There’s more to buying a house than meets the eye. It can help to tally up all the costs of home-buying before you start. First home buyers can sometimes get a shock when they add up all the costs and discover that buying a house can...
If you’re a first home buyer, you may be eligible to withdraw voluntary super contributions you’ve made to put toward a home deposit. Through the First Home Super Saver Scheme (FHSSS), first-home buyers may be able to use Australia’s superannuation system as a tax-effective way to...
Offset accounts and redraw facilities are both common home loan features, but do you know the difference between them? Many home loans these days come with either an offset account, a redraw facility or both. But how do they work, and which purposes might each one be...
Property markets across Australia have taken a hit from the Covid-19 crisis – but in some areas, house prices are expected to shoot up because of the pandemic. Though national property prices slid 0.6 per cent in July, some regional areas in Victoria, Western Australia, Queensland and...
When it comes to securing a mortgage, your bank statements are a vital piece of information. They give lenders a snapshot of your spending habits, provide proof of income, and help establish that you’re a responsible borrower. So chances are you’ll need your bank statements for...
In addition to rock bottom interest rates, there are several schemes that first home buyers could use to their advantage. Here's the list of federal and state government incentives every first home buyer should be well versed with. First Home Loan Deposit Scheme Launched at the beginning...
The federal government announced on 04 June 2020 that a $25,000 grant will be available to owner-occupiers “substantially renovating” or building a new home from 4 June to 31 December 2020, after it unveiled its new $688-million HomeBuilder package. A national price cap of $750,000 has...
Tax incentives as part of the Australian Government’s economic stimulus for businesses purchasing assets are significant and are unlikely to be repeated. Eligible businesses can instantly write off the cost of each eligible asset purchased up to the $150,000 threshold prior to 30 June 2020. ...
Looking to save money on mortgage repayments ? Do you want to take advantage of lower rates ? We can unlock potentially better home loan rates. Feel free in getting touch with us – NO OBLIGATION and we will help where we can. What's our...
Instant asset write-off expansion On 24 March 2020, the Coronavirus Economic Response Package Omnibus Bill 2020 received Royal Assent. This forms part of the government's measures to support businesses to withstand and recover from the economic impact of COVID-19. This package includes increasing the instant asset write-off. From 12 March 2020 until...