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You are considering selling your current home, and buying another. Ideally you would like to move straight out of your current home into the new one, which would mean both settlements occurring on the same day. But how do you finance the purchase of a new home if you cannot align the settlement dates?
There are a couple of scenarios to... more
It’s important to understand the game has changed when it comes to borrowing. It’s changed for everyone from first home buyers to investors refinancing fixed interest loans or home owners swapping banks for lower rates.
The Australian Taxation Office (ATO) has announced changes to the way GST is collected at property settlement.
According to the ATO, those purchasing new residential premises or potential residential land who are required to withhold part of the purchase price for payment (to the ATO) must submit a number of online forms. These forms... more
Below is a fact sheet that explains lenders mortgage insurance (LMI) and provides answers to some commonly asked questions.
What is lenders mortgage insurance?
Lenders mortgage insurance (LMI) is one way to buy a home without having the 20 per cent deposit which is typically required by most... more
Purchasing your perfect home or investment property is an exciting and challenging journey, and usually is one of the largest investments in your life!
It is therefore important to remain level headed throughout the excitement, to understand what you may be able to afford, and to engage with a professional to help you... more
Each quarter CommSec analyse eight key indicators including economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements.
The State and Territory economic performance report is produced by Craig James, Chief CommSec Economist and Savanth Sabastian,... more
There a range of factors you should consider when looking to refinance any loan.
The first thing you need to ensure is that the refinance is not triggered by emotion or an impressive headline rate.
The next step is to make sure you compare the exact circumstances of your existing facilities with the exact circumstances with the... more
With some 3 year fixed rates now below 4.00% why wouldn’t you fix your home loan? Historically this is the best that 3 year fixed rates have ever been and are currently lower than the majority of the variable rates on offer.*
With this in mind, part of the decision to lock into a fixed rate should involve taking a look at your entire... more