What Are The Extra Costs Of Buying A Property?

There are extra costs that you’ll need to consider when you are taking out a loan to purchase a property. Home loan application fees Most lenders charge a home loan application fee. This can range from loan to loan, and covers: Legal contracts Property title checks...

Which loan is right for me? Fixed, variable or split…

That depends on who ‘you’ are. When you take out a mortgage or home loan, you can choose to have an interest rate this is fixed, variable, or split (a combination of the two). There is no right or wrong option – it all depends on your circumstances. Fixed rate home...

3 ways to avoid paying lender’s mortgage insurance

Lender’s mortgage insurance (LMI) is required in many instances when a loan is worth more than 80 per cent of a property’s purchase price, as well as in some other circumstances. In very basic terms, when a lender considers a loan to carry a high risk, LMI is likely...

5 Things First Home Buyers Need To Know

Before you decide to purchase your first property there are a number of things to consider, including your current personal circumstances and financial status. 1. Think about why you want to buy a home Do you want to live in it or will it be an investment property?...

Type of loan products

Fixed-rate mortgages With a fixed-rate loan, you know exactly how much you’ll pay per fortnight or month for the fixed period of the loan (usually one to five years). Variable rate mortgages Repayments can change during the life of a variable-rate loan, so you may pay...

SUPERANNUATION UPDATE 2018 

SUPERANNUATION  ·         The tax on working holiday makers’ superannuation payments when they leave Australia is 65%, from 1 July 2017.  ·         The low income superannuation contribution scheme is abolished from 2017/18; a low income superannuation tax offset will...

Property owners need to know these new tax changes

From 1 July 2017, travel expenses related to inspecting, maintaining or collecting rent for a residential rental property will be disallowed. From 1 July 2017, travel expenses related to inspecting, maintaining or collecting rent for a residential rental property are...

Skill Select Invitations issued on 20 December 2017

Source:https://www.homeaffairs.gov.au/WorkinginAustralia/Pages/20-december-invitation-round-2017.aspx 20 December Invitation round ​The table below shows the number of invitations issued in the Skill Select invitation round on 20 December 2017. Invitations issued on...