News

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...

Read more

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 Australian residential...

Read more

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...

Read more

folderCategory: News

bookmarkTags: ,


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...

Read more

Coronavirus Plan For Your Family

personOtto Dargan access_timeMarch 17, 2020

We need to act now! It’s clear that the government’s response has been insufficient and that we’re going to face significant health, social and economic disasters. By acting now you can reduce the impact of coronavirus on your family and society. You should work on...

Read more

folderCategory: News

bookmarkTags:


Coronavirus Fears Puts Cash Rate To A Historic Low

personOtto Dargan access_timeMarch 10, 2020

The Reserve Bank of Australia (RBA) has decided to lower the cash rate by 25 basis points to 0.50%, and the biggest impetus for this decision was the global coronavirus outbreak. In the past, while small lenders and neo lenders were quick to pass on the rate cut, even major banks...

Read more

folderCategory: News

bookmarkTags: ,


Credit Reporting Code Amended: Big Win For Consumers

personOtto Dargan access_timeJanuary 28, 2020

Tens of thousands of Australians whose credit ratings have been unfairly impacted by civil court actions such as court writs, summons, and judgments can breathe a sigh of relief. The Office of the Australian Information Commissioner (OIAC) approved changes to the Credit Reporting...

Read more

NAB In, Westpac Out Of The First Home Buyer Scheme

personOtto Dargan access_timeNovember 27, 2019

The NHFIC announced NAB as the first major bank that will be offering home loans under the federal government’s First Home Loan Deposit Scheme. The scheme allows first home buyers (FHB) to qualify for a home loan with a deposit as low as 5% and pay no Lenders Mortgage Insurance...

Read more

Should Banks Automatically Adjust Home Loan Repayments?

personOtto Dargan access_timeNovember 26, 2019

93% of home loan borrowers are making more than the minimum home loan repayments off the back of cash rate cuts by the RBA. This is because currently, banks do not automatically adjust repayments. Basically, if a customer is paying P&I (principal and interest) then when...

Read more

RBA Says: Expect An Extended Period Of Low Interest Rates

personOtto Dargan access_timeSeptember 11, 2019

Great news for borrowers! The Reserve Bank of Australia’s Governor Philip Lowe says that the cash rate will stay low for the long term. In its 4 September meeting, the RBA has decided to keep the cash rate unchanged at 1%, which means that borrowers can enjoy a longer period...

Read more