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Recent legislative changes regarding the banking and financial industry’s conduct have officially come into effect as of the 1st of January 2021 as a result of the 2019 Banking and Financial Services Royal Commission. The best interests duty is an example of one of these changes that affect mortgage brokers and YOU. This article will…

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As Hamish and Dave outline, the process of refinancing can save individuals thousands of dollars in their mortgage repayments, and give them more financial freedom to do what they wish to do.  This article will cover the different ways refinancing can help save you money and the other benefits it provides home loan customers, ultimately…

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In March 2020, the COVID-19 pandemic and its necessary lockdown periods meant that lenders needed to offer pauses on their mortgages to assist the many Australians that had lost their job or had their income reduced. These hold on mortgage repayments were granted for roughly 6 months, with some institutions offering an additional 4-month extension.…

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2021 year to buy a home blog banner

2021 is the year to buy a home. Coming off of the back on the COVID-19 pandemic, house prices and interest rates have strongly swung back in the favour of property buyers for the first time in decades. Alongside this, there are now a significant amount of government schemes available to help property buyers get…

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Transformed, revamped and booming. They are three words that now characterise the once industrial town of Newcastle in 2020. The City of Newcastle Council has predicted the area’s population to rise by 33% by 2036, with many property owners and investors describing it as a “hidden gem” and an “economic powerhouse.” With property prices on…

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Stamp Duty and First Home Buyers Blog Banner

The Berejiklian government announced in July 2020 that it planned to remove stamp duty on homes purchased up to $800,000 as a result of COVID-19. Now in the 2020 NSW Budget, Treasurer Dominic Perrottet has announced plans to phase out stamp duty on all properties purchased in NSW. These changes to stamp duty have large…

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The coronavirus pandemic has shaken up many factors affecting the Australian property market. The cash rate is currently its lowest ever point at 0.25% as of the 14th of September 2020.  Many government cash benefit programs such as the First Home Buyers Assistance scheme have been implemented. Factors such as these have generally reduced interest rates across…

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Saving for a deposit is a major hurdle for First Home buyers, with the average saver in Australia taking more than 10 years to build up a 20% deposit. First Home buyers in Sydney, however, may take up to 15 years according to some estimates, with the average First Home buyer in Melbourne not far…

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You’ve found the perfect house. Or maybe you’re wanting to purchase an investment property, but you’re not sure how to go about it. You know that you’ll need to get a loan. How hard can it be? When you’re buying a property, you’re playing with big numbers. That can be scary. It’s not just your…

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