Whether you are just beginning your property-purchase journey, or adding to your portfolio, a common stressor is determining how much to offer and how to put your best foot forward when there is competition. As we arguably enter a slightly better buyers’ market than the start of the year (house price growth as a national … Read more
The Reserve Bank of Australia (RBA) today moved the official cash rate for the second month in a row from 0.35% to 0.85%. Last month the bank increased the cash rate from the historic low of 0.1%, where it had been since November 2020. Since last month’s cash rate increase, 97% of lenders in our … Read more
If you invest in property, it could be positively or negatively geared. And it has nothing to do with mechanics or engineering. It refers to whether the income you receive for the property is higher or lower than the overall amount you pay to own it. These can have implications for the investor, not only … Read more
When you work for yourself, you may pay yourself a consistent income, but, more likely, your earnings fluctuate month to month. You may have experience managing your personal cash flow to accommodate this, however lenders tend to look for stability and a track record of making ends meet. So, if you are self-employed and want … Read more
The Reserve Bank of Australia (RBA) today announced the cash rate increased from a record-low 0.1% to 0.35%. This is the first time the RBA made a change to the cash rate since November 2020 saying now was the right time to begin withdrawing some of the “extraordinary support that was put in place to … Read more
You’ve found the property. Your broker has helped you find the right loan with a competitive interest rate and all the features you want. You’ve completed the application and now you’re waiting for settlement. As the day comes you look through the paperwork but that competitive fixed interest rate you applied for has just jumped … Read more
A guarantor could enable you to purchase a property sooner and potentially save thousands of dollars By using the equity they’ve built up in an existing property, a guarantor may provide security that enables you to buy a home or invest in residential property (known as a security guarantee). They may also offer a security … Read more
The Albanese government has advanced two small business tax incentives that were announced in the Morrison government’s final budget. Draft legislation has been introduced to parliament for the Skills and Training Boost and the Technology Investment Boost. Under the Skills and Training Boost, small businesses can deduct an additional 20% of expenditure incurred on … Read more
Everything you need to know about buying your first home, or moving into a new home. Going from buyer to homeowner might seem like a daunting journey, but as long as you’re prepared, buying your first home can be a smooth process. Before you start your house hunt, there are a few things to consider. … Read more
You can get a leg-up on other buyers and shop for your new home with confidence if you’ve been pre-approved for a home loan. A formal pre-approval is a critical step in purchasing property – it’s when a lender gives you an approved amount to borrow based on a full assessment of your financial situation. … Read more
