The coronavirus pandemic has hit many Australians financially, through job loss and reduced income. If you were hoping to buy a home before the pandemic but now find yourself earning less, you probably think your chances of getting a home loan are next to zero. But this may not be the case! While lenders are…
Social distancing has recently given us more time at home than ever before. This has given us time to think about family, and plan those dream renovations or home upgrades to help embrace the enjoyment of time at home. With so much time at home, and with expected Government stimulus coming to maybe even kick…
Aussies have been told to expect low rates for some time, and the Reserve Bank is sticking to its guns by leaving the cash rate at a record low. At its monthly meeting on 2 June the Reserve Bank of Australia has kept rates on hold at 0.25 per cent as was widely expected. The…
It’s not surprising that many first-home buyers keeping abreast of the latest property news are feeling the “fear of missing out”. Interest rates are at an all-time low, restrictions on public auctions have eased, and some homes have been discounted according to recent data from realestate.com.au. While these conditions can provide a boost for first-home…
Want to refinance your mortgage but worried you’ll be rejected? Find out how a lender will assess your home loan refinance application. The best step you can take upfront is to work with an accredited lending specialist who not only understands your goals, but who is knowledgeable in credit and honest in all discussions. Sometimes…
Going to bid at an auction without getting pre-approval for a home loan first is a bit like going shopping without a budget or even a wallet. Here are four reasons you should always make sure you’re pre-approved before you raise your hand at an auction. What is home loan pre-approval? Pre-approval for a home…
The process for refinancing a home loan isn’t as complicated as you might think. In this step-by-step guide, we show you how to go about it, including what to tell your existing lender, what you need to know about applying for a new loan and how to figure out whether refinancing is really worth it.…
Here’s what happened to property in April. The national property price index grew a slight 0.3 per cent in April against a backdrop of significantly reduced market activity and consumer confidence. Hobart (-0.1 per cent) and Melbourne (-0.3 per cent) were the only capital cities to record a fall in property values, according to the…
Affected by COVID-19? There might be a better way to ease financial pressure than taking a mortgage holiday. As of mid-May nearly 3 million Australians are asking for a rent reduction or mortgage repayment pause as the coronavirus pandemic wreaks havoc on Aussies’ ability to pay bills. Of those 2.9 million Australians, 1.2 million are…
If you’re registered for GST, you’ll have a regular business activity statement to sort out. Here’s how to get on top of it and make BAS preparation easier. Let’s start with the basics: what is BAS? It’s an acronym for business activity statement. Whether it’s monthly, quarterly or yearly, every Australian business registered for the…