Author: Otto Dargan
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
folderCategory: News
bookmarkTags: mortgage deferral, repayment pause
Why You Shouldn’t Let The Pandemic Put Your Plans For Pre-approval On Hold
It’s hard to believe we’re in the middle of a pandemic with the Australian Bureau of Statistics (ABS) data shows that Australians secured $16.3 billion in owner-occupier loans in August 2020. This is a 13.6% increase in August, which is the largest rebound since...
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Australian Property Market Update: September 2020
Falling home values in Sydney and Melbourne pushed the national housing market into its fifth consecutive month of decline. Six of the eight capital cities had a rise in their home values over the month. Only Sydney and Melbourne recorded a decline of 0.3% and 0.9%...
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bookmarkTags: Australian Federal Budget, Australian property, first home buyers
Budget 2020: Helping First Home Buyers & Infrastructure Development
The focus of the 2020 Federal budget is to help Australians get through the COVID-19 recession by boosting business and consumer confidence and growing the economy and creating jobs. Here’s what Federal Treasurer, Josh Frydenberg announced for the 2020 Federal Budget. 10,000...
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bookmarkTags: Australian Federal Budget, Budget 2020, First home Buyer, Property Investment
Responsible Lending Laws To Be Terminated By March 2021
What are responsible lending laws? The Rudd Labor government tightened the responsible lending law in 2009 following the GFC. The laws required lenders to make more of an effort to figure out whether would-be borrowers can afford to repay their debt. The responsible lending...
Read morefolderCategory: Policy Changes
bookmarkTags: home loan approval, responsible lending laws