The Reserve Bank has left the office interest rate on hold at the historic low of 0.25%. This now marks the seventh month in a row without a change! This decision means that the interest rate on loans remains stable assisting households and businesses.
Local Councils use The Valuer General land value to distribute rates across their local government areas. The Valuer General does not set rate fees for councils. Changes to land value may not necessarily lead to changes to local council rates. Local Councils choose a combination of rate charges and fees for it’s area and community…
Land Value and Rates Read More »
The introduction of legislation giving effect to the Commonwealth Government’s deposit gap scheme is the first step in easing the pathway to home ownership. The scheme – promised on the eve of the federal election – helps reduce barriers to home ownership by closing deposit savings requirement and effectively reducing mortgage insurance costs. We welcome…
Deposit gap scheme opens the door to home ownership: UDIA’s Connie Kirk Read More »
In our Yeramba posts we look for insight to help in the quest for the perfect home, the best location for land, or tips to navigate the journey to purchase in the lovely Central Coast, Lake Macquarie or the Hunter regions. But today I found a great story from Michael Yardney, so worth sharing as…
Right now is the Good Old Days Read More »
Tighter lending standards introduced after the Royal Commission have put banks under the spotlight. This, as well as efforts by the Australian Prudential Regulation Authority (APRA) to slow growth to investment lending, have made it difficult for borrowers to get a home loan. This crackdown is in place to reduce the likelihood of customers defaulting…
Non Bank Lenders emerging to help new home owners Read More »
Do you want to have greater input into the design of your home? Then building a new home – one that will suit the needs of you and your family – is the way to go! However, before you start drafting up plans, you’ll need some dirt to put it on. It’s time to buy…
Time to buy a new block of land Read More »
House prices may be high, but the combination of lower home prices, improvements in wage growth and lower interest rates have contributed to the ongoing improvement in the HIA Affordability Index for the June 2019 quarter. HIA’s Affordability Index is calculated for each of the eight capital cities and regional areas on a quarterly basis…
Housing affordability is the best it’s been in 20 years according to the HIA Read More »
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All Rights Reserved
Website by Oddball Marketing
