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The vast majority of Australians who sell their home use a real estate agent to represent their interests. However, only a fraction of buyers have their own representative. A buyer’s agent, also known as a buyer’s advocate, is a real estate professional who is hired by the buyer and who has a responsibility to represent … Read more
Property investors continue to enjoy increases in their rental income, but the rate of growth appears to be slowing, judging by the latest Domain data. The median house rent in the combined capital cities rose 11.1% in the year to June 2024, compared to 11.5% in the year to June 2023. Capital city unit rents … Read more
When it comes to buying a car, it’s vital to analyse the total cost of ownership, rather than focusing on the sticker price alone. That way, you’ll be able to make an informed decision about the best way to proceed. 1. New vs used An important decision is whether to buy new or used. A … Read more
If you want your property purchase to be as stress-free and successful as possible, it’s important to follow a methodical process that begins even before you start looking at online listings. The first thing you should do is reduce your spending and increase your savings rate at least three months before you apply for a home loan … Read more
If you find yourself owing money to the Australian Taxation Office (ATO), and you weren’t prepared for it, there are options available to you. What happens if you fail to make your tax payments on time? According to the Australian Taxation Office (ATO), they will first contact you. From there, the ATO will apply the … Read more
In its meeting today, the RBA board decided to hold the cash rate at 4.1%, giving reprieve to homeowners. As interest rates have increased in line with the cash rate hikes over the last year, it has become harder for some mortgage holders to refinance their home loan. However, to overcome this, some lenders are … Read more
As more Australians look for ways to minimise their carbon footprint, a growing number of lenders are backing them with ‘green’ loans. Green loans, also known as sustainable loans, are loan products that can be used to finance the purchase of energy-efficient homes, the construction of energy-efficient homes and green renovations. They can also be … Read more
The instant asset write-off, which was due to expire on 30 June 2024, was recently extended by another 12 months, which means eligible businesses can continue taking advantage of this tax benefit in the 2024-25 financial year. Under the instant asset write-off, eligible businesses can immediately deduct the full cost of eligible assets under $20,000, … Read more
It’s commonly said you need a 20% deposit to qualify for a mortgage. However, more than three in ten new home loans actually have smaller deposits, according to the latest data from APRA, the banking regulator. There are five main ways borrowers can buy a property with less than a 20% deposit. Lenders mortgage insurance … Read more
One of the hardest parts of buying a property can be saving the deposit. A guarantor home loan could give buyers the chance to enter the market years ahead of schedule by using a guarantor (generally a parent or close relative) to cover some or all of the deposit. As a result, buyers could potentially … Read more
