News

Home Buyers Snubbed In Budget 2018

personOtto Dargan access_timeMay 9, 2018

With the Government promising a $2.2 billion surplus by 2020, Scott Morrison’s “Santa Claus” budget has mostly ignored home buyers trying to get into the market. There is some good news though, and investors can breathe a sigh of relief that negative gearing...

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NAB Moves Closer To Comprehensive Credit Reporting

personOtto Dargan access_timeFebruary 20, 2018

Borrowers will soon feel the power of positive credit reporting The National Australia Bank (NAB) is the first major Australian bank to begin using comprehensive credit reporting (CCR) but not just yet for home loan applications. Its system will be implemented for personal loans,...

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First Home Super Saver Scheme Passes Senate

personOtto Dargan access_timeDecember 7, 2017

The First Home Super Saver Scheme (FHSSS) yesterday passed the Australian senate, allowing first home buyers to boost their deposit saving by up to $30,000 or $60,000 for couples. From 1 July 2018, the scheme will allow you to withdraw voluntary super contributions (capped) you...

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Even Homeowners Think House Prices Are “unfair”

personOtto Dargan access_timeDecember 6, 2017

More than ever, Australians are relying solely on future home prices for their financial stability and, in a surprise twist, property owners say they would benefit from lower house prices. That’s according to an ME Bank survey, which showed that 43 percent of respondents...

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Mum And Dad Have Lent $65b To Their Kids

personOtto Dargan access_timeSeptember 7, 2017

Around 30% of first home buyers using the “Bank of Mum and Dad” Outside of the top 4 banks, your mum and dad are the biggest lenders in Australia. It’s true! According to a new survey from comparison website Mozo, more parents than ever are helping their kids...

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Major Lender Stops Investment Loans

personOtto Dargan access_timeSeptember 1, 2017

Should investors be afraid? One of Australia’s largest non-banks, Heritage Bank, announced today that it would no longer be accepting new investment loan applications, effective immediately. So what does it mean if you already have an investment loan with Heritage? Will...

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What Happened To My Home Loan Rate?

personOtto Dargan access_timeJune 28, 2017

Some major lenders have reduced home loan rates on variable rate home loans and hiked investment loans but it’s not all bad news for investors! How much your monthly repayments will change will depend on the lender you’re with and the type of mortgage that you have. Some...

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Government Abolishes 457 Visas

personOtto Dargan access_timeApril 19, 2017

Can I still buy a property in Australia? Late yesterday, the Turnbull Government announced that it would be axing 457 visas, a scheme that has been around for over 20 years. The current scheme has instead been replaced with two new temporary visas, each with stricter eligibility...

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The Future Of Australian Real Estate

personOtto Dargan access_timeOctober 21, 2016

Is the housing boom over? For some parts of Australia the property market may have reached its peak. The key for investors is to identify which parts of the market are going to do well and which are a house of cards. If you’re thinking about buying a new unit or apartment,...

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Major Bank Cuts Lending To 33 Postcodes

personOtto Dargan access_timeOctober 16, 2016

In a surprise move on Friday, National Australia Bank (NAB) announced that it was expanding its restricted postcode list to include many more inner city and regional areas. The bank will now restrict lending in these areas by requiring people to have a larger deposit or more...

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