As the impact of COVID-19 continues to penetrate through our economics and unemployment continues to rise overnight, Australians who have got mortgages are now being placed in difficult financial situation as their income sources getting cut off. But extreme times comes with extreme measures! Thankfully under the direction of government, banks are providing repayment relief…
Read more
House prices are rising in Melbourne and Sydney – one of the desired effects of the RBA’s historically-low rates. But do low rates always lead to higher prices? Just weeks out from last Christmas, the RBA decision to keep rates steady in December at 0.75% didn’t come as a surprise. In fact, it suggests we’re…
Read more
Australia’s cash rate is at its lowest level in history. Does that mean the time is right to make the most of the low cash rate environment and refinance your mortgage? When discussing the Reserve Bank of Australia’s February decision to hold rates, Governor Philip Lowe was unambiguous in his take. If you took your…
Read more
Looking to utilise FHLDS to get into the property market this year? Well, we have compiled together the list of the most frequently asked questions (FAQ) so you can check this yourself before jumping onto the FHLDS! What is the process of utilising FHLDS to secure my home? Request for scheme reservation – liaise with…
Read more
This month we are sharing a success story at Ballarat! Secured by my client himself for $390,000, this 3 bedroom, 1 bathroom, 2 garage house sitting on 630sqm block presents excellent future opportunities: Location – in the decent and wealthy family-oriented suburb of Alfredton with good schools nearby including Ballarat High & Loreto College. Building…
Read more
For lenders, the ideal customer has a steady income, ongoing employment and the ‘right’ paperwork. Here’s what you can do to get a loan even with an “unstable” income. From launching a start-up, to contracting in the ‘expert economy’ or just renting out the spare room as an Airbnb, more and more Australians have sources…
Read more
The barriers a first home buyer faces when entering the property market are well documented. So, will the government’s new First Home Loan Deposit Scheme (FHLDS) help, or not? Here’s a guide to who’s eligible, how it will work and what the new scheme may mean for the housing market. Have you got a spare…
Read more
This month we go back up to our sunshine state with another successful Kallangur property! Sourced off market by Simon Loo from House Finder for our mutual client for $400,000, this 4 bedroom, 2 bathroom, 2 garage house sitting on 401sqm block presents decent yield and good money for value: Location – within walking distance…
Read more
Low rates mean those with mortgages may be breathing a sigh of relief, but low interest on savings accounts make it much harder to save and grow your money. Have you checked the amount of interest you’re getting your savings accounts recently? Chances are it’s sitting around 1%. The RBA’s record-low interest rate is designed…
Read more
The story says young Australians struggle to buy their first home, while their parents negatively gear investment properties. Are boomers to blame? Or do millennials’ habits keep them from owning property? Baby boomers have a 95% rate of homeownership, whereas, at the bottom of the ladder, millennials are doing it tough. Increasingly they’re relying on…
Read more
