The days of questioning if a mortgage broker was recommending you a loan because it was the best for you are over, thanks to Best Interests Duty Law (BID). From 1 January 2021, Best Interests Duty laws came into effect for mortgage brokers and financial advisers....
Your credit score, may also referred to as Equifax Score, is used by some of your potential lender to determine the risk of offering a loan to you. This is an automated rating system and based on your credit file as well as the information...
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...
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...
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...