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...
In days gone by, customers were rewarded for being loyal, however, today this doesn't seem to be the case. The practise of charging more on mortgages for older loans, compared to discounting for new clients has become such common practice, the Reserve Bank of Australia has...
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...
Many people are cashing up to purchase investment properties in the current low interest environment. When it comes to structuring the finance needs of an investment property or property portfolio building, Chamila Suraweera at Finance Circle Group says there are three things in particular that he does to help...