Author: Otto Dargan
$1 LMI For First Home Buyers
error The $1 LMI campaign offered by banks has now concluded. Please visit Waived LMi Or No LMI to find out what offers are available. A non-major lender has announced that you’ll only need to pay $1 in Lenders Mortgage Insurance (LMI) if you’re borrowing 85% of...
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bookmarkTags: First home Buyer, Lenders Mortgage Insurance
How COVID-19 Has Changed Australian Home Ownership Goals
Research conducted by Westpac and ING has revealed what Australians want in their next home, where they want to buy and how they have reignited their dreams of home ownership due to the pandemic. Recent research by Westpac revealed that COVID-19 restrictions have impacted...
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bookmarkTags: First home Buyer, HomeBuilder
First Home Loan Deposit Scheme: How To Secure Your Spot?
It came as no surprise that first home buyers quickly snapped up all 10,000 places of the First Home Loan Deposit Scheme during the last financial year. Under the scheme, first home buyers with a 5% deposit saved anywhere between $10,000 and $30,000 in LMI fees based on the...
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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...
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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...
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bookmarkTags: Construction, construction loan, First home Buyer
NAB Guarantor Home Loan Withdrawn
Effective from 25 May 2020, NAB will not accept parents as guarantors on their home loans or investment loans. NAB will not be able to do no deposit home loans for first home buyers who want to use their parents on their home loan. It updated their guarantor lending policy...
Read morefolderCategory: Policy Changes
bookmarkTags: First home Buyer, Guarantor loan, NAB
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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bookmarkTags: NSW, Stamp Duty
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
Will Your Income Be Affected By The Coronavirus?
How will coronavirus affect employment? A long period of low unemployment has left many Australians unprepared for a period of reduced income. As social distancing, work from home and potentially lockdowns affect Australia it’s likely that many people will not be able...
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bookmarkTags: Bonus income, coronavirus
Tips For Business Owners During The Coronavirus Outbreak
Will your business be affected? The economic impact of the coronavirus could be as bad, or worse, than the Global Financial Crisis that occurred in 2008. What are the possible impacts? Supply chain disruption. Forced closure due to a lockdown, yet still being required...
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bookmarkTags: coronavirus