The RBA is keeping interest rates at the historically low of 0.1%, noting that the housing market has strengthened. Growth to owner occupiers had picked up, and strong demand from first home buyers. Research from CoreLogic showed that home prices soared at the fastest rate in 32 years in March. The bank will continue to […]
Proposed changes to Stamp Duty, may provide freedom to choose paying Stamp Duty upfront or paying a smaller annual property tax. Removing the upfront Stamp Duty cost, removes thousands of dollars from the home purchase process making home ownership more achievable. This proposed change is only if purchasing. There is no change if you have […]
See it and Believe it…….. The Reserve Bank has reduced the official interest rate to a new historic low to 0.1%.
The Reserve Bank has left the office interest rate on hold at the historic low of 0.25%. This now marks the seventh month in a row without a change! This decision means that the interest rate on loans remains stable assisting households and businesses.
Local Councils use The Valuer General land value to distribute rates across their local government areas. The Valuer General does not set rate fees for councils. Changes to land value may not necessarily lead to changes to local council rates. Local Councils choose a combination of rate charges and fees for it’s area and community […]
NSW State Premier announced that as from the 1st August 2020, stamp duty tax would be temporarily paused for new homes priced under $800,000 for first home buyers. The NSW Government expects around 6000 first home buyers to benefit from the plan designed to support the construction industry and generate new jobs through the Coronavirus […]
Dear valued customers, Yeramba Estates and its associated companies is committed to the health and wellbeing of our people, clients and consultants. Just like other crises, the current COVID-19 situation will eventually pass. We are not saying that we should not all be careful nor cognisant of the risks caused by this virus. Nor are […]
First Home Buyers will have an opportunity to enter the property market with a smaller deposit under a New Federal Government (new home loan deposit) Scheme which commenced 1st January 2020. Under the scheme, first home buyers with a deposit as small as 5% may be able to apply for a mortgage, which the government […]
The introduction of legislation giving effect to the Commonwealth Government’s deposit gap scheme is the first step in easing the pathway to home ownership. The scheme – promised on the eve of the federal election – helps reduce barriers to home ownership by closing deposit savings requirement and effectively reducing mortgage insurance costs. We welcome […]