Government

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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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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Can I Get A Home Loan If I’m On The SOL?

personOtto Dargan access_timeMay 23, 2016

Which visa types will the banks accept? To all foreign citizens planning to live and work as a permanent resident in Australia, heads up! The Australian government has just released the list of skilled professions that will be accepted for a permanent resident visa status in...

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Foreign Investors Face Tough New Penalties

personOtto Dargan access_timeAugust 28, 2015

Last week, the Federal Treasurer Joe Hockey introduced into parliament tough new laws for foreign investment in Australian property. These new laws are set to come into effect by 1 December so if you’re planning to invest in Australian real estate, listen up. Breaches of Foreign...

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When Land Used To Be Free In Australia

personOtto Dargan access_timeJuly 3, 2015

Did you know that there was a time when Australians were given acres of land for free by the government? How times have changed! When you’re not paying a premium for prime real estate in a good location, you’ll also need to cover the costs of stamp duty, legal costs, including...

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Ticking Time Bomb For Investors

personOtto Dargan access_timeMay 21, 2015

Have you read in the news that Australian Prudential Regulation Authority (APRA) is putting the brakes on loans to property investors? We’ve already seen some major changes in investor policy and pricing but more announcements have been made. In the past week, we’ve been...

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Are Lenders Cracking Down On Investment Loans?

personOtto Dargan access_timeMay 18, 2015

It could soon be tougher than ever to invest in property as Australian banks move to keep up with new regulatory changes aimed at pulling back on investment loans. So far, one major bank is no longer accepting 100% of your rental income when assessing your ability to repay the...

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How Your Australian Spouse Can Help You Get A Mortgage

personOtto Dargan access_timeApril 24, 2015

Australia is one of the most beautiful countries in the world with thousands of migrants heading Down Under every year. Some people travel here for the love of adventure and to take in our many natural wonders but it’s no surprise that many choose to make the move for good...

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Cash Rate Cut To 2.25%, Borrowers Winning

personOtto Dargan access_timeFebruary 5, 2015

The official cash rate was slashed by a quarter of a percentage to 2.25% this week and some banks and major lenders have already started passing on the drop with massively reduced fixed and variable rates. At the Reserve Bank of Australia’s (RBA) monetary policy decision...

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Banks Look Closer At Your Personal Expenses

personOtto Dargan access_timeNovember 28, 2014

Are you a little impulsive when it comes to late night online shopping? Maybe you recently signed up for a gym membership because a cute girl or guy cornered you at the train station, even though you know full well that you live three suburbs away. Now is the best time to rein...

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