3 minute Read
3 minute Read
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 the wake of the COVID-19 pandemic. The scheme represents a significant opportunity for first home buyers and existing owner occupiers, but eligibility criteria and value thresholds do apply, so we’ll keep it Simple.
What you need to know:
Finer details:
As digital and mobile brokers, if you’re looking to purchase your first home, or you finally think you might be ready to make substantial home improvements, we’ll take the pain away from arranging finance. Later this week, we’re releasing our updated eBook with real life examples as to how you might access HomeBuilder as a first home buyer or using equity in your existing home. Stay tuned to our channels to find out more.
Considering the recent interest rate hikes, more than ever, it’s important to consider all options to avoid paying more on your mortgage. Following the RBA’s 50-basis-point hike in the cash rate on 7 June 2022, it is no surprise that many banks increased their rates as well. Australia’s big four already announced that they would […]
Joseph Daoud
5 minute Read
The Reserve Bank of Australia’s highest single-raise cash rate in 22 years leaves everyone thinking, ‘How can I handle this?’ In a statement made by RBA governor, Philip Lowe, the Board decided to increase the interest rate by 50 basis points leading to the cash rate of 0.85%. So, where does this leave you? Here’s […]
Joseph Daoud
6 minute Read
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