News
Australians Are Paying Too Much On Their Home Loan: ACCC
Australians with older home loans are losing thousands of dollars by not checking for better home loan rates. Borrowers are spending far too much repaying their home loans by not seeking a lower interest rate from their exisitng lender or switching to a new lender. You...
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Victoria Announces Stamp Duty Waivers Plus $6 Billion For Housing
In its 2020-2021 state budget, the Victorian government announced that it will invest $6 billion to build more than 12,000 new social and affordable homes and make housing more accessible and affordable for Victorians. According to the government, the package is Australia’s...
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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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Newsflash: Major Banks Drop Fixed Rates To 1.98%
RBA announced the history-making rate cut on November 3rd in which they slashed the cash rate to a record low of 0.10%. The big four banks have made significant rate cut to fixed home loan rates. One of the major banks has reduced the fixed-rate to the lowest ever at just...
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More Australians Looking To Buy A Home Now Than Ever
Consumer sentiment is on the rise but is it enough? The government’s unprecedented level of stimulus amidst the COVID-19 pandemic such as the Jobseeker, Jobkeeper, HomeBuilder have helped restore confidence in the economy. According to the Westpac-Melbourne Institute...
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bookmarkTags: owner-occupied loans, property market sentiment
More Than Half Of All The Paused Mortgages Yet To Resume Their Repayments
At the height of the COVID-19 pandemic, around 500,000 mortgage repayments (1 in 11 mortgage holders) were deferred. Six months later, almost half (45%) of all deferred mortgages have resumed repayments, based on data collected by the Australian Banking Association from seven...
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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
Pros And Cons Of Cash Out Refinance
As many Australians manage the financial strain of coronavirus, cash-out refinance is an option to support households by putting cash in the pockets of Australian homeowners. Cash-out refinancing is when you take out a loan that is worth more than your original mortgage usually...
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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,...
Read moreHow COVID-19 Has Changed Australian Home Ownership Goals
Research conducted by Westpac and ING has revealed what Australians want in their next home, where they want to buy and how they have reignited their dreams of home ownership due to the pandemic. Recent research by Westpac revealed that COVID-19 restrictions have impacted...
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bookmarkTags: First home Buyer, HomeBuilder