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NSW stamp duty changes & rates to peak earlier
Interest rates are predicted to peak lower and pause earlier than originally expected. A cash rate of around 3.6 per cent is where most expectations are now sitting. Some reputable experts believe we will only get to 3.1 per cent, which means we’ve got one more rate rise to go. Hopefully, for home owners and potential buyers, this ends up being true and for NSW first home buyers, there’s more good news. First home buyers can now opt to pay an annual property tax instead of upfront stamp duty, as the NSW Government legislated the First Home Buyer Choice scheme this week.
First home owner initiatives to combat rate rise impacts
Home loan variable interest rates are rising on Tuesday next week and fixed rates, which are already sky-high went even higher last week with some of the banks. These interest rate rises alone are impacting how much we can borrow. If this global supply shortage problem normalises sooner than later and these Federal and State government first home owner initiatives are effective, will our residential property market price correction, slow down?
Property Price Predictions & First Home Lending Scheme Updates! - May 2020 🏡💲
The Australian public has done well to adapt to social distancing laws relative to the rest of the world, but what does this mean for the property market? Will there be an adverse effect on the market as a whole? What is happening to our interest rates and bank offerings? What does this all mean for potential first home buyers in this trying time? All this and more in this month’s blog!
🎁12 Days of B&W Finance - Day 6🎁
So, you want to purchase property but your deposit is lower than the average number of laughs at the comedy club on amateur night, what do you do?
Today on our 6th Day of our 12 days of coverage we’ll be talking about low deposits.
🎅12 Days of B&W Finance - Day 5🎅
Day 5 of our 12 Days of Black and White Finance begins now!
Put on a mug of hot cocoa and kick up your feet as we explain all the ins and outs of Lenders Mortgage Insurance (LMI)!
⭐12 Days of B&W Finance - Day 4⭐
Are rising property prices getting you down?
Do you have limited savings?
Feeling like the property market is unreachable, unlike the years when your parents bought?
Well here’s one word that can help you: Guarantors.
Welcome to day 4 of our 12 days of Black & White Finance, let’s get into it!
🎄12 Days of B&W Finance - Day 1🎄
For the month of December, over the next 12 days, we will be releasing cool new information on all things finance related with what we are calling “The 12 Days of Black & White Finance”. Let’s kick things off with the first home owners grant (FHOG for short) for all you aspiring property hunters. After all, tis’ the season!
What first home buyers need to know:
Buying your first property is an emotional investment, it can be daunting. What is the difference between fixed and variable, what is mortgage insurance, is it better to choose principal and interest or go with interest only? Which lender is tightening up, who is super conservative?