Usually, lenders will only change their rates to reflect a change in the RBA’s cash rate, whether that’s an increase or a decrease. This month (March 2017), the RBA held the cash rate at the record low rate of 1.50% for the seventh month in a row. This hasn’t, however, stopped lenders from hiking up
You’re thinking about making the biggest commitment of your life so far. No, we’re not talking about getting married, it’s that other big decision in your life – buying a property! You might have been saving in your Dollarmites account since you were 10 years old or you turned 18 and realised you better start
An average home buyer or property investor should be able to recoup the cost of refinancing within 12 months, reaping the savings from lower costs for the remaining term, according to analysis. Banks and other lenders are cutting fees – in some cases eliminating application charges – and lowering borrowing rates in a bid to
The cost of land for new homes has spiked in the past decade, up almost 150 percent per square metre, while block sizes have shrunk. At the same time, the Urban Development Institute of Australia has found the number of lots released to market has slumped in the past year – most notably in Melbourne,
Furnish your pockets with the funds claimed from depreciable assets! Owners of investment properties are often unaware of all the taxation benefits an investment property can generate. Property investors are entitled to claim a tax deduction on their property for all the standard losses including interest, insurance, real estate management fees, rates, repairs and maintenance.
With expectations strong that the RBA will leave the cash rate on hold tomorrow at 2.75%. The Commonwealth Bank is Australia’s biggest mortgage lender by some distance with an owner-occupier home loan book of $219 billion, followed by Westpac ($170 billion), NAB ($141 billion) and ANZ ($128 billion), the APRA April figures show. The fifth
This should only be taken as general information and you should seek legal advice in your specific situation. When a Family has gone through separation and divorce as a part of the settlement they may need to divide assets between parties within the relationship. in Australia both the Family Court and Federal Court deal with