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Unpacking the 2023 Federal Budget

Unpacking the 2023 Federal Budget

The budget that was announced on Tuesday night brought several wins for low-income earners, JobSeeker recipients, aged care workers, childcare, small businesses, and renters. In this budget, the government introduced several incentives and investments to support...

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RBA LIFTS RATES FOR THE 9TH CONSECUTIVE MONTH!

RBA LIFTS RATES FOR THE 9TH CONSECUTIVE MONTH!

The board of the RBA decided to lift the nation's official cash rate by 25 basis points, taking the baseline rate from 3.1 per cent to 3.35 per cent. On a $500,000 loan over 30 years, the hike will mean the average borrower will need to find an additional $81 to...

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Discounts continue to increase

Discounts continue to increase

Discounts continue to increase!!!Are you paying 5% or more on your owner-occupied rate??? We have lenders providing standard variable rates from 4.50%Specialist LendingSpecialist lenders reduce assessment rates which can offer higher borrowing capacities above major...

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Christmas Update

Christmas Update

Merry Christmas and a Happy New Year! We look forward to working with you all in the New Year and we hope you’ve had an amazing year.Some Key Stats for 2022Approved Finance 2022 – $135,524,369 Homes moved into – 196 clients helped move into their dream home Car/Asset...

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Weekly Update 16/12/2022

Weekly Update 16/12/2022

Banks Increasing Borrowing CapacitiesAs banks increase their interest rates, so do their internal assessment rates; which, in turn, decreases the amount you can borrow. To combat this reduced borrowing capacity, lenders are adjusting how they assess clients in other...

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Weekly Update 09/12/2022

Weekly Update 09/12/2022

Banks Decrease Fixed RatesAs variable rates are rising along with the Reserve Bank of Australia's increases to the cash rate, banks are actually dropping fixed rates to as low as 4.89%. Hard to believe we know!Cash Back OffersBanks are still offering cash back up to...

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Weekly Update 02/12/2022

Weekly Update 02/12/2022

Upfront Stamp Duty vs Property Tax OptionThe NSW Government now provides first home buyers purchasing properties for up to $1.5 million the ability to choose to pay an annual property tax instead of stamp duty. The property tax will only be payable by first home...

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Weekly Update 25/11/2022

Weekly Update 25/11/2022

NEW - 40-YEAR LOAN TERMA 40-year loan term is now available through one of our lenders. A 40-year home loan offers benefits to homebuyers who require an alternate option to the conventional 30-year mortgage.CASH BACK, CASH BACK, CASH BACKWe have 2 lenders that will...

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Weekly Update 18/11/2022

Weekly Update 18/11/2022

Family GuaranteesDid you know, your parents aren't the only ones that can help you with a security guarantee? Most lenders that offer guarantor loans will accept the security of any close family members! What's a family security guarantee? It allows a family member to...

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Weekly Update 28/10/2022

Weekly Update 28/10/2022

Further rate rises on the horizon?Westpac Group is now expecting the Reserve Bank of Australia to raise the cash rate by 0.5 percentage points next week, taking it to a new 10-year high of 3.1 per cent. A half a percentage point rate rise on November 1 would see...

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Weekly Update 21/10/2022

Weekly Update 21/10/2022

Option for casual employmentA major lender has amended their employment policy to help casually employed clients. For clients in full time, part time, or casual roles, there is now no minimum employment tenure required, provided that at least 6 months employment in...

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Weekly Update 07/10/2022

Weekly Update 07/10/2022

Assessment Rates vs Borrowing Rates - Do you know the difference?An assessment rate impacts your borrowing power and capacity to lend. When assessing the loan we use an assessment rate from 7.95% all the way up to 9.59%. You need to know your lenders.RBA Lifts Rates...

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Weekly Update 30/09/2022

Weekly Update 30/09/2022

Lowest Variable RatesA super secret lender is offering discounted interest rates on their package variable and basic variable rates with a maximum LVR of 70%, offering owner occupied rates from 3.49% p.a. and investment rates from 3.74% p.a. These rates did not...

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Weekly Update 23/09/2022

Weekly Update 23/09/2022

Regional First Home Buyers Guarantee SchemeSoon, the Regional First Home Buyer Guarantee (RFHBG) will be available to assist aspiring first home buyers living in regional Australia achieve their dreams of home ownership sooner with as little as a 5% deposit. Starting...

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