, , , , , ,

You might be closer to your first home deposit than you think

You’ve probably heard the federal government is giving $25,000 grants to eligible Australians looking to build or substantially renovate their homes. Today we’ll look at what that means for first home buyers when combined with state and territory schemes. If you’ve been umming and ahhing about purchasing your first home for a while now, we have great news: you’d be hard-pressed to find a time when there were more government incentives to help you enter the property market. For starters,…...
Read More
,

How the instant asset write-off applies to vehicles

Got your eye on a shiny new vehicle for your business thanks to the $150,000 instant asset write-off? We've got the answers to the FAQs many business owners are asking ahead of the looming EOFY deadline. Need a new van for that delivery service your business has started? Or perhaps your trusty old ute is now more ‘old’ than ‘trusty’. To help businesses with cash flow amidst the coronavirus pandemic, the federal government has increased the instant asset write-off threshold…...
Read More

Is now a good time for first home buyers to get into the property market?

While potential homebuyers may have put their home buying plans on hold over the last few months due to the uncertainty of the coronavirus - with restrictions slowly easing and auctions starting to re-open - it begs the question, is now a good time to buy ? While the answer will very much depend on your individual situation and will take into account important factors such as financial stability and job security -  here we take a look at why…...
Read More

How an offset account or redraw attached to your home loan can help you in uncertain times

As the economic fallout of COVID-19 began, thousands of Australians found themselves worrying about their financial situation. While borrowers can’t predict a global pandemic and the toll it may have on their lives, there are actions you can take that can help you weather the storm. One way you can prepare when it comes to your home loan, is by making extra payments directly to your loan or via an offset account. Not only is this a great way to…...
Read More

Is now the time to take a Fixed-rate home loan in this coronavirus lockdown ?

Fixed-rate home loan interest rates have been trending lower in recent times and right now we are seeing some of the lowest fixed-rates in history. This presents a great opportunity for borrowers who want peace of mind that they will have fixed home loan repayments for a set period of time. Lock in at a low rate and have certainty throughout uncertain times So how do fixed-rate home loans work? A fixed-rate home loan allows a borrower to lock in…...
Read More
, ,

Goodbye stamp duty?

The dreaded and controversial stamp duty tax could soon be a thing of the past, with calls for it to be abolished gaining momentum. The Property Council of Australia is the latest body to add their voice to the chorus this month after both the NSW and Victorian state governments ramped up calls for stamp duty reform. Axing the controversial tax is a key measure being proposed in the Property Council’s Seven Point Plan for Economic Recovery, released this week, to…...
Read More
,

What is the Coronavirus SME Loan Guarantee Scheme?

SME businesses in need of working capital due to the coronavirus outbreak can now access unsecured loans “more cheaply and more freely” than ordinary business loans. The initiative is part of the government’s $40 billion Coronavirus SME Loan Guarantee Scheme, which kicked off just before the Easter weekend. Because the government will guarantee 50% of the new loans, lenders can offer the loans “more cheaply and more freely” compared to ordinary business loans, says the Australian Banking Association. The loans…...
Read More