The Government announced to do more to help ease entry barriers, putting home ownership in reach for more Australian’s. Key Points: The Government will be expanding the Home Guarantee Scheme for eligible home buyers to 50,000 places per year; New Home Guarantee will run for a second year, enabling first home purchasers to build a […]
PEXA Property and Mortgage insights reports that buyers splashed out on Australian property, summing to a total of $688.7B. The value of sale settlements jumped nationally by $251.0B, being an increase of 57.3% on 2020.
Few key factors to consider…… Purchase price and affordability is a major factor when buying an investment property. Know whether your investment property will accumulate neutral or positive cashflow. Less income spent potentially allows for the property portfolio to build and grow faster. Location…..whether purchasing your investment property city base or regional, consider an area […]
The new $470 million Maitland Hospital is to open to patients Wednesday 19th January 2022. The hospital will meet the growing region health needs for Maitland and the community of the surrounding suburbs of the Hunter Valley. Visit www.newmaitlandhospital.health.nsw.gov.au
The slightest variance in interest rates can make a difference, in thousands of dollars over the life of a home loan. Compare mortgage rates and keep tabs on whether interest rates are trending up or down. With competitive rates and affordable payment terms looking for the best interest rates may save you money.
Reminder that as from the 1st August 2021, thresholds will revert to the previous parameters: New Homes valued less than $650,000, full exemption from transfer duty applies New Homes valued between $650,000 and $800,000, concessional rate of duty applies Vacant Land valued less than $350,000 full exemption from transfer duty Vacant Land valued between $350,000 […]
The Reserve Bank has left the official interest rate at a record low of 0.1% for the eighth month running, after meeting on the 6th July 2021. While there is no change to the cash rate target, the RBA has signaled that a rise may still come a little earlier than first indicated.
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 […]