reducing their available funds for other expenses or investments, meaning they could pull out of sale. Borrowers will roll their property tax into their mortgage, but this could result in higher long-term interest costs, or worse, rejection from mortgage providers.

Compass gives you clear accurate calculations saving thousands for homebuyers. This means more approved mortgages, more completions and more sales from satisfied home buyers.