Author: Otto Dargan
NSW Stamp Duty Changes: What Are The Benefits?
We have updated information regarding the NSW Stamp Duty reform here. close The New South Wales government is proposing to abolish stamp duty as part of its 2020-21 budget announcement on 17 November 2020. Instead of paying stamp duty upfront,...
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Australian Property Market Update: October 2020
After five months of decline, the national home value index finally moved back to a positive in October 2020. According to CoreLogic, the index shows a rise of 0.4%. Every capital city in Australia, except for Melbourne, recorded a rise in their values over October...
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Australian Property Market Update: September 2020
Falling home values in Sydney and Melbourne pushed the national housing market into its fifth consecutive month of decline. Six of the eight capital cities had a rise in their home values over the month. Only Sydney and Melbourne recorded a decline of 0.3% and 0.9%...
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bookmarkTags: Australian Federal Budget, Australian property, first home buyers
Budget 2020: Helping First Home Buyers & Infrastructure Development
The focus of the 2020 Federal budget is to help Australians get through the COVID-19 recession by boosting business and consumer confidence and growing the economy and creating jobs. Here’s what Federal Treasurer, Josh Frydenberg announced for the 2020 Federal Budget. 10,000...
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bookmarkTags: Australian Federal Budget, Budget 2020, First home Buyer, Property Investment
Responsible Lending Laws To Be Terminated By March 2021
What are responsible lending laws? The Rudd Labor government tightened the responsible lending law in 2009 following the GFC. The laws required lenders to make more of an effort to figure out whether would-be borrowers can afford to repay their debt. The responsible lending...
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Australia Property Market Update: August 2020
CoreLogic reveals that Australia’s property market is experiencing a fourth consecutive month of COVID-induced price falls, with home values dipping by 0.4% in August. However, home values for the 12 months to August 31, 2020, are still 5.8% higher than in 2019. Even...
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Australia Property Market Update: July 2020
It is the third consecutive month of decline for Australia’s property values. CoreLogic’s home value index dropped 0.6% over July 2020 and the median property value is $552,912. Sydney and Melbourne are still leading the decline in home values at 0.9% and...
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NAB’s Home Loan Policy On Post-retirement Repayment Plan
In its commitment towards responsible lending, National Australia Bank (NAB) has revised its credit policies around borrowers who are approaching a retirement age. From 25 July 2020, NAB will ask its customers about how they will manage their home loan repayments after retirement. Therefore,...
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Coronavirus & The Property Market: Large Price Falls Unlikely
Gloomy forecasts of property price falls between 20% and 30% are now looking very unlikely unless a second wave of Coronavirus hits Australia. While the May 2020 CoreLogic Home Value Index revealed a 0.4% drop in national dwelling values, it was not the drastic plunge in values...
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What Is The HomeBuilder Grant?
What is the HomeBuilder grant? It is a $25,000 tax-free grant given to eligible owner-occupiers, including first home buyers. The grant can be used to: Build a new home Renovate an existing home The HomeBuilder grant is a federal scheme designed to help the Australian...
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bookmarkTags: Construction, construction loan, First home Buyer