News

The first home owners grant (FHOG) is set for some changes in the new financial year. As of July 1st 2013 the current $7000 grant will be lifted to $10000. But there’s a catch. You must be purchasing a new home, or a home off the plan.

Planning Minister Matthew Guy began implementing the new planning zones for Victorian Councils this week.

After last month’s surprise cut in interest rates of quarter of a percent, the reserve bank has kept them steady this time around.

While most people focus solely or predominantly on rates and fees when deciding on the appropriate loan, there are many other factors that should be considered and too often aren’t. For more sophisticated investors, including those with several properties, high income borrowers and those investing in commercial properties, this is even more so. Below are some of the more important factors in choosing a loan that are often ignored at the detriment of the borrower:

The Real Estate Institute of New South Wales (REINSW) is calling on the state government to reinstate first homebuyer incentives following a decrease in the number of first homebuyer sales.