First Home Owners

20/10/20

Interest Rates

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.
17/09/20

Land Value and Rates

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 […]
11/08/20

Stamp Duty Paused!

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 […]
29/04/20

Message to Our Customers

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 […]
13/09/19

Deposit gap scheme opens the door to home ownership: UDIA’s Connie Kirk

 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 […]
12/09/19

Financing your new home build

Trying to get into any property area is difficult for First Home Owners, but the Central Coast has always proved to be an affordable option, especially when building in a new estate like Yeramba’s Hamlyn Grove. Adding the attraction of brand new home with personal choices, it makes an enticing option. However, finance for new […]
11/07/19

Housing affordability is the best it’s been in 20 years according to the HIA

House prices may be high, but the combination of lower home prices, improvements in wage growth and lower interest rates have contributed to the ongoing improvement in the HIA Affordability Index for the June 2019 quarter. HIA’s Affordability Index is calculated for each of the eight capital cities and regional areas on a quarterly basis […]
23/05/19

Finally a First Home Owner Loan Deposit scheme

Prime Minister Scott Morrison has announced a new First Home Loan Deposit Scheme that will enable first home buyers to access a mortgage with a 5 per cent deposit. Mr Morrison said: “It can take nine to 10 years for an average household to save a deposit. We want to help Australians realise the goal […]
14/03/19

How to build the perfect home

Some 214,000 homes were built in Australia in 2018, proof that our love affair with owning our own home continues unabated. And while some of us opt for architect-designed homes and others for builds they manage themselves, the house and land package market is booming. But for the novice, the whole process might seem a […]

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