New loan commitments for housing have declined for the first time since May 2020, but months of growth have ensured records have been maintained, new data has shown. After eight consecutive months of growth, new loan commitments for housing fell 0.4 per cent to $28.6 billion in February 2021, the […]
Home loan commitments crash for the first time since May Read More »
Despite Australia’s rapid economic recovery from the COVID-19 pandemic, one in three Australians is still feeling financially stressed, just weeks before JobKeeper and JobSeeker end, new research shows. Survey data by the University of Melbourne and the Melbourne Institute shows that 31 per cent of respondents are now reporting difficulty in paying for
Economic recovery fails to relieve financial stress Read More »
With the end of the financial year fast approaching, property investors are being urged to look into depreciation or risk losing thousands. Research released by accounting firm BMT found that 12 per cent of property owners fail to claim depreciation schedules as part of their tax deduction, despite it being
Property investors miss out on key tax benefits Read More »
Essential bills, savings accounts, Christmas gifts and exchange-traded funds appear to be the big winners from the latest round of tax cuts, new research has revealed. During the 2020 budget, Treasurer Josh Frydenberg announced that up to 11 million Australians will benefit from tax cuts, with more than 7 million individuals
How are Australians planning on spending their tax savings? Read More »
Following a year of record-low interest rates, a volatile stock market and consumers flocking to access their superannuation, a financial expert has prepared six tips for Aussies looking to get on top of their finances in 2021. According to Minnik’s Chartered Accountants founder Leah Oliver, the start of the year
6 tips to turn your financial resolution into reality Read More »
ASIC has warned investors of imposter bond investment offers where scammers are targeting Aussie investors by pretending to be associated with well-known domestic and international firms, offering rates too good to be true. According to ASIC, high-yield bond scams usually occur in most circumstances after an investor completes an online
ASIC warns investors over ‘too good to be true’ bogus bond scheme Read More »
The federal and local governments have launched several grants and assistance programs to help their citizens achieve the great Australian dream of owning a home. Find out which of them are available to you today: National First home loan deposit scheme (FHLDS) The FHLDS is an Australian government initiative to support eligible
First home buyers guide: Grants and assistance in each state and territory Read More »
Australia’s housing market is currently in one of the strongest growth phases on record, but is now a safe time to sell? Property values across Australia are growing at their fastest rate in 17 years, with CoreLogic reporting a lift in median prices of 2.1 per cent in February to
Is now the right time to sell your property? Read More »
“Property prices are going to fall. Home values are going to rise. Apartments will be sold on the cheap but houses will be in high demand. Regional areas will outpace capital cities.” All of the above predictions has been made by reputable forecasters at some point during the last 12
A buyer’s agent has raised an alarm against buyers who are choosing to skip building reports in the current market, which could lead to costly repairs down the track. EPS Property Search director Patrick Bright believes buyers need to be extra cautious about recently renovated properties, which could be a
Things you need to consider when buying a recently renovated property Read More »
A combination of record-low interest rates and COVID-19-induced lockdowns is seeing a new wave of retail investors enter the sharemarket for the first time. A study by Investment Trends showed that 435,000 Australian retail investors made their first trade in 2020, taking the total number of active retail investors in Australia
New wave of retail investors flood Australian market Read More »
Despite a surge in listings, low-income earners are continuing to be left behind, as governments begin to unwind their protections on evictions. With rental moratoriums in NSW, Victoria and Western Australia ending, alongside the government’s JobKeeper wage subsidy, markets are predicting a boost in rental yields as well as a
Surging property listings fail to house low-income earners Read More »