The Australian Federal Budget 2023-24 has brought about some changes for home buyers and SME owners. In this article, we’ll take a closer look at the key measures that could impact your finances and provide insights on how to prepare for the year ahead. From tax cuts to incentives for first-time home buyers, read on to discover the implications of …
Just announced! Big news for anyone who is interested in buying a house using the Home Guarantee Scheme. Eligibility criteria for all elements of the scheme — including the First Home Guarantee, the Regional First Home Buyer Guarantee, and the Family Home Guarantee — will be expanded from July 1st 2023 as the government continues to address Australia’s housing challenges. WHAT IS THE FIRST HOME …
With 2022 behind us it’s time to look forward to see what 2023 could have in store. This way, we can assist you to best prepare for what’s to come! Top 3 brokers predictions for 2023 As reported in TheAdviser on 3 Jan 2023, here are 3 trends that brokers expect to see in 2023: REFINANCING DEMAND TO CONTINUE Many …
Just announced! Changes to the First Home Guarantee (previously known as the First Home Loan Deposit Scheme) and Family Home Guarantee; and introduction of a Regional Home Guarantee. These changes, which will come into affect from July 1st 2022, include expanding the number of guarantees available as well as radically increasing many of the price caps right across the country. …
A lot can happen over your lifetime which may put your lifestyle and your home at risk. So, it goes without saying that it’s worth considering how you might protect yourself financially if something unexpected were to occur. It wasn’t something Joel and Anna had thought about. Until their broker suggested they look into how much insurance they had in …
Federal Budget 2022-23 delivers more help for First Home Buyers, Regional Home Buyers and Single Parent Families. This year the government has recognised that increasing housing prices coupled with increased lending requirements across the banking system has made it difficult for first home buyers. Some welcome help is on the way. Affordable Housing and Home Ownership First home buyers were …
Most borrowers are ready for a rate rise? Did you know you could lock in your fixed rates when applying for a home loan? For months we have heard that the cash rate isn’t expected to rise for another two years, but recent rumours have sparked speculation that the rise could be brought forward to as early as November next …
The 2020-21 federal budget has been handed down. On top of tax cuts for more than 10 million people, it also outlines a range of steps to support home ownership and help small businesses recover from the coronavirus pandemic. Home Ownership Measures implemented last year, such as the First Home Loan Deposit Scheme and the HomeBuilder scheme, would appear to have contributed to …
October 25th 2020 Victorian home buyers are the BIG WINNERS following the announcement of their State Budget for 2020-21. There is no denying that the Victorian state economy has taken a battering during the coronavirus pandemic. In response, the Victorian Government are offering stamp duty discounts plus an additional spend of almost $50 billion on other concessions, subsidies and projects. …
Wed July 8, 2020 Are you experiencing ongoing financial issues? Australian banks have announced that they will support customers by extending mortgage repayment deferrals by another four months, where applicable. Melbourne is entering their second round of Covid-19 shutdowns this week. At least there is a silver lining with The Australian Banking Association (ABA) and major banks confirming that they …