COVID-19 Property Market Update: Where Are Prices Falling? 

personOtto Dargan access_timeJuly 6, 2020

The impact of COVID-19 on the housing market is milder than anticipated.  Home values are not crashing and there is a recovery in transactional activity since sales plummeted in April 2020.   Australia’s property market experienced its second consecutive monthly fall,...

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First Home Loan Deposit Scheme: How To Secure Your Spot?

personOtto Dargan access_timeJune 26, 2020

It came as no surprise that first home buyers quickly snapped up all 10,000 places of the First Home Loan Deposit Scheme during the last financial year. Under the scheme, first home buyers with a 5% deposit saved anywhere between $10,000 and $30,000 in LMI fees based on the...

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Coronavirus & The Property Market: Large Price Falls Unlikely

personOtto Dargan access_timeJune 5, 2020

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...

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What Is The HomeBuilder Grant?

personOtto Dargan access_timeJune 4, 2020

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...

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NAB Guarantor Home Loan Withdrawn

personOtto Dargan access_timeJune 2, 2020

Effective from 25 May 2020, NAB will not accept parents as guarantors on their home loans or investment loans. NAB will not be able to do no deposit home loans for first home buyers who want to use their parents on their home loan. It updated their guarantor lending policy...

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Is It A Buyer’s Market?

personOtto Dargan access_timeMay 11, 2020

While experts were forecasting that the property prices would fall between 5% and 30%, the data also has to account for the lower demand and the limited supply of stock in the market as well. While the pandemic did cause a huge drop in listing volumes and transaction activity,...

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NSW Plans To Abolish Stamp Duty

personOtto Dargan access_timeMay 7, 2020

In order to revive the NSW economy that has been affected by the coronavirus pandemic, NSW’s Treasurer Dominic Perrottet has laid out plans to completely scrap off stamp duty and payroll tax. If NSW does abolish stamp duty, then you could save up to 4% of the property costs...

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CBA’s Home Loan Repayment Change

personOtto Dargan access_timeApril 30, 2020

From 1 May 2020, Commbank’s home loan repayment is automatically changed to the minimum, to free up household spending. By only repaying the minimum amount, CBA estimates that it will release up to $400 per month for customers who have been hard-hit by the coronavirus. This...

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Coronavirus: Is Now The Right Time To Fix Your Home Loan?

personOtto Dargan access_timeApril 1, 2020

The RBA cut the cash rate twice during March in an unprecedented move caused by the coronavirus (COVID-19) pandemic, bringing the cash rate down to 0.25%. As a result, home loan fixed rates are at an all-time low with one lender offering a 2.09% p.a. fixed rate (comparison...

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Will Your Income Be Affected By The Coronavirus?

personOtto Dargan access_timeMarch 17, 2020

How will coronavirus affect employment? A long period of low unemployment has left many Australians unprepared for a period of reduced income. As social distancing, work from home and potentially lockdowns affect Australia it’s likely that many people will not be able...

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