Selling your home privately

May 22, 2017 5:30:00 PM

Many home owners are tempted into selling their homes without the services of a real estate agent. The biggest reason? To save money. Others prefer to rely on the expertise and knowledge of a licenced real estate professional when it comes to selling. To help you decide which option best fits your situation, we’ve outlined some of the things you need to think about when selling your home privately.

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Topics: Mortgage, Australia Property, Australia Real Estate, house sale

Rental property tax deductions: a guide for Australian landlords

May 22, 2017 10:09:33 AM

It’s almost the end of another tax year. If you’ve recently bought an investment property or you’ve caught the Airbnb bug and you’re renting out part or all of your home as a holiday rental, it’s important you know exactly what you can and cannot claim for on your tax return. Here are some of the things you need to be aware of as a landlord at tax time.

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Topics: Mortgage, Tax year, Financial Year End, Tax Deductions, Australia Budget

How to sell your home faster

May 11, 2017 7:01:37 PM

In a constantly changing real estate market, it’s often hard to predict how long it will take to sell a property. Sometimes there are no logical reasons for the length of time it takes. It may simply be a case of “right place, right time”. There are a few things you can do to help speed up the process, though. Read on to find our tips for selling your home faster.

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Topics: Property Article, Properties for sale

‘Debt vulture’ agreements on the rise

Apr 27, 2017 4:38:11 PM

As Australia’s housing debt continues to mount up, with interest-only loans now accounting for nearly a quarter of all owner-occupier mortgages, the debt management industry is growing. Debt management companies are marketing debt solutions to Australians who are struggling with credit card or mortgage debt. Just how safe are these debt agreements?

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Topics: Property Article, Debt

Are you too old to get a mortgage?

Apr 27, 2017 10:19:43 AM

If you’re already in your mid-30’s and only now buying your first home, fear not, you’re not alone. Research undertaken by Westpac in 2016 shows the average age of first home buyers has reached 34. And that number could continue to creep up, with first home buyers taking mortgages out for longer and pushing their repayment terms into retirement age. Are you too old to get a mortgage?

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Topics: Mortgages

Will you be mortgage-free by retirement age?

Apr 20, 2017 10:31:32 AM

A startling report has revealed a growing number of Australian retirees are entering retirement with a sizeable mortgage. Having to use their superannuation to pay off leftover mortgage debt could leave them without enough funds to provide for a comfortable retirement. Will you be mortgage-free by retirement age?

 A housing affordability crisis

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What to look for when choosing a mortgage broker

Apr 13, 2017 8:31:58 AM

Many home buyers have discovered just how beneficial it is to enlist the services of a mortgage broker when shopping around for a home loan. Working with an experienced mortgage broker not only saves you time as they do the legwork for you, it can save you money too when it comes to finding a mortgage with the best terms and interest rates. So, what should you be looking out for when choosing a mortgage broker to work with? Here is our list of top five traits.

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Topics: Mortgages, Mortgage Broker, Home Loan

A win for Victorian first-home buyers as stamp duty is axed

Mar 30, 2017 4:47:51 AM

For struggling first home buyers, a change to stamp duties could be just the boost they need. And Victoria’s new housing affordability solution – HomesVic – could see first home buyers co-purchasing property with the Victorian State Government to reduce the housing affordability crisis in Victoria. Read on to find out more.

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Topics: Australia, Finance Update, First Home, First Home Owner Grant, HomesVic, Stamp Duties

A closer look at Australia’s first home buyer grants

Mar 27, 2017 10:38:51 AM

First home buyers in Victoria are about to get a little more help getting onto the property ladder, as the First Home Owner Grant doubles from the start of the financial year. Elsewhere in Australia, first home buyers can access their own State and Territory First Home Owners Grants. Here’s a closer look at the Government financial help available in each region.

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Topics: Australia, First Home, Property Article, First Home Owner Grant

Is the Australian household debt level a concern?

Mar 27, 2017 5:02:00 AM

Household debt in Australia is amongst the highest in the world, sitting at more than $1 trillion in mortgages. Around Australia, homeowners and property investors are making more calls to financial helplines. The warning signs are there: mortgage arears are creeping up, lenders’ bad debt provisions have increased, and personal insolvencies are near an all-time high. Should we be worried about Australia’s household debt levels?

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Topics: Australia, Mortgages, Household Debt