Government

News: Is ScoMo’s First Home Buyer Scheme Any Good?

personOtto Dargan access_timeMay 16, 2019

The Government has announced a new first home buyer scheme just days out from the Federal Election. So how does it stack up in improving housing affordability? How it works If you have saved at least 5% of the property value as a deposit, the Government will guarantee up to 15%...

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Budget 2019: Are Home Buyers Winners?

personOtto Dargan access_timeApril 5, 2019

Budget 2019: Who are the winners? Budget 2019-20 is here…but there isn’t all that much for borrowers or the property market. However, if you squint really hard, there are some surprising golden nuggets that first-time buyers and business owners may have overlooked. No...

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What Does The Royal Commission Mean For Borrowers?

personOtto Dargan access_timeFebruary 14, 2019

You may have heard about the Royal Commission in the media over the last few days but what does this all mean for you as a home loan borrower? Well, one of the big recommendations that came out of it will fundamentally change the way that mortgage brokers are paid and could have...

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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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