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ATO warns users about tax scam

ATO warns users about tax scam

The Australian Taxation Office has urged people to be vigilant about a new scam doing the rounds. The ATO has detected an increase in fake websites offering to provide tax file numbers (TFN) and Australian business numbers (ABN) for a fee – but, instead, using the...

4 reasons to stay calm if  your fixed mortgage is about to expire

4 reasons to stay calm if your fixed mortgage is about to expire

Large numbers of borrowers will soon be coming to the end of their fixed-rate period, with Commonwealth Bank alone revealing that $44 billion of fixed loans will expire this year, according to Canstar. Some media reports have suggested that borrowers in that situation...

Houses v units: price growth gap continues to narrow

Houses v units: price growth gap continues to narrow

Buyers are steadily shifting their attention from houses to units. In April, median prices rose 10.4% in annual terms for units and 18.6% for houses, according to CoreLogic – a difference of 8.2 percentage points.While that gap is large, it's not as large as it was in...

Why now is a good time to think about refinancing

Why now is a good time to think about refinancing

The Reserve Bank recently increased official interest rates by 0.25 percentage points and has signalled more rate rises are on the way. But don’t panic. Instead, fight back. How? By refinancing to a comparable home loan with a lower interest rate. I work with a large...

A rate lock can protect you from forecast rate rises

A rate lock can protect you from forecast rate rises

The big four banks have forecast that the Reserve Bank will begin lifting official interest rates from June. If and when that happens, lenders will almost certainly increase their home loan rates. That would be annoying if you're about to start looking for a property...

Median repayment buffers double from 10 to 21 months

Median repayment buffers double from 10 to 21 months

Most mortgage holders will be able to cope if and when interest rates start rising. That’s one of the findings from the Reserve Bank of Australia’s (RBA) latest half-yearly Financial Stability Review. Between February 2020 and February 2022, many borrowers built up...

Supply chain issues trigger sharp rise in homebuilding costs

Supply chain issues trigger sharp rise in homebuilding costs

National residential construction costs increased 9.0% over the 12 months to March 2022, according to CoreLogic’s Cordell Construction Cost Index. That was the highest annual growth rate on record apart from the introduction of the GST in 2001, and means Australians...

More buyers now eligible for federal housing incentives

More buyers now eligible for federal housing incentives

The federal government has expanded its support to first home buyers and single parents, and has also released a new program for regional buyers. The First Home Loan Deposit Scheme and New Home Guarantee, which currently support a combined 20,000 first home buyers per...

What Are Bridging Loans?

What Are Bridging Loans?

Bridging loans are loans used to buy a new home when you haven’t yet sold your existing home. Sometimes it is helpful to purchase a new home before you’ve sold your old one. In which case, you need a bridging loan to allow you to do so when you can’t yet use the...

Consider commercial property when investing

Consider commercial property when investing

Commercial property is classified as any non-residential property that is used exclusively for business purposes. This includes retail properties, office buildings, shopping centres, hotels, warehouses, manufacturing facilities, apartment complexes and land for...

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