In the current environment, with auctions seeing reduced activity, there is once again more focus on private treaty sales. A key part of the sales process when using a private treaty is the offer and acceptance process. Understanding what makes a strong offer is not only important, it could potentially help you achieve a positive…
With many Australian’s still being impacted by COVID-19, the situation has forced everyone to examine their financial situation closely. If you’re one of those who are looking at ways to free up some cash ‘just in case’, then a cash-out refinance might be something to consider. A cash-out refinance can work by taking out another…
First home buyers in Australia are in an enviable position at the moment, with a host of both state and federal government incentives available, making it far easier than it has been to get into a home of their own. While there are a range of grants and exemptions available in the current environment, one…
With interest rates at their lowest level in more than 50 years, in many locations around Australia, it’s now become cheaper to buy than rent. So, should renters start thinking about buying? Pros of Buying Record low interest rates mean record low repayments. The Government is throwing tens of thousands of dollars’ worth of incentives…
The majority of Australian homeowners can be classified into a few different categories. There are first home buyers, upgraders, downsizers or investors. The data on homeownership in Australia would suggest that the vast majority of Australians fit into just one of these categories. Less than 10 per cent of the population owns an investment property,…
Builders and renovators are pretty happy at the moment after the Federal Government announced the new HomeBuilder program, which will see those eligible receive a $25,000 grant. To qualify, a renovation must be valued between $150,000 and $750,000 with income limits for those applying sitting at $125,000 for singles and $200,000 for couples. While the…
There’s been a lot of talk recently, about the prospect of Australia and many other countries around the world falling into a recession. These days, the word ‘recession’ isn’t as scary as it used to be as most people understand that this is a technical definition, that just means two consecutive periods of negative economic…
When prospective homebuyers start thinking about purchasing a home, one of the most important things to consider is your ability to get finance. Most borrowers will be constrained by how much a bank will lend them, so before you start looking through open homes, it might be worth taking a step back and closely examining…
As the Australian economy gets back to normal on the back of the COVID-19 enforced shutdowns easing, borrowers are sitting in an enviable position. The moment lockdown measures started, the RBA acted quickly and cut the official cash rate to a record low, of 0.25 per cent. What that means for borrowers is that this…