Author: Otto Dargan
Australia Property Market Update: August 2020
CoreLogic reveals that Australia’s property market is experiencing a fourth consecutive month of COVID-induced price falls, with home values dipping by 0.4% in August. However, home values for the 12 months to August 31, 2020, are still 5.8% higher than in 2019. Even...
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bookmarkTags: Australian property, property market update
Australia Property Market Update: July 2020
It is the third consecutive month of decline for Australia’s property values. CoreLogic’s home value index dropped 0.6% over July 2020 and the median property value is $552,912. Sydney and Melbourne are still leading the decline in home values at 0.9% and...
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NAB’s Home Loan Policy On Post-retirement Repayment Plan
In its commitment towards responsible lending, National Australia Bank (NAB) has revised its credit policies around borrowers who are approaching a retirement age. From 25 July 2020, NAB will ask its customers about how they will manage their home loan repayments after retirement. Therefore,...
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Coronavirus & The Property Market: Large Price Falls Unlikely
Gloomy forecasts of property price falls between 20% and 30% are now looking very unlikely unless a second wave of Coronavirus hits Australia. While the May 2020 CoreLogic Home Value Index revealed a 0.4% drop in national dwelling values, it was not the drastic plunge in values...
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bookmarkTags: coronavirus, Property Market, Property Market Report
What Is The HomeBuilder Grant?
What is the HomeBuilder grant? It is a $25,000 tax-free grant given to eligible owner-occupiers, including first home buyers. The grant can be used to: Build a new home Renovate an existing home The HomeBuilder grant is a federal scheme designed to help the Australian...
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bookmarkTags: Construction, construction loan, First home Buyer
NSW Plans To Abolish Stamp Duty
We have updated information regarding the NSW Stamp Duty reform here. close error We have a page on NSW stamp duty changes with information on stamp duty waiver for first home buyers, effective from 1 August 2020. In order to revive the NSW...
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CBA’s Home Loan Repayment Change
From 1 May 2020, Commbank’s home loan repayment is automatically changed to the minimum, to free up household spending. By only repaying the minimum amount, CBA estimates that it will release up to $400 per month for customers who have been hard-hit by the coronavirus. This...
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bookmarkTags: extra repayment, home loan repayment
folderCategory: Property Market
bookmarkTags: Property Market Report, property market update, Property Update
Property Market Update – January 2020
All capital cities experience upward trajectory Australia’s housing market is still going through a rebound, with a 0.9% increase in the home value index during the month of January. The Australian house market continued its upward rise in January 2020 across all capital...
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Credit Reporting Code Amended: Big Win For Consumers
Tens of thousands of Australians whose credit ratings have been unfairly impacted by civil court actions such as court writs, summons, and judgments can breathe a sigh of relief. The Office of the Australian Information Commissioner (OIAC) approved changes to the Credit Reporting...
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bookmarkTags: Credit file, Credit Reporting Code