By Shane | Uncategorized
Buying a new home can be even more costly than you expect. There are lots of things you need to watch out and budget for.
Paying for your new home is the overwhelming cost, but there are many other areas of concern that you will need to budget for, including legal fees. You have to prepare for it, so that you can avoid experiencing difficulties in the first few years of owning your home.Continue reading
By Shane | Uncategorized
On the first Tuesday of every month (except January) the Reserve Bank of Australia meet to make a decision on the cash rate. Depending on the economic conditions, the RBA may increase, decrease or leave the cash rate unchanged. Changes to the cash rate will affect the interest rate that banks and lenders will offer to borrowers.Continue reading
By Shane | Uncategorized
If you’re buying or building your first home, you may be eligible for the First Home Owner Grant. The First Home Owner Grant scheme is completely funded by the Western Australian Government and managed by the Office of State Revenue.
First home owners purchasing or building a new home may be eligible to receive a grant up to $10,000. The First Home Owner Grant is not means tested. There is no income test. But if you or your partner have owned residential property before, you may not be eligible for the First Home Owner Grant.Continue reading
By Shane | Uncategorized
There’s an increasing number of Australian investors who have taken control of their super fund and are utilising them to purchase property investments. Self-Managed Super Funds (or SMSFs for short) have become the single biggest asset class in Australia. But before going in-depth with the advantages and disadvantages of borrowing with a SMSF, you should first understand SMSFs.Continue reading