LMI, LVR, OMG. There are some things you need to understand before applying for finance, but finance jargon and process that you’re unfamiliar with can feel daunting. We understand, but it doesn’t have to be. We break it down and keep it simple every step of the way. In this space, we’ll share tips and real life examples to help you understand what’s involved in obtaining finance when you work with us.
Prime Minister Scott Morrison has just recently declared that the government’s Home Guarantee Scheme will have higher maximum property prices and more available places per year. From July 1, this price upgrade will qualify houses in two out of five (40%) suburbs nationwide for the scheme. This is up from 24.1% according to analysis by […]
Joseph Daoud
3 minute Read
Rental prices have increased dramatically right across the nation due to record low vacancy rates. Capital city rents have risen by 11.8% over the past 12 months and rose by 2.2% in just the last month, according to SQM Research. Louis Christopher, SQM Research managing director said that “The magnitude of rental increases across the […]
Joseph Daoud
2 minute Read
https://itssimple.com.au/wp-content/uploads/2022/04/Ep126_-_Joseph_Daoud_mixdowna3qma.mp3Podcast: Play in new window | Download Just recently, our founder and CEO, Joseph Daoud, appeared on the Real Estate Right podcast to discuss the importance of credit scores. While you may be familiar with the definition of a credit score, you may not be so familiar with the role it plays in your mortgage. [...]
Joseph Daoud
2 minute Read
Be prepared, asking rents are set to surge by 15% nationwide this year due to a 16-year low in vacancy rates, which is adding greater momentum to Australia’s surging inflation, according to SQM Research. The number of available rentals has dropped to 1.2% across the country in February which is the lowest level since December […]
Joseph Daoud
2 minute Read
As reported by the Australian Financial Review, house prices in a few of the inner suburbs of Sydney, like Surry Hills, have dropped by more than $190,000 in the past three months to February. This is all according to CoreLogic figures, so this isn’t something the Review has made up. We’ve been waiting a while for prices to […]
Joseph Daoud
2 minute Read
The latest report from CoreLogic released on Tuesday has shown that Sydney has suffered a 0.1% decline in housing values. It doesn’t sound like a lot, but this is the first time Sydney has endured any kind of loss in the housing sector since September 2020. This is part of a nationally slowing property market […]
Joseph Daoud
3 minute Read
If you’re new to the property market, and an estimated one million of you are, you are about to experience your first rate hike. This time earlier than predicted, at least according to the Commonwealth Bank (CBA) who have just brought their interest rate increase estimation forward from August 2022 to June 2022. Why have […]
Joseph Daoud
3 minute Read
Our founder, Joseph Daoud, was featured in an article from 9 News and discussed how owners can have access to a secret weapon: equity. “Equity can make a huge difference to a person’s life and financial outlook, as the more equity someone has, the more money they could potentially have access to,” says Joseph. We’re […]
Joseph Daoud
4 minute Read
To all our terrific clients: thank you for your ongoing support and for being such wonderful, loyal clients. We are always so appreciative of any opportunities – be they big, small, or anywhere in between! Life has thrown many of us all sorts of challenges these past two years, so we hope you’re shifting into […]
Online Marketing Gurus
2 minute Read
Want to buy your first home with a deposit of just 5% and pay no lenders’ mortgage insurance? You could be in luck – the federal government will soon reissue up to 4,651 unused Home Guarantee Scheme spots. First home buyers who use the Home Guarantee Scheme fast track their property purchase by 4 to 4.5 […]
Online Marketing Gurus
4 minute Read
Ever thought about taking out a loan for your business but hesitated because you were worried about meeting your repayments? Don’t worry, it’s a common concern. But some promising data has just come out that might help you put those fears aside. You gotta spend money to make money, so the saying goes. But what […]
Online Marketing Gurus
3 minute Read
Christmas is fast approaching and there’s a good chance you’ve started turning your attention to gifts for family and friends. But be careful this silly season: more than half of Buy Now Pay Later (BNPL) customers are struggling to pay day-to-day living expenses. Christmas and overindulging: name a more iconic duo. But one temptation to […]
Online Marketing Gurus
3 minute Read
Ever thought about buying a property with a friend or family member? You’re not the only one. The rising cost of property and FOMO has led to more than a quarter of Australians considering buying a property with a ‘non-traditional’ partner. Most of us long for a place to call our own. But what do […]
Online Marketing Gurus
3 minute Read
The summer trading season poses a raft of tricky cashflow and stocking challenges for retailers at the best of times, let alone following a global pandemic slowdown. But if done well it can set your business up nicely for the good times ahead. Ahh summer, how we’ve longed for you – especially this year as […]
Online Marketing Gurus
3 minute Read
You’ve probably noticed that house prices in Australia consistently outstrip growth in wages. But by how much? And what can you do to make sure you’re not forever chasing the great Australian dream? Each generation faces its own unique set of challenges (and opportunities!). And for the current crop, one big challenge can be breaking […]
Online Marketing Gurus
4 minute Read
Whether you’re looking to buy, sell or hold, there’s a good chance you’ve wondered whether the property market will tumble when interest rates rise, right? Today we’ll look at what happened to house prices when interest rates were hiked in the past. Past performance does not predict future results – we’ve all heard that before. […]
Online Marketing Gurus
5 minute Read
When you pay a supplier or service provider, are you certain you’re paying the right account? You’ve got to be super careful these days, as scammers are compromising inboxes and requesting payments to a new account. Here’s how to protect your business and its customers. It’s Scams Awareness Week 2021, and over the past year […]
Online Marketing Gurus
4 minute Read
Open banking is here and it’s charging full steam ahead. So just how are lenders and fintechs using your shared data in this brave, new, data-fuelled world? A new report has shed some interesting insights. With all that’s gone on over the past two years, one of the nation’s biggest banking overhauls in recent memory […]
Online Marketing Gurus
3 minute Read
Mortgage holders are facing a sooner-than-expected cash rate rise after the Reserve Bank of Australia (RBA) revised its outlook due to the economy bouncing back strongly from the Delta outbreak. So just how soon can we expect a rate rise? As widely predicted, the RBA on Tuesday kept the official cash rate at the record […]
Online Marketing Gurus
5 minute Read
More than half of Australian house hunters spend the same amount of time inspecting a property as they do watching an episode on Netflix, according to new research. We get it. You see a house you like and you immediately want to buy it, warts and all. But take a breath, as FOMO can be […]
Online Marketing Gurus
4 minute Read
There have been a few changes to the First Home Buyers Grant NSW and it could save you money by knowing what those are. So, we thought we’d help you out and provide you with everything you need to know about the First Home Buyers Grant NSW. So just a quick definition for the uninitiated. [...]
Online Marketing Gurus
3 minute Read
We’ve all been guilty of the odd credit card mix-up from time to time – it happens! But if you’re consistently relying on a personal credit card to pay your business expenses – like 4-in-10 SME owners – then it’s probably time to explore other funding options. The past 18 months have been tough for […]
Online Marketing Gurus
3 minute Read
Are the days of ultra-low fixed interest rates over? It’s looking increasingly so, with two major banks increasing their fixed rates this week. So if you’ve been thinking about fixing your mortgage lately, it could be time to consider doing so. Do you know how when one tectonic plate shifts, others around it soon follow? […]
Online Marketing Gurus
4 minute Read
If you’re an owner-occupier struggling financially right now due to Covid-19, you are not alone. Luckily, by refinancing your home loan you can lighten the load on yourself and your family. This isn’t limited to those who are struggling either as now might be the right time to refinance even if you are currently financially [...]
Joseph Daoud
4 minute Read
Almost 33,000 Australians bought their first home four years sooner thanks to two federal government schemes that give first home buyers a leg up into the property market. Could you, or someone you know, be eligible? We love a feel-good news story around here. And hearing that so many first home buyers got a leg […]
Online Marketing Gurus
4 minute Read
Your fixed home loan rates are coming to an end, and you have no idea what to do. Luckily, there’s actually a variety of options available to you. Things like reviewing your home loan or looking for a better home loan are now available to you. Let’s take a look at what your options are [...]
Joseph Daoud
4 minute Read
While many SME owners worry about their access to finance, a surge of new lenders and products is rapidly expanding the options available. And brokers have an important role to play for businesses, says the Productivity Commission. Changes to lending markets over the past decade mean there’s now a wide range of business finance options […]
Online Marketing Gurus
3 minute Read
Some borrowers will soon find it harder to get a mortgage after the banking regulator announced tougher serviceability tests for home loans. So who will they impact most? The Australian Prudential Regulation Authority (APRA) will increase the minimum interest rate buffer it expects banks to use when assessing the serviceability of home loan applications from […]
Online Marketing Gurus
4 minute Read
The federal treasurer has given the strongest indication yet that a home loan crackdown is coming, stating that “carefully targeted and timely adjustments” may be necessary to avoid troubled waters. So what could a potential lending crackdown look like? Lending standards and fast-rising property prices have been hot topics of late. Interest rates are at […]
Online Marketing Gurus
4 minute Read
Credit score tells lenders a lot about you, and it isn’t a static number, it’s constantly changing. For better or for worse your credit score is likely to rise and dip throughout your life, but what’s even the cause for a rise or dip in your credit history? Here are a few reasons why your [...]
Joseph Daoud
5 minute Read
Almost one-in-two SMEs have applied for new funding in the last six months, a new report has found, and of those SMEs only half were successful in obtaining the full amount they were seeking. If you haven’t already figured it out over the past 18 months, small and medium-sized business owners are a pretty resilient […]
Online Marketing Gurus
3 minute Read
With house prices going gangbusters in the first half of 2021, is it still a good time to buy property? The majority of investors think so, according to the latest annual survey. And investors have their sights set on one city in particular. The 2021 PIPA Property Investor Sentiment Survey, which gathered insights from 800 property […]
Online Marketing Gurus
4 minute Read
Loyalty is an admirable trait in many people, and it is normally something to strive for. Unfortunately, with bank and lending institutions loyalty is not always rewarded. Banks most often, are worried about their bottom line and profit, and can often disregard those of us who remain loyal. Those with older mortgages are finding that [...]
Joseph Daoud
3 minute Read
Paying off your mortgage as fast as possible is a very attractive prospect. Being debt-free as soon as possible? What’s not to like? When you pay off your mortgage early, you could save a tonne of money from interest, and you actually get to completely own your house. This is a great option for most [...]
Joseph Daoud
5 minute Read
The average Australian homeowner is paying more than $37,000 in extra interest over the life of their home loan due to the loyalty tax, and it’s got three-quarters of borrowers feeling “ripped off” and “angry”. What’s the loyalty tax? It’s this sneaky lender trick where borrowers with older mortgages are typically charged a higher interest […]
Online Marketing Gurus
3 minute Read
There has been a massive surge in people refinancing their home loans, according to data from the ABS. Refinanced home loans reached an all-time high of $17.2 billion in July – a 6% increase from June and more than double the amount we saw two years prior in July 2019. So why is this happening? [...]
Joseph Daoud
4 minute Read
Interest rates are constantly changing, it’s in their nature. It’s important to know what the various interest rates are for any kind of loan you might be thinking of taking out. So, what are the current interest rates in Australia? Let’s focus on the cash rate, home loan rates, savings account rates, and current term [...]
Joseph Daoud
4 minute Read
With interest rates at record low levels, the number of homeowners refinancing skyrocketed to an all-time high in July. Today we’ll run you through why so many people are refinancing, and why you should consider doing so too. We’re currently seeing more people refinance their home loans than ever before, and the latest ABS figures out this […]
Online Marketing Gurus
3 minute Read
Do you know how the people in your world are really doing right now? Chances are you know someone who’s doing it tough, but silently pressing on. As always, we’re here to support you, and for R U OK? Day we’re sharing ways you can help others. Life’s ups and downs happen to all of […]
Online Marketing Gurus
5 minute Read
Remember that classic TV ad: ‘nine out of 10 dentists recommend using [toothpaste brand]?’ Well, it turns out we’ve earned a similar level of trust when it comes to helping first home buyers sink their teeth into the property market. That’s because nine out of 10 first home buyers (FHBs) recently said they trust a mortgage broker […]
Online Marketing Gurus
3 minute Read
Times are tough but there are some things we can do to try and improve our financial situation. For starters, small and medium businesses struggling will be able to access cheaper funding after the federal government expanded the eligibility criteria for the SME Recovery Loan Scheme. If you are unaware of what the scheme is [...]
Online Marketing Gurus
3 minute Read
For many Australians, trying to save up for a 20% deposit is becoming harder and harder to do, but luckily there are alternatives out there. Low deposit home loans can be applied for like any other mortgage and some lenders can even offer low deposit home loans with a deposit as little as 3% of [...]
Joseph Daoud
5 minute Read
With many people around the country doing it tough right now, this week we’ll look at a way you can take some pressure off your monthly finances through debt consolidation. Here’s a quick experiment. Go pick up three balls and try to juggle them. Most people, besides those who ran away to join a circus, […]
Online Marketing Gurus
4 minute Read
More small and medium-sized businesses struggling to stay afloat due to the economic impacts of COVID will have access to cheaper funding after the federal government expanded the eligibility criteria for the SME Recovery Loan Scheme. The government is removing requirements for SMEs to have received JobKeeper during the March quarter of 2021, or to […]
Online Marketing Gurus
3 minute Read
As many first home buyers are aware, it’s hard to buy property in Australia nowadays. Thankfully, first home buyers aren’t being left behind. The Australian government introduced the First Home Loan Deposit Scheme as a way to support first home buyers to purchase a home sooner rather than later. This is great news as the [...]
Joseph Daoud
4 minute Read
With the pandemic once again tightening its grip around many parts of Australia, today we’ll run you through hardship and grant options that could be available to you or your business. Setting all politics aside, it’s safe to say no one wants to be here. Yet here we are – this time with no JobKeeper […]
Online Marketing Gurus
5 minute Read
This week we found that Australian vendors and sellers are very happy with the property market as national research by RateMyAgent has revealed that satisfaction amongst sellers has risen 18% in just one year. The half-yearly Price Expectation Report asked vendors if their recent sold price was above, below, or in line with their [...]
Joseph Daoud
3 minute Read
It’s harder than ever to purchase a property but that doesn’t mean that it is impossible to save enough for a deposit on a home loan. But first, let’s look at why it’s hard to even purchase a property. According to Money.co.uk, the average budget (based on an average income of AU$75,000 per annum) for [...]
Joseph Daoud
6 minute Read
What measures do you have in place to help protect your family home or business? If life insurance through your superannuation account is one of them, then it’s a good time to give it a quick review – especially if you work in a high-risk environment. We’ve all switched off mentally during those sombre daytime […]
Online Marketing Gurus
4 minute Read
It seems that COVID hasn’t managed to slow down the property market one bit as Australian house prices are rising at their fastest rate in more than 17 years. According to CoreLogic, prices increased a further 1.6% across the whole of Australia, which means that there has been a 16.1% increase over the past year. [...]
Joseph Daoud
2 minute Read
You’d have to go all the way back to the 2004 Athens Olympics to find a time when house price growth was faster than it has recently been. But latest data suggests the golden run has started to slow down. It’s no secret that house prices have reached record-breaking highs this past year. In fact, home values […]
Online Marketing Gurus
4 minute Read
It has been an incredibly tough time these past few weeks, and it looks set to get even tougher. At times like this, we would like to extend our support to the community and ensure that you are taking care of yourselves as well as your finances. As many of us cannot see our [...]
Joseph Daoud
3 minute Read
Australia is a tale of two economies right now, depending on the state or sector your business is based in. Today we’ll run you through three cash flow tips for your business, whether it’s growing or struggling. Covid-19 has really brought a two-speed economy to the fore in Australia. For some businesses, the stop-start-stop nature […]
Online Marketing Gurus
5 minute Read
Do you use a Buy Now Pay Later (BNPL) service like Afterpay or Zip? If so, be warned that one leading credit agency has made a big change that means your BNPL data will go onto your credit report. BNPL transactions have risen rapidly over the past few years – so much so that they caught financial […]
Online Marketing Gurus
3 minute Read
We hope lockdown hasn’t been too bad for everyone, but we have some news from the week that might be of interest to you. There has been a lot of focus on rental market prices this week as they’ve surged along with the real estate housing boom. Rents have grown at their greatest pace [...]
Joseph Daoud
3 minute Read
Drive or walk around your local suburb mid-morning on a Saturday and chances are you’ll pass a few freshly banged up ‘Auction’ signs. But is Saturday actually the best day to auction your home? New data suggests perhaps not. We all love a good auction story. You’ve probably got a mate or two whose favourite […]
Online Marketing Gurus
3 minute Read
Lockdown has been extended and affects more people than ever. This means that we want our customers to make sure they are taking care of themselves financially. Here is a quick refresher on the grants available to help you ensure that you and your family are as financially secure as possible during these tough times. [...]
Joseph Daoud
4 minute Read
As if Australian business owners hadn’t faced enough challenges this past year – now the dreaded annual insurance and workers compensation premiums will soon arrive in mailboxes. Here’s how to smooth ‘em all out (and get an early bird discount!). If you’re a business owner, you know there’s no shortage of big bills you’ve got […]
Online Marketing Gurus
3 minute Read
One of the most exciting things about moving into your own home is doing whatever you want with it, such as growing your own veggie patch. But did you know more than a third of Aussie backyards are contaminated with lead? Here’s how to get your soil tested for free. Gardening is a bit like […]
Online Marketing Gurus
3 minute Read
As Sydney braces itself for a lengthy lockdown, there is some good news, 22 banks, including the Big 4, have announced fresh COVID support for small businesses. This support includes loan repayment deferrals. Small businesses — with debts under $3 million and a turnover of less than $5 million — can apply for repayment deferrals [...]
Joseph Daoud
4 minute Read
After 18 straight RBA cash rate cuts it can be easy to dismiss the notion that interest rates might rise again. But if the cash rate returned to mid-2019 levels, how much extra would an average new mortgage holder expect to pay each month? Let’s take a look. They say what goes up, must come […]
Online Marketing Gurus
4 minute Read
Last week, most of the focus was put on lockdown, but there were still a few stories out there about the property market. Let’s focus on the grants available to businesses and individuals made available by the State and Federal governments. These grants are designed to relieve some of the pressure of lockdown. Businesses have [...]
Joseph Daoud
3 minute Read
If you’d like to buy your first home with just a 5% deposit and pay no lenders mortgage insurance (LMI), then you better act quick, as thousands of first home buyers are expected to rush to apply for the limited spots up for grabs. And if you’re a single parent with dependent children, a similar […]
Online Marketing Gurus
4 minute Read
Last week, due to the spread of covid-19 and some unfortunate circumstances, NSW and much of Australia has been forced back into lockdown. Although we could see some varying results, the property market remained strong over the weekend and we’re still here to provide you the best service. In other news, we saw some good [...]
Joseph Daoud
2 minute Read
Small business owners wanting to buy a vehicle, asset or important piece of equipment and immediately write off the cost only have a few days to act this financial year. Ah, deadlines: love ‘em or hate ‘em, they sure do get you moving. And with June 30 just days away, time is running out for […]
Online Marketing Gurus
3 minute Read
First home buyers can now purchase more expensive properties under the federal government’s hugely popular 5% deposit, no LMI scheme. Single parents with dependent children are also welcoming the higher property price caps, which will apply to the federal government’s new Family Home Guarantee scheme, too. The First Home Loan Deposit Scheme (FHLDS) allows eligible first home […]
Online Marketing Gurus
3 minute Read
Home ownership was once again the most discussed matter in real estate last week. Almost two-thirds of Australians don’t think home ownership will be a likely option for young people as prices continue to rise. The use of a guarantor seems to be a more viable option, as discussed in this week's episode of the [...]
Joseph Daoud
3 minute Read
Last week it was mostly good news for homebuyers. Lender 86 400 announced a drop in their rates which coincides with a continuous boom in the property market. Buyers are buying property at record speeds, which is causing FOMO to take over. FOMO seems to be part of the main driving force of the current [...]
Joseph Daoud
3 minute Read
An increasing number of Australians are prioritising larger homes and bigger blocks in their house-hunting endeavours since the pandemic began. But where to look? Well, a new search tool helps you calculate which suburbs offer the best bang for your buck. ‘Give me a home among the gumtrees …’ There’s no denying that COVID-19 has […]
Online Marketing Gurus
3 minute Read
Australian businesses have shifted things up a gear this year, with new asset finance figures revealing a 187% rise in light commercial vehicle purchases since January. The spike in business vehicle financing was driven by sales of all classes of vehicles, no doubt partly due to SMEs making the most of the federal government’s temporary full […]
Joseph Daoud
3 minute Read
Most of Australia may be a seller’s market right now, but there are still a few dozen suburbs around the country where there’s more housing stock available than in previous years. Today we’ll check out which 33 suburbs are still offering plenty of options for buyers. One key factor that’s resulted in the current “seller’s […]
Joseph Daoud
3 minute Read
This week has been an interesting one for the market. While the affordability of housing has once again been put under a microscope, it doesn’t seem to be stopping many people from buying as there has been a record-breaking number of mortgages being taken out by Australians. The cash rate has remained low at 0.10% [...]
Joseph Daoud
3 minute Read
While most Australians dream of owning their own home, the majority of hopeful homeowners admit they don’t fully understand how home loans or mortgage rates work. That’s why we make it our mission to enlighten you during your home buying journey. They say knowledge is power. But this week we stumbled across some interesting stats […]
Joseph Daoud
4 minute Read
This week we saw good news for first home buyers. Apartments have had a decrease in demand as professional investors have begun chasing land with knockdown rebuilds become hot commodities. Property buyers and refinancers also receive great news as one of the lenders on our panel ING have also decreased their home loan rates to [...]
Joseph Daoud
4 minute Read
Keen to buy a vehicle, asset or another vital piece of equipment for your business and immediately write off the cost? Well, you better get cracking, as we’re officially entering end-of-financial-year territory. How time flies. It feels like only yesterday that we were gearing up for the year, and now, it’s all systems go to […]
Joseph Daoud
3 minute Read
Australia’s biggest bank has hiked its three-year fixed rate for owner-occupiers in a further sign that “the tide is turning on interest rates”. So if you’ve been thinking about fixing your interest rate, it could be high time to do so. Now, we’re not normally ones to write articles about the interest rate movements of […]
Joseph Daoud
3 minute Read
Last Week In Review 2 Last week we saw the prices of property continue to rise with the regional areas snatching up most of the headlines. Regional housing has seen prices more than double that of the capital cities over the last 12 months. Prices in the country have risen 13% compared to the cities [...]
Joseph Daoud
2 minute Read
With interest rates at record low levels, we’ve seen a big increase in homeowners wanting to refinance this year. So this week we’ll look at some of ASIC’s top tips for refinancing, plus some of our own for good measure. More and more mortgage holders are looking for a better deal on their home loan. […]
Joseph Daoud
5 minute Read
Last week was overall positive for the housing market. The federal budget saw more winners than losers especially for homeowners. The First Home Super Saver Scheme has been increased from $30,000 to $50,000 and the Family Home Guarantee will allow 10,000 single parents with an annual income below $125,000 to purchase properties with a deposit [...]
Joseph Daoud
3 minute Read
Small businesses in dispute with the ATO over their tax debt will get “a fairer go” under new rules proposed in the federal budget. Meanwhile, one-year extensions have been granted for the full asset write-off and loss carry-back schemes. Let’s break it all down. There’s a lot to digest in this year’s pandemic-recovery federal budget. So […]
Joseph Daoud
4 minute Read
Single parents saving for a property and first home buyers are the big winners from this year’s federal budget. Today we’ll break down the three schemes that will help them crack the property market sooner. In recent months there have been signs that first home buyers are beginning to shy away from the property market, […]
Joseph Daoud
5 minute Read
While it might feel like property prices are skyrocketing out of reach, the majority of Australian homes are actually cheaper to buy than rent over the next decade, according to a new report. The latest REA Insights Buy or Rent 2021 Report reveals it is cheaper to buy than rent around 57% of dwellings across Australia, based […]
Joseph Daoud
4 minute Read
Property prices climbed at a breathtaking pace in early 2021, which has been good news for homeowners and heartbreaking for house hunters. However, there are seven key signs that the pace of capital gains has peaked, says CoreLogic. Now, it’s important to note that CoreLogic is not suggesting that housing values are about to dip. […]
Joseph Daoud
5 minute Read
Businesses across the country are purchasing new equipment and vehicles in record numbers, as companies big and small embrace the strongest market conditions seen in years, according to NAB data. And with the end of the financial year approaching quickly, we’re expecting demand for equipment and vehicles to remain strong, with businesses looking to invest […]
Joseph Daoud
3 minute Read
Tens of thousands of HomeBuilder applicants around the nation can breathe a sigh of relief after the federal government extended the construction commencement requirement from six months to 18 months. It’s fair to say that the success of the HomeBuilder program caught a lot of people off guard and, as a result, contributed to a surge in […]
Joseph Daoud
3 minute Read
You open up the real estate app on your phone, scroll through a few listings, and then there it is: the home of your dreams, ‘added 1 hour ago’. So just how long do you typically have to act in this hot market? Well, let’s just say it definitely helps to have spoken to us […]
Joseph Daoud
3 minute Read
The COVID-19 loan deferral program and credit reporting amnesty is now over, which means banks will report any late repayments on mortgage or small business loans to credit agencies unless you’ve entered into a hardship arrangement. The banks’ mortgage deferral program and subsequent credit score reporting amnesty officially ended on April 1. The package was […]
Joseph Daoud
3 minute Read
House prices could jump 17% in 2021 and mortgage rates are set to rise much sooner than expected, ANZ Bank has tipped. How much earlier than expected? Well, the Reserve Bank has repeatedly said the official cash rate isn’t likely to increase for a few years, but ANZ senior economist Felicity Emmett believes fixed-mortgage rates have already […]
Joseph Daoud
3 minute Read
Floods, fire and pandemic – it’s been an incredibly tough 15 months for many Australian businesses. And with government support about to end, looking after your mental health will be just as important as taking care of your business’s financial health. With the federal government’s COVID-19 JobKeeper wage subsidy scheme expiring on 28 March, experts […]
Joseph Daoud
4 minute Read
The property market is going through a boom phase, which means housing affordability is getting tougher. So how much does the average Australian household need to put towards their monthly home loan repayments in the current market? Let’s take a look. You’ve probably noticed the housing market is going a bit crazy at the moment. […]
Joseph Daoud
2 minute Read
Thinking of building, buying a new home or renovating? The HomeBuilder scheme ends on March 31, which means you’ve got less than two weeks to take advantage of the $15,000 grant. The Australian government scheme, which was initially due to end in December but was extended to 31 March, has led to a big spike […]
Joseph Daoud
3 minute Read
Who would take the reins of your family business if you had to take a step back from it? Turns out just one-in-six businesses have a proper plan in place. But rest assured you can develop your own succession plan fairly painlessly, with the help of a new guide. So … it turns out the […]
Joseph Daoud
3 minute Read
Did you know more than a third of Australian homeowners are considering putting their property up for sale so they can take advantage of the current boom in prices? Here’s how to get your property looking spick and span for prospective buyers. New data shows seller confidence is now higher than it was prior to […]
Joseph Daoud
5 minute Read
It’s official: Australia’s housing market is in the midst of a broad-based boom, with the national home value surging 2.1% higher in February; the largest month-on-month change since 2003. We haven’t seen this kind of fast-paced growth since Guy Sebastian robbed Nollsie to win Australian Idol, Roger Federer won his first of 20 grand slams […]
Joseph Daoud
4 minute Read
Things are starting to look better for small business owners across the country with just 5% of deferred business loans yet to resume repayments. Meanwhile, there are signs that business credit demand is improving, especially when it comes to asset finance. The first bit of data comes from the Australian Banking Association (ABA), which shows just 11,263 […]
Joseph Daoud
3 minute Read
The first home buyer market had a bumper year in 2020 due to modest declines in property prices, reduced investor activity, and a range of government incentives. But with those advantages tailing off, how will first home buyers compete in 2021? Another week, another big bank tipping national property prices are set to boom. This […]
Joseph Daoud
4 minute Read
Australia’s housing market is on the “cusp of a boom”, with house prices set to leap 16% over the next two years, according to the Commonwealth Bank (CBA). The head of economics at Australia’s biggest bank, Gareth Aird, predicts national house prices will surge 9% in 2021 and a further 7% in 2022. Apartment prices […]
Joseph Daoud
4 minute Read
How well placed is your retail business when it comes to its digital transformation? Today we’ll look at some of the ways your competitors might be complementing their bricks and mortar stores with online empires. For some retailers, COVID-19 was the death knell for their business. For others, it gave a much-needed nudge to supplement […]
Joseph Daoud
3 minute Read
Great news just in for first home buyers: the Australian government will reissue 1800 First Home Loan Deposit Scheme (FHLDS) spots from the 2019-20 financial year. The 1800 spots are back up for grabs because people who previously reserved a spot in the Australian government scheme were unable to complete the purchase of their first […]
Joseph Daoud
3 minute Read
After a bumpy 2020, 2021 is already rewriting the record books. From property prices, to interest rates, to refinancing – no matter which way you look records are being broken. Today we’ll look at why property market sentiment is riding so high. How quickly things can turn around. It wasn’t too long ago (9-10 months, […]
Joseph Daoud
4 minute Read
If you’re worried about how to recover from the horror show that was 2020, you’re not alone. Two-thirds of Australian small to medium businesses feel the same way, research shows. As SMEs look towards “COVID-normal” in 2021, many are wondering how they will rebound from the stresses and strains of the past year. In fact, […]
Joseph Daoud
3 minute Read
When coronavirus broke out across Australia, doomsday reports tipped the property market could fall as far as 30% across the country. Fortunately, that wasn’t the case. Here’s how to find out how your suburb actually fared. A realestate.com.au analysis shows that property prices actually grew in most Australian suburbs throughout 2020. Yep, that’s right. Despite […]
Joseph Daoud
3 minute Read
It’s the document that was never meant to see the light of day. But a Freedom of Information request reveals the Reserve Bank of Australia projects a 30% increase in house prices if interest rates remain low for the next few years. The internal, not-meant-for-public-viewing analysis by the RBA looks at the impact of low interest rates […]
Joseph Daoud
3 minute Read
While you were kicking your feet up over the festive season, did you flick open your phone and scroll through real estate listings in your dream location? If so, you might’ve noticed there were fewer properties listed for sale than usual. Here’s why.
Joseph Daoud
3 minute Read
‘Tis the season to be jolly, but it’s important not to get carried away when using ‘buy now, pay later’ providers to fund that festive spirit. That’s because one-in-five users struggle to make their repayments, new research has found.
Joseph Daoud
4 minute Read
First home buyers wanting to crack into the property market can now use an interactive map to see how much their neighbours spent on average for their first home.
Joseph Daoud
3 minute Read
If you didn’t back a winner on Melbourne Cup Day then fret not: the Reserve Bank of Australia (RBA) has delivered mortgage holders a win by cutting the official cash rate by 15 basis points to a new record low of 0.10%.
Joseph Daoud
2 minute Read
Great news for homeowners and prospective buyers: housing affordability is at its best level in a decade and should continue to improve throughout 2021.
Joseph Daoud
4 minute Read
Thousands of families across the country who had been thinking about a new build, or tackling an overdue renovation project, have rolled up their sleeves and committed to it, according to latest ABS data.
Joseph Daoud
3 minute Read
There was one big-ticket initiative in the federal budget that really caught our eye, and that was the turbocharged version of the instant asset write-off scheme. Today we’ll look at how it could improve your business’s cash flow moving forward.
Joseph Daoud
4 minute Read
The First Home Loan Deposit Scheme is back; bigger, better and more buyer-friendly than before. If you’re a first home buyer who missed out on the first two rounds, then here’s how to make it a case of third time’s a charm!
Joseph Daoud
4 minute Read
The majority of property investors are remaining upbeat despite COVID-19, with 67% believing now is a good time to invest in residential property, according to a new survey.
Joseph Daoud
3 minute Read
Strap yourself in: Australian house prices are tipped to experience a mild COVID-19 dip before surging 15% over the following two years, according to some of the nation’s top economists.
Joseph Daoud
3 minute Read
Like most sequels, JobKeeper 2.0 won’t be as big a blockbuster as the original. But that’s not to say it won’t help many SMEs navigate the difficult times ahead. Today we’ll cover what you need to know about making the transition for your business.
Joseph Daoud
3 minute Read
You might have heard that the federal government will give eligible Australians $25,000 to build or substantially renovate homes as part of the new HomeBuilder scheme. Today we’ll look at who exactly can qualify for the initiative.
Joseph Daoud
4 minute Read
HomeBuilder Scheme Download Our Home Builder E-Book Here Australian homeowners will be offered grants of around $25,000 to build new, purchase new or renovate their existing homes as part of the HomeBuilder Scheme as announced by the Federal government last week. The scheme was developed to protect the residential construction industry, particularly tradies’ jobs, in […]
Joseph Daoud
3 minute Read
Over the last 12 weeks, COVID-19 has made our world a very different place.
Joseph Daoud
4 minute Read
How are you settling into the ‘new normal’, or new normal for now at least?
Joseph Daoud
4 minute Read
How are you settling into the ‘new normal’, or new normal for now at least?
Joseph Daoud
2 minute Read
What is the first home owner grant? Buying your own home has long been the Aussie dream, but it’s a dream that comes with a large price tag. Fortunately, the First Home Owner Grant (FHOG) exists to make the home ownership dream that much more attainable for eligible first home buyers by providing them with […]
Joseph Daoud
4 minute Read
What is Lenders Mortgage Insurance? Acquiring a home requires a rather large sum of money that most people are simply unable to accumulate. This is where mortgages come into play. You take out a mortgage against the house you’re purchasing and pay the lender back over some time — generally 20-30 years. But lenders aren’t […]
Joseph Daoud
3 minute Read
The Highs and Lows of Investing in Property For a long time, investing in property has been portrayed as a great way to build wealth. Whether it’s through huge capital gains from flipping houses or earning passive income by renting them out, in reality, there is much more to it than this. Rental Income and […]
Joseph Daoud
3 minute Read
Saving for Your First Home Buying a home is one of life’s huge milestones, but it’s no easy feat to achieve. Houses are expensive, and while the mortgage covers the bulk of the price, you still need to save a rather large deposit to get your foot in the door. How much do I need […]
Joseph Daoud
3 minute Read
The Pros and Cons of Having a Guarantor The Australian dream of owning your own home is significantly harder to achieve than it was just a couple of decades ago. But the answer isn’t necessarily to work harder and save more for a deposit––a guarantor can help realise the dream of homeownership. What is a […]
Joseph Daoud
3 minute Read
Refinancing your home loan As a consumer, you are spoiled for choice when it comes to home loans. For financial institutions to stay competitive, new products are being updated constantly, which means you, as the borrower, have the power to access lower fees, better interest rates or the best features for your circumstances. Reasons [...]
Joseph Daoud
4 minute Read
Investing with the Use of Equity It is a common misconception that your mortgage needs to be paid off before you can purchase an investment property. This is simply not true. With the use of your home equity, you could be well on the way towards building your property portfolio. What is equity? Equity is […]
Joseph Daoud
3 minute Read
How Often Should You Refinance Your Home Loan? With most home loans spanning 25-30 years, it would be such a huge commitment to see out the duration of your original mortgage. The good thing is you have the freedom to refinance to a cheaper or more flexible product whenever you like. There are no set […]
Joseph Daoud
3 minute Read
Credit Card Pros and Cons Credit cards can be a really useful tool for managing cash flow. Each purchase you make with a credit card is made with money you have borrowed; essentially, each purchase is a loan that needs to be repaid at a later date. Interest is charged on the credit card balance […]
Joseph Daoud
3 minute Read
Choosing Between Fixed and Variable Rate Home Loans What is the difference between fixed and variable? A fixed-rate loan stays constant at an agreed-upon rate for a predetermined period, usually, 1-5 years, after which another fixed-rate can be agreed upon or, the rate will revert to the standard variable rate. Because the rate is fixed, […]
Joseph Daoud
3 minute Read
