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 access to $5,000 – $10,000 and individuals who can prove they have lost money during lockdown can receive up to $500.
In lighter news, new spots for the First Home Loan Deposit Schemes are available now! If you are eligible, sign up now as there are only 10,000 spots available each year. However, keep in mind that some of the optimism in the property market from recent months is beginning to die down as people are worried about prices, once again, being too high. But not it’s not all bad, more and more people are moving to regional areas, where prices are far more manageable.
Buying a property without a deposit (Pt. 2) – Equity Cash-Out vs Cross-Collateralisation – The Property Buyble
Our very own, Joseph Daoud (Lending Specialist), joins the Property Buyble to revisit ways of buying property without a deposit. They explain how to use equity cash out and cross-collateralisation as tools to purchase that next property (without saving dollar for dollar in your bank account)!
It’s On! First Home Loan Deposit Schemes Open For Applications – It’s Simple Finance
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. In total, there are three federal government schemes that each released a fresh round of 10,000 spots on July 1. If you’re unsure what this means, we explain these schemes in detail on our site.
NSW government announces relief package for small businesses hit hard by COVID-19 lockdown – ABC News
Businesses hit hard by the recent lockdown in Sydney will be able to receive a package of between $5,000 and $10,000. Also available are payroll tax deferrals for all employers. The Dine and Discover vouchers have also been extended until the end of August. Hotels and clubs have an optional deferral of gaming machine taxes.
NSW residents in Greater Sydney now eligible for the COVID-19 Disaster Payment – news.com.au
NSW residents in Greater Sydney, Blue Mountains, Central Coast, and Wollongong are now eligible for a one-off lump sum of up to $500 to relieve some of the pressure from lockdown. You will need to be over 17 years old, have proof that you have lost income on or after eight days of lockdown, and you can’t have more than $10,000 in liquid assets. This package is primarily assisting casual workers.
