Stamp duty concessions for first homebuyers in 2022 One of the added costs to buying a house and getting a home loan is in the form of fees charged by the government. Stamp duty is a tax charged by states in every transaction that requires
What is the Family Home Guarantee? The Family Home Guarantee is a state initiative to help eligible single parents with dependants afford a home. Single parents can buy a house with only as little as a 2% deposit. This will allow them to get a
What is FHLDS? To help first-time homeowners, the Australian government launched the First Home Loan Deposit Scheme (FHLDS), also known as the First Home Guarantee. A problem most aspiring homeowners have is the lack of the 20% deposit required to get a loan for a
What is FHOG? The First Home Owner Grant (FHOG) is an initiative by the Australian government to help first home buyers get their dream home. Although it’s a nationwide mandate, every state has its own policies for the grant. It’s a one-off payment given to
Affordable homes have always been at the top of every Australian’s demand from the government. A dream that influenced votes over the weekend. Coming out of an apparent victory, Anthony Albanese of the Australian Labor Party is Australia’s 31st minister. Will the demand for low-cost
Fixed-rate mortgages give homeowners immunity from rate hikes or any erratic market movement throughout the life of their loan. Generally, fixed rates have higher interest rates compared to variable rate loans. And that is because part of what you sign up for is the peace
A lot of people aspire to get into the property market, but obviously, it’s not easy. Otherwise, every Australian would be owning a rental home by now, given the great returns the property market offers. One thing that hinders people is, first, the problem with
When done right, investing in property can help you build wealth for your future. In Australia, properties are currently a smart investment. Many people are enthusiastically jumping into the market to make the most of the current low-interest rates to make their first investment. But
The RBA has just lifted the cash rate again this June following the recent hike in May. The target cash rate today is.85%. The official cash rate is at 75 basis points up from the rate the country enjoyed since late 2020. Banks have followed
The Reserve Bank has just announced after its June meeting that the official cash rate is 0.85%. This is the second time the RBA raised the official cash rate ever since it dropped to record lows of 0.1% in November 2020. The last rate hike
