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House prices projected to jump 30% in three years: RBA

It’s the document that was never meant to see the light of day. But a Freedom of Information request reveals the Reserve Bank of Australia projects a 30% increase in house prices if interest rates remain low for the next few years. The internal, not-meant-for-public-viewing analysis by the RBA looks at the impact of low interest rates on asset prices, including property. The November 2020 document projects that housing prices could increase by 30% after about three years, so long…...
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Still haven’t found what you’re looking for? Listings to pick up soon

While you were kicking your feet up over the festive season, did you flick open your phone and scroll through real estate listings in your dream location? If so, you might’ve noticed there were fewer properties listed for sale than usual. Here’s why. If you couldn’t find exactly what you were looking for, don’t stress - it’s actually much harder to find ‘the one’ at this time of year. That’s because property listings traditionally drop in December, with 2020 no…...
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Happy New Year! Here’s to a prosperous 2021!

Well, that was a year for the history books. Time to start looking forward, we reckon! And the good news is 2021 offers plenty of promise. So what’s your New Year’s resolution? While we saw the national housing market dip throughout the middle of 2020, it's already started to recover, and many experts predict it'll rebound even stronger in 2021 as the COVID-19 vaccination is rolled out across the country. With that optimistic outlook in mind, now’s a great time…...
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Freedom to move: stamp duty reforms gain momentum

Stamp duty: two of the most dreaded words in the world of property and finance. Fortunately, NSW and Victoria have unveiled some big changes to the inefficient tax this week, and there’s hope it’ll inspire other states to review their own stamp duty arrangements. If you’re unfamiliar with stamp duty, it’s basically a state/territory government tax you pay on certain transactions, such as a car or piece of real estate. How much it costs depends on what state you’re buying…...
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Want to know how much your neighbours paid for their first homes?

First home buyers wanting to crack into the property market can now use an interactive map to see how much their neighbours spent on average for their first home. Snoopy snoop! Everyone loves having a bit of a sticky-beak. After all, we’re only human. And this interactive map, which is being run by the federal government’s NHFIC, allows you to see how much your neighbours spent on average for their first home. It also shows how much your first-home-buying neighbours…...
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The First Home Loan Deposit Scheme is back; bigger and better!

The First Home Loan Deposit Scheme is back; bigger, better and more buyer-friendly than before. If you’re a first home buyer who missed out on the first two rounds, then here’s how to make it a case of third time’s a charm! It’s federal budget week, and this year’s big winners in the world of property and finance are first home buyers, with the federal government announcing a fresh extension to the First Home Loan Deposit scheme (FHLDS). Today we’ll look at…...
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JobKeeper 2.0 is about to begin: here’s what you need to know

Like most sequels, JobKeeper 2.0 won’t be as big a blockbuster as the original. But that’s not to say it won't help many SMEs navigate the difficult times ahead. Today we’ll cover what you need to know about making the transition for your business. It’s hard to believe that JobKeeper 2.0 is due to begin next week. But it’s actually been half a year (or 13 fortnightly payments) since the scheme was first launched, over which time around 42% of…...
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Lenders begin contacting borrowers who have deferred loans

If you’ve deferred your home or business loan then it’s likely your bank will reach out to you in the coming weeks. Here’s what to expect and what options are available to you. As the initial wave of six-month loan payment deferrals comes to an end, banks have started contacting customers to discuss the next step, which could include further support, assistance or deferral. Of the more than 900,000 loans which have been deferred during the pandemic, at least 450,000…...
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How to enter the property market with a $15,000 to $30,000 deposit

First home buyers are now breaking into the property market more than four years faster than they typically would thanks to a little-known government scheme. Today we’ll discuss how.  Ever heard of the First Home Loan Deposit Scheme? If not, don’t stress, it only launched this year and the first six months of data has only just been published. Basically, it’s a government scheme that allows eligible first home buyers with only a 5% deposit to purchase a property without…...
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3 questions SME owners should ask themselves before JobKeeper 2.0

JobKeeper is due for a big shake-up next month, which means if you’ve been relying on it to get your business through these rocky times, you need to start planning ahead now. With the small business ombudsman and many economists concerned about an "insolvency tsunami" hitting small businesses, it’s critical that you start thinking about your ongoing funding plans now to avoid being swept up in the tide. JobKeeper support is set to end for many businesses on September 27,…...
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