Due to the spike of COVID-19 cases, NSW had extended its lockdown for two weeks until 11:59 pm on 30 July 2021. The lockdown has been extended by another four weeks until 28 August 2021. To keep updated about the latest lockdown restrictions, please visit NSW’s government website.

Victoria lifted its current State of Emergency, which had been extended through to 11:59 pm on 29 July 2021. To keep updated about the latest lockdown restrictions, please visit Victoria’s government website.

In-person auctions and open inspections are not permitted in NSW and Victoria. One-person open inspection is permitted in Greater Sydney. Fortunately, there are ways to attend virtual house tours and online auctions if you’re looking to buy a home.

What government financial support is available?

In NSW, the following is available:

  • A lump sum COVID-19 disaster payment for those unable to earn an income
  • A business grant of between $7500 to $15000 depending on the decline in turnover
  • Fortnightly JobSaver payments to retain employees
  • $1500 micro-business grants if turnover is between $30,000 and $75,000 and there was a 30% decline in revenue

For more information on financial support available in NSW for households and individuals, please visit: https://www.nsw.gov.au/covid-19/financial-support

For more information on financial support available in NSW for businesses, please visit https://www.nsw.gov.au/covid-19/businesses-and-employment/financial-assistance

In Victoria, the following is available:

  • A one-off $1500 Pandemic Leave Disaster Payment to help workers affected by the lockdown
  • Relief packages which contain basic essential goods and personal care items
  • Extension of the Extreme Hardship Support Program to October 2021, applicable for temporary or provisional visa holders with limited income. This is also available for international students
  • $600 for Victorians who lose 20 hours or more and $375 for those who lose work hours between 8 to 20 hours
  • Cash grants of up to $3000 for businesses affected by the short lockdown
  • $85 million Small Business COVID Hardship Fund and a $156 million Business Continuity Fund

For more information on the financial assistance available for businesses in Victoria: https://www.coronavirus.vic.gov.au/financial-support-for-businesses-and-workers

For more information on the financial support available for individuals: https://www.coronavirus.vic.gov.au/financial-and-other-support-coronavirus-covid-19


What mortgage relief options are available?

The big four banks in Australia have mortgage relief options for individuals and business owners ranging from:

  • Moving to interest-only repayments for a short period
  • Restructuring the loan
  • Lowering repayments
  • Deferring payments

Besides, the big four, there are other banks that are offering assistance to individuals and businesses. Visit Australian Banking Association’s (ABA) website for more information.

If you are going through financial hardship and cannot make repayments on time, please immediately contact your bank or mortgage broker.

At Home Loan Experts, we can help you:

Why use us?

We aim to set an example by delivering what we promise: a higher level of service, better advice and better home loans.

pin_drop

Australia-wide services

We finance properties anywhere in Australia for people anywhere in the world.

monetization_on

Get incredible interest rates

Our relationships with our panel of lenders allow us to negotiate your interest rate.

thumb_up

We get tough loans approved

We can help you navigate the often complex pre-approval and application process.

favorite

Our customers love us

We receive hundreds of love letters from our customers.

Discover more reasons to use Home Loan Experts

How we find you the right solution

We get a complete understanding of where you’re at and what your ultimate goals are.
You’ll get a recommendation in just a few simple steps.

free assessment
1

Complete our free assessment form or call us.

situation
2

We assess your situation.

options
3

We look at all the options from our panel of lenders.

suitable home loan deals
4

We will find you the most suitable home loan deals.

Testimonials for Home loan experts

Facts
about us

50+

lenders on
our panel

$4B+

lent Australia-wide
and counting

Westpac
ANZ
Nab
AMP
Qudos
Firstmac
Common Wealth
St George
ING
Homeloans
Macquire
Suncorp
Pepper Money
Me Bank
Bankwest
75%

of our borrowers get
approved with a major bank

95%

of our borrowers get a discount
below the bank standard variable rate