Author: Otto Dargan
Major Banks Increase Rates
On Friday, 10 February 2012, ANZ announced increase of its interest rates on standard variable home loans and business loans by 6 basis points, that is by 0.06%. ANZ is currently offering 7.36% on variable interest home loans. While ANZ increased its standard variable home...
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ANZ Increases Interest Rates
Variable Interest rates for ANZ customers are to increase by 0.06% as announced by ANZ today. This announcement came after the monthly meeting of Reserve Bank of Australia for the month of February. What are the Reserve Bank of Australia’s lending rates? RBA interest...
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The LAFHA Changes Affect Non-Residents
Temporary visa holders on the Living Away From Home Allowance (LAFHA) will now have a reduced income due to changes in the LAFHA policy. This may affect your borrowing capacity. Read on to find out how. What is the LAFHA? LAFHA is an allowance that is designed to be paid...
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bookmarkTags: 457 Visa, Government, Home Loan, Mortgage, Non-Resident
Top 10 Things To Know When Getting A Mortgage
Thinking of getting a loan to purchase a property? Prepare to be introduced to some difficult terminology and financial concepts that may leave your head spinning! Luckily we’ve compiled a list of the top ten things you need to be familiar with when you start looking...
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NSW Mortgage Witness Requirements
The New South Wales (NSW) Government has recently passed legislation tightening the witnessing requirements for mortgages over NSW property. Previously witnesses for NSW Mortgages were only required to have known the person signing the Mortgage personally or be provided with...
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bookmarkTags: Loan Offer, Mortgage
NSW To Restrict Stamp Duty Exemptions
From January 1, 2012, New South Wales first home buyers will only be eligible for a stamp duty exemption on newly built and “off the plan” homes. These changes will significantly disadvantage a large majority of first home buyers, as over 80% of homes bought in...
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bookmarkTags: Construction, Exemption, First home Buyer, First Home Owners Grant, Government, Home, Lenders, NSW, Ownership
Redirecting Your Direct Debits
The Gillard government has announced that they will introduce a new program that will allow customers to switch bank accounts without the need to change details of billing, salary, mortgage payments and deposit accounts. This is a great initiative as many people simply do...
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Why Do Small Businesses Fail?
We’ve all heard that a high percentage of small businesses fail in their first five years. Only around one in ten are still around for their sixth year! This is an incredible statistic, and highlights just how hard it is for entrepreneurs to get their ideas off of the ground. So...
Read morefolderCategory: Low Doc Loans, Unusual Employment Loans
bookmarkTags: Mortgage, Self Employed, Small Business
Queensland Building Boost Grant
The Queensland government has announced a new grant for eligible property purchasers called the “Queensland Building Boost Grant”. How much is the grant? Details are as follows: the amount of the grant is $10,000. the grant is available to any person,...
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bookmarkTags: Construction, First Home Owners Grant
folderCategory: Property Types
bookmarkTags: Over 55, Stamp Duty