First Home Guarantee (FHBG) Benefits and Procedures – Supporting Eligible Home Buyers to Buy a Home Sooner
The First Home Guarantee (FHBG) is an Australian government initiative designed to support eligible first home buyers in purchasing a home sooner. Here are the benefits and procedures associated with the FHBG: Benefits of the First Home Guarantee (FHBG): Reduced Deposit Requirement: Eligible first home buyers can purchase a home with a deposit as low […]
Have you noticed your loan interest rate going up?
You have probably seen in the media that most banks are increasing their interest rates on investment loans. This is in response to some pressure by the Australian Prudential Regulation Authority (APRA) to slow down the growth of investment loans to below 10% per annum. We have had many phone calls from people noticing an […]
Industry heavyweights weigh up impacts of lending change
The Adviser Magazine Industry heavyweights weigh up impacts of lending change http://www.theadviser.com.au/breaking-news/32697-industry-heavyweights-weigh-up-impacts-of-lending-changes?utm_source=The+Adviser&utm_campaign=The_Adviser_Bulletin10_08_2015&utm_medium=email The Adviser Magazine Written by Adam Zuchetti August 10, 2015 The recent changes to investor lending and bank capitalisation requirements have sparked intense debate among industry leaders, particularly regarding their implications for brokers, consumers and the wider economy. The Australian Prudential Regulation Authority […]
Investor doom and gloom leads to $1,500 cash incentives for home owners!
Despite recent changes in the property investor market, with banks restricting giving investors loans, it is not all doom and gloom for people looking to buy a home or even refinance their existing loan. Basically, a lot of the banks’ current loan portfolios have a higher percentage of investment loans than what the regulator (APRA) […]
How RBA rate changes affect your interest rate
How RBA rate changes affect your interest rate July 8, 2015 With the RBA setting the official cash rate at all-time lows, it’s a good time to work out how this impacts the interest rate on your home loan and whether you are getting a good deal or not. When the interest rate on your […]
EOFY: how small businesses can minimise tax liability
EOFY: how small businesses can minimise tax liability June 23, 2015 End of financial year is a great time to take advantage of business equipment deals, particularly with the threshold for accelerated deductions for small business being raised from $1000 to $20,000. Planning ahead and thinking carefully about your business needs are key to minimising […]
Your Loan Approval May Not Be Worth The Paper It Is Written On
Over the past few days the banks, prompted by regulators, have made it more difficult to get an investment loan. So, you may want to get a second opinion on whether your loan approval still stands. Here is what has happened Prompted by pressure from the Australian Prudential Regulatory Authority (APRA) to limit property […]
Looking for your first home in this crazy Sydney market?
Did you know we can organised pre-approved finance BEFORE you find your new home. This will give you the advantage and confidence to enter negotiations and make an offer quickly, reducing the changes of your missing out on your dream home. In a hot market like the one we are experiencing in Sydney, and particularly in […]
We May Have Had a Rate Cut, But the Screws Are Being Turned
Guest post by Graeme Salt, 14 May 2015 Whenever the Reserve Bank reduces interest rates, it is always a case of good news/bad news. Sure it is good news that mortgage repayments become lower. But it is also means that the economy is slowing. The implications of this week’s announcements are more nuanced than ever […]
Gary Ablett, Batman, The Economist and The Property Market
Australian property is 25 per cent over valued, The Economist recently concluded. Amongst the 26 property markets it monitored, The Economist concluded that Australia is the second dearest country in which to buy property. This pessimistic view is probably not shared by The Reserve Bank of Australia, nor many property sector economists. As Dr Andrew Wilson of The Domain Group […]