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News

Assistance For Single Parents To Buy A Home! How Does The Governments New Family Home Guarantee Work

From July 1st this year, a new Government scheme will launch to assist single-parent families in purchasing a home. Again Just like the First Home Loan Deposit scheme, numbers to this opportunity will be capped at 10000 spaces, so it will be a case of first in, best dressed. What does it mean for single-parent […]

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Government Increases First Home Loan Deposit Scheme Places

Following on from the success of the previous releases of the First Home Loan Deposit Scheme, the government has announced four days ago that it will be releasing a further 10000 places. This scheme has successfully put 20000 new home buyers onto the property ladder so far. Places on the first round of 10000 took […]

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Now you own your data: the new world of ‘open banking’ explained

The promise of open banking is big; a new, simpler way to share your personal financial data between banks, lenders and financial companies. It started on July 1. Here’s how it works and what it means to take back control of your data to get the best rates and offers. Switching banks has long been […]

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The New First Home Loan Deposit Scheme, What’s Different This Time?

The Government has announced a second round of the First Home Loan Deposit Scheme that launched on July 1st this year. While the first 10000 places were snapped up pretty quickly last time, there was a lot of room for improvement. This round the application process has changed, so I thought I would write a […]

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As low as it could go: is now the moment to fix your mortgage rate?

Australia’s cash rate is now the lowest it has been in 23 years, a reaction initially to stunted economic growth and now to the impact of COVID-19 on the local and global economic landscape. As the uncharted negative interest rate zone looms, is it worth fixing your rate? It is always good to have a […]

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The Governments New “Homebuilder” Grant , What Is It?

Today a new $25000.00 grant has been announced by Josh Frydenbeg to help stimulate the building industry and kickstart the Australian economy. The government is hoping this will help counter the effects COVID-19 has had on the building industry who are experiencing a large downturn in the number of builds being started this year. While […]

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Lease Doc Loans, What Are They?

If you have been thinking of getting into the commercial property market, a lease doc loan may be the vehicle to use to get your foot in the door. The Covid-19 pandemic has taken its toll on commercial tenants and landlords alike. What this means is that there are some great opportunities out there for […]

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Full stop: taking a ‘mortgage holiday’ when rates are low

Taking a short-term break from paying off your mortgage isn’t a new idea, but as the bite of the COVID-19 pandemic grips harder and harder, more Australians are applying to do so. With the RBA’s cash rate held at a record low of 0.25%, what are the implications of pushing pause on your repayments? In […]

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Let’s go shopping: is now the time to refinance?

Australia’s cash rate is at its lowest level in history. Does that mean the time is right to make the most of the low cash rate environment and refinance your mortgage? When discussing the Reserve Bank of Australia’s February decision to hold rates, Governor Philip Lowe was unambiguous in his take. If you took your […]

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New Government Business Loan Support. Coronavirus SME Guarantee Scheme, What Is It?

If you are running a business in the COVID-19 epidemic and are worried about your cash flow, help may be at hand. The Australian Government has put their hand in their pocket to assist SME’s, by standing in as security for a business loan. What this should essentially do is free up working capital for […]

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Pulling the ripcord: the RBA and quantitative easing

We live in unconventional times. The Australian economy has borne the fallout of the pandemic spread of Covid-19. And in response, the Reserve Bank has made an out-of-schedule cut in interest rates to a record low 0.25 per cent, as well as making significant steps towards implementing a program of quantitative easing. “Before the coronavirus […]

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Corona Virus Bank Assistance – How Does It Work?

Following the escalation in the effects of the Corona Virus on the Australian economy, almost all lenders have come out with assistance strategies to help Australians stay on top of their finances in this uncertain time. I thought that I would put a quick article together, just covering off on how they work in general. […]

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Understanding The Different Types Of Motor Vehicle Finance

I thought this week I would touch base on the different types of Motorvehicle finance that there are. It can be quite confronting sitting down in a dealership F&I (finance and insurance) office, and be asked what type of finance you require. Will it be a standard loan, a novated lease, a finance lease, a […]

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Going global: Where does Australia sit in the wide world of interest rates?

Australian interest rates are at a record low, in part because global rates are also at or near historic lows. While the goals of the RBA’s monetary policy are domestic, international factors often influence local decisions. Several signs over Christmas and the new year pointed to the Reserve Bank of Australia cutting rates to a […]

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How Does Comprehensive Credit Reporting Affect My Mortgage Application

While this may sound like a very boring headline and a possible snore-fest, but the implications of the new Comprehensive Credit Reporting regime on everyday Australians are quite far-reaching. In the few months that it has stepped up a gear, I am noticing far more issues being picked up in loan applications to lenders. Comprehensive […]

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Understanding Mortgage And Finance Jargon

A good mortgage broker should be able to make sure you fully understand the ins and outs of the finance you are potentially going to take on. If you are talking to a finance professional, always beware of the person who hides behind jargon, especially if you say you do not understand something, and they […]

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Obtaining A Mortgage If You Are Self-Employed

Getting a loan when you have your own business can prove to be tricky, especially if you have just started out, not too long ago. While there is no silver bullet for self-employed clients, there are a few ways of going about obtaining finance that may suit your circumstances.

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Obtaining A Home Loan With A Bad Credit History

If you have an undesirable credit score, there may still be a way for you to purchase a home by getting a home loan. It may not be a conventional lender that you use at the end of the day, but it is better, I suppose than not having your own home.   First things […]

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How Does A Credit Card Affect My Credit Limit

A credit card is often the liability that clients will forget the most, I find. That and the “zip pay,” “afterpay accounts.”I find that most clients tend to let their lender increase the limit on their credit card when prompted. Lifting credit card limits, even though they might not be required or used, from a […]

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How Much Deposit Do I Need To Get A Home Loan?

You are starting to think about purchasing your first property. For most people, the hardest part of the process of getting ready to buy is to save up the initial deposit.”Hurt Money” or “Skin In The Game” is what the banks like to call it. Lenders use these affectionate terms because that is exactly what […]

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How asset finance can help your business grow

As a business owner, it’s likely you have no shortage of competing demands on your capital. In your quest for growth, you might want to hire additional staff, move to bigger premises, increase production capacity, diversify your product range or spend more on marketing. Using traditional loans or cash to pay for new equipment and […]

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Credit report changes: don’t be caught out

If you applied for a home loan in the current financial environment , your lender would probably assess your application in the context of both your credit score and your credit history – on top of your income, assets, liabilities and living expenses. Your credit score is a number calculated by a credit-reporting agency, which compares […]

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National Dwelling Values Record First Rise Since October 2017

  The recovery in housing values accelerated in August 2019 with national dwelling values increasing by 0.8% over the month. The lift in housing values through August was substantial, however, the recent growth is a continuation of the trend seen throughout the year whereby value falls were consistently losing momentum, and have now started to rise. […]

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What has Changed in Getting a Home Loan or Refinancing?

Finance has changed after the Royal Banking Commission. What does this mean for the average Australian family applying for a home loan.

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MORE THAN MEETS THE EYE – WHITE-LABEL LOANS ARE MORE THAN A GOOD PRICE

White-label loans are exclusively available through mortgage brokers and have rapidly grown in popularity over the past few years.

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FIVE REASONS TO CONSIDER WHITE-LABEL LOANS

A white-label loan is essentially a home-branded loan, much like the home-branded products you see in the supermarket aisles.

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Most Aussies feel like ‘just a number’ with big banks

The majority of Australians believe a big four bank would not provide the best service for customers facing a crisis, with 34 per cent of Gen X-ers saying that they would head to a mortgage broker first.

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SIX WINNING STRATEGIES FOR AUCTIONS

What do you do at an auction? What is the best way to maximize your success at one ? Here are a few tips that may help…..

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EASY REFINANCING FOR A BETTER DEAL ON YOUR HOME LOAN

With historically low interest rates and increased competition across the home loan industry, lenders are keen to get your business.

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Pain & Gain Results Reveal Latest Profit and Loss Areas

CoreLogic today released its latest Pain and Gain Property Report which delivers the most timely market analysis for residential property resales over the September 2016 quarter…

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Strong start to 2017 as dwelling values rise across seven of Australia’s eight capital cities

CoreLogic Home Value Index results out today for January confirmed capital city dwelling values posted a 0.7% rise across the combined capital city regions with Hobart, Sydney and Melbourne leading the monthly gains.

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Best of the Best — Adelaide’s most valuable houses

IF YOU are looking to add value to your home — the eastern suburbs could be the best spot in Adelaide to invest.

CoreLogic’s annual ‘Best of the Best’ report shows seven of the top 10 suburbs with five year change in median value in the state were in the east.

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Adelaide beats Sydney and Melbourne for monthly value growth

ADELAIDE has again beat both Sydney and Melbourne for monthly value growth.

According to the latest CoreLogic data, Adelaide house prices grew by 0.3 per cent over the past 28 days, smashing Sydney’s 0.1 per cent growth and Melbourne’s 1 per cent fall for the same period.

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WANT to keep thousands of dollars in your pocket rather than give it to the bank?

HOW TO PAY OFF YOUR MORTGAGE SOONER,Finder.com.au money expert Bessie Hassan said many borrowers were proactive about getting ahead on their home loans.

“Fast-tracking your mortgage repayments and reducing your loan term could save you thousands of dollars in interest over the life of a loan,”

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Norwood the fifth most desired area nationally for housing!

Thinking of investing in Property? Thinking Adelaide?. Did you know that Norwood has been found to be one of the most desired suburbs in Australia. As an investor or as a homeowner have a look at this article. Castle Mortgages Adelaide- Mortgage broker in Adelaide.

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The types of properties that the banks would prefer not to lend money for.

No one wants to buy a real estate dud. And in the game of buying bricks and mortar, some properties are a safer bet than others. To spot a property lemon, it’s a good idea to look at the attitudes of the people stumping up the money for them: the banks. It’s in a bank’s […]

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TOP FINANCING APPS AND TOOLS

Whatever your reasons, understanding your budget is key to living a comfortable life

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MORE THAN HOME LOANS: WHY A BROKER CAN HELP YOU WITH COMMERCIAL AND ASSET FINANCE

Mortgage brokers have expertise in residential and other property loans. They can also play an important role in helping businesses find and secure…

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Capital city dwelling values increase by 1.0% in September to be 2.9% higher over the quarter

Capital city dwelling values continued to show a strong headline rate of growth over the September quarter, with the CoreLogic Hedonic Home Value Index rising 2.9% over the past three months.

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Why you should use a mortgage broker

When you’re a direct customer in a complex market, the process is more supply driven than demand driven…

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CONFUSED ABOUT HOME LOAN PRE-APPROVALS? FOLLOW THESE FOUR STEPS.

Ready to buy a property? You’ll need to show the seller you have enough money.

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FIVE ESSENTIAL PRE-AUCTION-DAY TIPS

When auction day is approaching, it’s time to get serious about preparing to bid.

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KID-PROOF YOUR RENOVATION SITE

Renovation sites can be dangerous places, but your kids may not know that. We look at how you can keep children safe on site.

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IS IT A GOOD IDEA TO MANAGE YOUR OWN INVESTMENT PROPERTY?

A key decision for many investors is whether to manage it themselves or to hire a property manager.

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Did you know… about non-bank lenders?

Deciding where to go for your home loan is one of the most important decisions you’ll make.

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First Homeowners Grants Guide

Each state and territory provides some sort of financial assistance to first home buyers

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Boost Your Borrowing Prospects

With tougher lending standards now in place, borrowers need to be more prepared.

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Snapping up a Bargain.

Haggling with a professional estate agent can be a challenge for all but the most seasoned investors.

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Protecting your Purchase

There are a number of types of insurance you’ll need to consider: building or home insurance, contents insurance and mortgage protection insurance to name a few. Building or home insurance Depending on the type of loan you’ve taken out, it may be compulsory for you to take out building or home insurance to safeguard the lender’s interest in the property. Even if this is not mandatory, it is strongly advisable. Building or home insurance covers you …

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