30 April
Although the fate of the boost to the First Home Owners Grant beyond its current June 30 expiration date remains uncertain leading into the Federal Budget on May 12, there is the possibility a different boost for first home buyers purchasing 'green' homes may be introduced.
With the environment still on the agenda and the Government apparently keen to introduce mandatory green standards for all new homes built, the 'green' first home owners grant would provide assistance to first home buyers looking to buy or build property that meets stringent energy efficiency guidelines.
Areas of energy efficiency likely to be mandatory ...
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Categories: Finance News. Tags: Federal Budget, First Home Owners Grant, First Home Owners Grant Boost, New Homes, Property.
29 April
According to a recent survey conducted by the Housing Industry Association (HIA), sales of new homes rose for the third straight month in March, thanks to the boosted First Home Owners Grant and lower interest rates.
HIA chief economist Harley Dale said the boosted grant was ‘clearly’ having a positive influence on new home sales and the building sector, and urged the Federal Government to consider continuing the boost beyond its current June 30 deadline.
The last update on housing finance from the Australian Bureau of Statistics, its February measure of home loan activity, put ...
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Categories: Finance News. Tags: First Home Owners Grant, First Home Owners Grant Boost, Interest Rates.
29 April
Ray White Project Marketing Toowong, in conjunction with Loan Market's Euan Brown and Bradley Beer from BMT Tax Depreciation, are holding a free property investment seminar on May 20.
The seminar is designed to help existing and potential property investors to maximise their investment returns in the current market.
The free seminar runs from 6.30-8pm at the Toowong Uniting Church, 82 Sherwood Road, Toowong.
Anyone interested in attending should contact Ray White Project Marketing Toowong to register their interest on phone 3870 0088.
Source: Westside News
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Categories: Media Articles, Mortgage Brokers. Tags: Euan Brown, Free, Investors, Loan Market, Property Investment, Ray White, Seminar, Toowong.
Increased investment borrowing over the coming months could see a 'price war' between major lenders on fixed rate home loans, according to NAB's head of mortgages, Steven Shaw.
The report by the Herald Sun indicated the NAB man believes the gap between variable rate home loans and fixed rate home loans will narrow, despite recent moves by most lenders to increase their fixed interest rates.
Currently there is more variation in pricing on fixed rate home loans between the lenders than variable rate home loans.
Althought variable rate mortgages are still the most popular type of home loan with Australians, those ...
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Categories: Finance News. Tags: Fixed Rate Home Loans, Split Loan, Variable Rate Home Loans.
Mortgage broker Loan Market Group is holding an information night for people in Penrith seeking to enter the property market, with just a few months remaining to take advantage of generous Federal Government first home buyer concessions.
Loan Market Penrith senior mortgage broker Tony Inglis said the free seminar will be held in conjunction with Ray White real estate at the Ray White Penrith office on May 5.
Mr Inglis said the seminars have been held around Australia and include advice on how to obtain housing finance and detail the benefits from Government measures such as the boosted First Home Owners ...
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Categories: Press Release. Tags: First Home Buyers, First Home Buyers Seminar, First Home Owners Grant, Loan Market, Penrith, Ray White Penrith, Tony Inglis, Village Green Conveyancing.
People keen to enter the real estate market are trying to overcome tighter lending restrictions by drawing on the equity in a family property to secure a home loan, according to leading mortgage broker Loan Market Group.
Loan Market Group Executive Director John Kolenda said there had been an increase in inquiries for family equity mortgage options since major banks reduced their maximum loan to valuation ratio (LVR) to 90 per cent in response to the global financial crisis.
Mr Kolenda said family equity options were available to help first home buyers and families entering the residential real estate market.
“They ...
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Categories: Press Release. Tags: Family Equity, First Home, First Home Buyers, First Home Owners Grant, Home Loan.
27 April, 2009
The importance of finding a good mortgage broker with accounting knowledge, particularly for property investors and business/commercial borrowers, is often overlooked.
While it's true that securing finance in these areas can be simple for some, largely the knowledge of an accountant is required anyway, so finding that in the same place as your mortgage broker can help save time and confusion.
Understanding complex business finances, including profit and loss statements, can be especially helpful when it comes to packaging a commercial finance package correctly, and also when applying to the correct lender for finance for your ...
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Categories: Mortgage Brokers. Tags: Cannington, Commercial Finance, Damien Mills, First Home Buyers, Investment Finance, Minimise Home Loan Costs, Property Investors.
Working in WA with its large mining industry worker base, I see a lot of Fly In - Fly Out (FIFO) workers who are looking for a home loan.
This group of borrowers can have some special requirements, based on the nature of the work, particularly when it comes to getting to appointments and just generally communicating.
In addition, most often a FIFO worker is looking to purchase a home or investment property well away from their current workplace, or is using the additional remuneration benefits received to consolidate their current financial position.
Flexibility and creativity are the keys to successfully sourcing a ...
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Categories: Mortgage Brokers. Tags: First Home Buyers, Fixed Rate Home Loans, Joseph Bender, Mortgage Broker, Perth Hills.
24 April
After mixed reports it seems the boost to the First Home Owners Grant will be extended beyond its June 30 deadline as part of the next Federal Budget, announced on May 12.
An comment by Prime Minister Kevin Rudd which seemed to signal the end of the boost, was followed by information from an unnamed source which indicated the boost will continue in a slightly altered format that places the emphasis on construction.
The housing industry has lobbyed extensively over recent months to have the boost to the first home buyers grant extended to help sustain a housing market recovery and ...
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Categories: Media Articles. Tags: Federal Budget, First Home Buyer, First Home Owners Grant, First Home Owners Grant Boost, Housing, Interest Rates, May Bduget, Property.
The boost to the First Home Buyers Grant may not be extended beyond June 30, Prime Minister Kevin Rudd has said.
“The first home owner’s boost, as you know, we have indicated that will conclude within a very fixed and finite time frame,” Mr Rudd told reporters in Perth.
“It’s had strong useful results so far, but I have got to say all good things must come to an end.”
The government had been under pressure from members of the finance industry, including the Loan Market Group, to extend the grant.
The grant was doubled from $7,000 to $14,000 for the purchase of existing dwellings ...
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Categories: Finance News. Tags: First Home Buyers, First Home Buyers Grant, First Home Owner’s Boost.
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