Everything you need to know about personal loans

Personal loans You take out personal loans for any number of reasons. Some of the most common include: buying a car, going on a holiday, doing a renovation, and to consolidate multiple debts into a single loan to make your repayments easier to manage. Personal loan terms usually range from one to seven years. Interest […]

What you need to know about construction loans

Construction loans Construction loans are necessary when you want to build a new home rather than buy an established place. This type of loan differs from a standard home loan in a couple of ways. You need more documentation to apply for a construction loan. The two-step financing process. We’ll now look at both of […]

How COVID-19 has changed Australia’s lending market

How COVID-19 has changed Australia’s lending market

COVID-19 has affected our lending markets, as well as our daily lives and the economy. Here’s how. Interest rates Cutting the interest rate was one of the first things the Reserve Bank did back in early March when the coronavirus threat to Australia became apparent. Our interest rates were already at record lows. Home loans […]

Government HomeBuilder Scheme

Government HomeBuilder Scheme

What is the HomeBuilder Scheme? Last week, Prime Minister Scott Morrison announced HomeBuilder Scheme. It’s a $25,000 tax-free grant that is designed to help eligible people to: build a new home, or to renovate their existing home. The HomeBuilder grants are available between now and December 31, 2020. It’s a move to try and rebuild […]

First Home Loan Deposit Scheme

First Home Loan Deposit Scheme

Heard about the First Home Loan Deposit Scheme and wondering what it is? Buying your first home is an exciting time. It’s important to access all of your entitlements so that you can buy your home sooner. One of those is the federal government’s First Home Loan Deposit Scheme. What is the First Home Loan […]

Instant Asset Write Off

Instant Asset Write Off

The Instant Asset Write Off scheme has been enhanced! The federal government has announced a number of measures to help businesses to survive the strict coronavirus restrictions. Two of them are: a massive increase to the instant asset write-off scheme this financial year, and accelerated tax deductions for depreciation for the next two financial years. […]

Sort Out Your Finances

Sort Out Your Finances

Is now a good time to refinance your home loan? The strict coronavirus restrictions have changed the way we all live and work both at the moment, and the economic fallout is likely to continue long after the public health issue has subsided. Interest rates in Australia are also at record lows. All of these […]

COVID-19 Lender Financial Hardship Details.

COVID-19 Lender Financial Hardship Details.

COVID-19 Lender Financial Hardship Details. Lenders Contact Details Adelaide Bank 1300 650 259 AFM now Lendi 1300 323 181 AMP 13 30 30 ANZ 1800 252 845 Bank Australia 132 888 BankFirst 1300 654 822 Bank of China 1800 095 566 Bank of Melbourne 1300 630 266 BOQ 1300 55 72 72 Bank of Sydney […]

Options For First Home Buyers With Less Than 20% Deposit

Options For First Home Buyers With Less Than 20% Deposit

Options For First Home Buyers With Less Than 20% Deposit Most lenders require a 20% deposit otherwise you will need to pay lenders mortgage insurance (LMI). LMI can be very expensive and it only protects the bank, not you (no surprises there). It basically protects the bank from any shortfalls if they needed to sell […]