Author: Otto Dargan
Australians Are Paying Too Much On Their Home Loan: ACCC
Australians with older home loans are losing thousands of dollars by not checking for better home loan rates. Borrowers are spending far too much repaying their home loans by not seeking a lower interest rate from their exisitng lender or switching to a new lender. You...
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bookmarkTags: home loans, Refinance
Pros And Cons Of Interest Rate Drop
On November 3rd, the Reserve Bank of Australia (RBA) announced a record low interest rate cut that reduced the cash rate to an unprecedented 0.10 per cent. A rate cut can prove beneficial with home financing, but the impact depends on what type of mortgage the client has,...
Read morefolderCategory: Home Loan Articles
bookmarkTags: fixed or variable, interest rate drop, RBA rate cut
Australian Property Market Update: November 2020
The Australian property market is continuing its recovery, with housing values for November 2020 rising 0.8%. This is on the back of the 0.4% rise in October 2020. Melbourne’s values experienced a 0.7% growth, surpassing the 0.4% and 0.6% growth experienced by...
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bookmarkTags: Australian property, Australian property market, Property Market
Should You Buy A House During A Recession?
Australia is currently in a COVID-19 induced recession. However, this recession is different because: This is a COVID-19 induced recession and not caused by economic downturns. The government implemented lockdowns to control the spread of coronavirus which led to a contraction...
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bookmarkTags: home buyers
Victoria Announces Stamp Duty Waivers Plus $6 Billion For Housing
In its 2020-2021 state budget, the Victorian government announced that it will invest $6 billion to build more than 12,000 new social and affordable homes and make housing more accessible and affordable for Victorians. According to the government, the package is Australia’s...
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bookmarkTags: Stamp Duty, Victoria
NSW Stamp Duty Changes: What Are The Benefits?
We have updated information regarding the NSW Stamp Duty reform here. close The New South Wales government is proposing to abolish stamp duty as part of its 2020-21 budget announcement on 17 November 2020. Instead of paying stamp duty upfront,...
Read morefolderCategory: First Home Buyers, News
bookmarkTags: first home buyers, home buyers, NSW, Stamp Duty
folderCategory: Property Market
bookmarkTags: Australia property market, property market update
Australian Property Market Update: October 2020
After five months of decline, the national home value index finally moved back to a positive in October 2020. According to CoreLogic, the index shows a rise of 0.4%. Every capital city in Australia, except for Melbourne, recorded a rise in their values over October...
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bookmarkTags: Australian property, Property Market, property market update
Newsflash: Major Banks Drop Fixed Rates To 1.98%
RBA announced the history-making rate cut on November 3rd in which they slashed the cash rate to a record low of 0.10%. The big four banks have made significant rate cut to fixed home loan rates. One of the major banks has reduced the fixed-rate to the lowest ever at just...
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More Australians Looking To Buy A Home Now Than Ever
Consumer sentiment is on the rise but is it enough? The government’s unprecedented level of stimulus amidst the COVID-19 pandemic such as the Jobseeker, Jobkeeper, HomeBuilder have helped restore confidence in the economy. According to the Westpac-Melbourne Institute...
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bookmarkTags: owner-occupied loans, property market sentiment