Posts categorised as 'News'

20/02/2020

Downsizers tipped to be a ‘powerful force’ in 2020

Mums and dads News

Downsizers are tipped to take advantage of ‘the perfect storm’ and get the most out of the property market this year, predicts the national body representing professional buyers’ agents. With softer lending conditions and strong property prices tipped for 2020, cashed-up downsizers looking to sell the family home and move into apartments or regional areas Read More

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13/02/2020

Are you being stung by the loyalty tax?

Investors Mums and dads News

Once upon a time you were rewarded for loyalty. But borrowers with older mortgages are typically paying a higher interest rate than customers on new loans, confirms the Reserve Bank of Australia (RBA). The RBA’s study finds that the difference in interest rates between new and outstanding variable-rate home loans increases with the age of Read More

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11/02/2020

Smaller lenders taking applications for home loan deposit scheme

First home buyers News

Non-major lenders have started offering another 5,000 slots for the First Home Loan Deposit Scheme, which allows first home buyers to purchase a property with a deposit of 5% without having to pay Lenders Mortgage Insurance (LMI). The scheme, which is overseen by the National Housing Finance and Investment Corporation (NHFIC), kicked-off on 1 January Read More

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06/02/2020

Credit scores set for Valentine’s Day boost.

News

Tens of thousands of Aussies have an extra reason to love Valentine’s Day this year, with their credit scores set to jump after civil court filings disappear from their credit file. According to consumer and financial law firm MyCRA Lawyers, the change will allow some people to get credit where previously they were rejected, or Read More

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30/01/2020

How to increase your property’s value by up to 10%

Investors Mums and dads News

Properties with high energy-efficiency ratings typically sell for up to 10% more, a review of international research shows. The review, which was conducted by the University of Wollongong, compiled research undertaken in 14 countries and included data from the Australian Capital Territory (ACT), which is the only Australian jurisdiction to require that sellers disclose the Read More

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23/01/2020

Why don’t lenders drop my repayments when the interest rate falls?

First home buyers Investors Mums and dads News

A question that’s been popping up a bit lately has been ‘why didn’t my lender reduce my repayments when the interest rate fell last year?’ It’s a good and timely question considering the big four bank economists all expect the RBA to cut the cash rate by 25 basis points to a new record low Read More

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16/01/2020

The race is on thousands rush to apply for first home loan scheme

First home buyers News

If you’re thinking of taking advantage of the new First Home Loan Deposit Scheme then you better act quick, as thousands of first home buyers have already applied for the 10,000 guarantees available. Between January 1 and 10, more than 3,000 first home buyers applied for one of the 10,000 spots up for grabs this Read More

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15/01/2020

How to avoid underinsuring your home

First home buyers Investors Mums and dads News

With Australia currently enduring its worst bushfire season on record, we all want to do our little bit to help out, so today we thought we’d discuss the important topic of underinsurance. Indeed, researchers are warning that the nation is facing an underinsurance crisis, according to a recent report by the ABC, with the Insurance Read More

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13/01/2020

First come, first served: first home buyer scheme now open.

First home buyers News

Applications for the new First Home Loan Deposit Scheme are now open, with 10,000 guarantees available to first home buyers looking to get a leg up into the property market. Now, with 10,000 spots it might sound like you’ve got plenty of time up your sleeve to take advantage of the new scheme, but consider Read More

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23/12/2019

Season’s Greetings! Here’s to a prosperous 2020!

First home buyers Investors Mums and dads News

With 2019 drawing to a close, we hope you’re shifting into holiday mode and getting ready to relax and unwind (or, at least, looking forward to a few public holidays!). Hasn’t the year just flown by? It only seems like only yesterday that the RBA cut the official cash rate for the first time in Read More

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