If you recently got married or are getting married soon, congratulations! What an exciting time for you and your partner.
Married life is not just a new chapter in your everyday life, it is also a new chapter in your financial life. Thinking about money and finances amidst the excitement of getting married may not be as fun and glamorous, but it is important to consider the financial opportunities and challenges that come with marriage.
Here are some suggestions for getting your finances in order when you’re engaged or a newlywed:
Talking about these matters with your significant other and making decisions even before getting married or early on in the marriage can help prevent unexpected situations in the future. As your broker, I am here to help you to get your finances in order and make informed decisions.
Money doesn’t buy happiness, but having sound financial habits and plans in place can contribute to living happily ever after.
Get in touch today and we can work through it together
During these uncertain times, you might have questions concerning your property investment(s) and your goals. We are always here to help you navigate your options and present opportunities during this time.
Like many, plans to grow or improve the value of your property portfolio this year may be put on hold. You might want to consider ways to secure a more competitive interest rate or a loan with features that can improve your interest savings or cash-flow, like offset accounts and redraw facilities.
Loan refinancing is a strategy used by property investors to access funds – the right time to do it largely depends on your strategy, plans and equity.
Here are some key considerations:
We can work with you to ensure you have all the information you need to make a fully informed decision. If the time is right for you to take the next step in your investment journey, get in touch today and we’ll help you find the right refinance option to help you achieve your goals.
Amid all the recent change it is hard to believe that tax time is approaching again! Was that a groan? We understand and we can help. If you’re like most property investors, trawling through receipt upon receipt to tally up your allowable deductions is probably not your idea of fun. So, as tax time looms we wanted to share our pre-tax time checklist to make things just a bit easier for you.
We can help you determine if you can access your equity to renovate, or perhaps expand your investment portfolio if you’re in a position to do so. Remember, asking us to give you a free property investment loan health check could potentially save you money, so it’s worth giving us a call.
If you have any questions about the pre-tax time checklist or would like us to assess your situation, please contact us – we are here to help.
Click here for information about ATO measures and tailored support during COVID-19.
Good news if you are wanting to build a new home or renovate an existing one! The Australian government has just announced a HomeBuilder scheme that will provide eligible owner-occupiers (including first home buyers) with a tax-free grant of $25,000.
To access this grant, owner-occupiers need to meet the following criteria:
- $200,000 p.a. for a couple based on both 2018-19 tax returns or later
To find out more, visit the Australian Government website: Click here
With interest rates at an all-time low, now is the perfect time to take advantage of this opportunity. Get in touch with me today to discuss your eligibility and I can help you with a competitive home loan.
Winter has arrived quickly and we’re hoping you’re well and keeping warm. Recently the property market slowed down considerably with the COVID-19 pandemic having a huge impact. Find out more about home value movements in each state below.Interest rate news
The Reserve Bank of Australia (RBA) announced it has decided to keep the official cash rate unchanged at 0.25% at its meeting on the 2nd June.
According to the RBA, the pace of recovery for the quarter beyond June is uncertain. The outlook will depend on the extent to which the market continues to be affected by social distancing and other containment restrictions. RBA governor Philip Lowe said in the previous meeting that the Board will not increase the cash rate until progress is being made towards full employment and inflation is sustainably within the 2-3 per cent target band.
Interest rates remain low for some time and there are plenty of competitive home and property investment loans available. Talk to us to make sure you’re getting the right deal for you.
Home value movements
We have seen a reduction in home values in May as the market activity showed more positive signs. The Home Value Index report from CoreLogic shows that the estimate of sales activity bounced back by 18.5% in May after a drop of 33% in April. CoreLogic head of research, Tim Lawless, said “Considering the weak economic conditions associated with the pandemic, a fall of less than half a percent in housing values over the month shows the market has remained resilient to a material correction. With restrictive policies being progressively lifted or relaxed, the downwards trajectory of housing values could be milder than first expected.”
Melbourne’s housing market has posted the largest fall over the month, down at -0.9% May. Home values were also down in Sydney (-0.42%), Brisbane (-0.08), Perth (-0.56%) and Darwin (-1.59%), but rose in Canberra (+0.55%), Hobart (+0.77%) and Adelaide (+0.45%).
EOFY: Why property investors love tax time
It’s tax time and if you are a property investor, is a great time to maximise your tax benefits this financial year.
Take control of your budget
Getting your budget under control and your finances in order is absolutely essential for anyone looking to apply for a home loan. Here’s a few things to consider to get financially fit in the new financial year.
Keep your indoor plants happy this winter
During winter, your indoor plants are going to have a harder time staying healthy and will require a little extra care. Read more for our top tips to help them thrive during the cooler months.
The benefits of refinancing your mortgage can vary depending on your situation and financial goals. But generally, refinancing opens doors to many opportunities, such as:
Is refinancing right for you? I can help you make an informed decision by helping you to set goals and review loan options that align to your needs.
Aside from having access to various loans from Australia’s leading lenders, I have access to a range of exclusive, flexible, and competitive loan solutions. Through this, I can work with you to find a loan tailored to your circumstance.
To learn more about refinancing, get in touch with us today!
Buying your first home is an exciting time! As your broker, I am here to help you every step of the way. Did you know that the Australian Government has two new initiatives that support first home buyers? These are the First Home Loan Deposit Scheme (FHLDS) and the First Home Super Saver (FHSS) scheme.
First Home Loan Deposit Scheme (FHLDS)
What is it? FHLDS helps first home buyers purchase a home sooner by providing a guarantee allowing those on low and middle incomes to buy a house with as little as 5% deposit (lender’s criteria apply).
Who is eligible? Singles and couples that meet the following key checks: an income test, a prior property owner test, a minimum age test, a deposit requirement, and an owner-occupier requirement. Get in touch soon so we can check if you meet the criteria.
First Home Super Saver (FHSS) Scheme
What is it? FHSS allows you to make voluntary before-tax and after-tax contributions into your super fund to save for your first home. Eligible candidates can then access these contributions and associated earnings to buy their first home. As of July 2019, there have been changes to the scheme, including only applying to buy your first home in Australia, compared to the previous version that applies to any location.
Who is eligible? First home buyers who live in the premises they are buying or intend to live there as soon as practicable; and who intend to live in the property for at least six months within the first 12 months they own it. The buyer also must have never owned a property in Australia and have not previously requested a FHSS release authority.
Get in touch today to learn more about these schemes and explore opportunities suitable for you. I can provide details on how each scheme works, the ins and outs, and the pros and cons that apply to your current situation.
Contact us today check your eligibility.
During these times of uncertainty, we understand there could be challenging periods ahead due to COVID-19 and want to reassure you that we are here to help.
Welcome to our December Newsletter
Record low interest rates and values on the rise. It could be the perfect time to strike while the iron is hot! Find out what’s happening in the property market near you.
4 traps to look out for as a first home buyer
Excited to buy your first home?
Watch out for these traps for new players, and how you can avoid them.
Looking for an investment apartment?
Tips for finding the right one
Purchasing an investment apartment is often a great entry point into the
property investment scene. Here are our tips for finding the right one
for you and your investment plans.
How to drive a hard bargain at the
End of Year car sales
End of Year car sales are here! Thinking about upgrading to a new car
before the year’s out? Here’s how you can drive a hard bargain at EOY car sales
Spring has arrived and we are supercharged for a bumper season in the property world. Dwelling values have been creeping up in many markets and auction clearance rates have been higher recently too. Interest rate reductions and changed lending rules have fuelled increased buyer activity, though stock volumes remain low. Overall, the housing recovery looks set to continue.
Interest rate news
At its September meeting, the Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 1% pa. The move follows rate cuts in June and July.
While this month’s decision was widely anticipated, economists say there could be more cuts by the end of the year, potentially starting in October. Recently we’ve seen some lenders slash fixed interest rates on both owner-occupier and investor loans.
Given rates are on the move, now is the time to review your finance. It may even be worth considering fixing your home loan – speak to us about your options!
Home value movements
Property prices are continuing to rise, up 1.03% across the combined 5 capital cities in August. Prices in Sydney and Melbourne continue to trend higher. Sydney recorded a month-on-month change of 1.57%, while Melbourne’s property values grew by 1.40%. In Canberra, prices increased by 0.79%, while in Hobart they rose by 0.51%. Brisbane saw modest growth (0.2%), while Perth and Adelaide experienced falls of 0.51% and 0.24% respectively.
In recent weeks, we’ve seen auction clearance rates soar in many markets. In fact, auctions across Australia’s capital cities reached a two-year high in August.
Property market activity
Ready for a spring property purchase?
If you’re considering buying this spring, speak to us about organising your finance. Given that stock volumes are low, there’s bound to be strong competition amongst buyers, but having pre-approval in place may give you a competitive edge. Get in touch today so we can get it sorted!
4 habits of successful property investors
What sets the successful property investor apart from the mediocre one?
Here are the habits often employed by smart investors.
Riding the rollercoaster: 6 feelings you’re likely to experience as a first-time buyer
Planning to buy your first home this spring?
Here are some of the emotions you may experience as part of the process.