100-101a Lipson Street Port Adelaide SA 5015

100-101a Lipson Street, Port Adelaide Sa 5015

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Australian housing wealth increase expected to continue in 2022

The Australian Bureau of Statistics (ABS) data showed that the total value of Australia’s housing hit an all-time high of $9.26 trillion in 2021
The Australian Bureau of Statistics (ABS) data showed that the total value of Australia’s housing hit an all-time high of $9.26 trillion in 2021
New Home Guarantee -Tuesday, 14 December 2021

New Home Guarantee

Eligible first home buyers can apply for a loan to either build or purchase an eligible property through a participating lender, up until 30 June 2022.  
Eligible first home buyers can apply for a loan to either build or purchase an eligible property through a participating lender, up until 30 June 2022.

Reserve Bank keeps unprecedented low cash rate

The Reserve Bank of Australia will keep its unprecedented low cash rate on hold but could move sooner than 2024
The Reserve Bank of Australia will keep its unprecedented low cash rate on hold but could move sooner than 2024

APRA increases banks’ loan serviceability expectations to counter rising risks in home lending

The Australian Prudential Regulation Authority (APRA) told banks to increase the minimum interest rate they use when assessing a new borrower’s ability to meet their loan repayments. The new interest rate is at least 3.0 percent above the usual loan rate. This means that some future applicants will borrow less money. APRA’s objective is to ensure that mortgage lending is conducted on a prudent basis, and that borrowers are well-equipped to service their debts under a range of scenarios.  
The Australian Prudential Regulation Authority (APRA) told banks to increase the minimum interest rate they use when assessing a new borrower’s ability to meet their loan repayments. The new interest rate is at least 3.0 percent above the usual loan rate. This means that some future applicants will borrow less money. APRA’s objective is to ensure that mortgage lending is conducted on a prudent basis, and that borrowers are well-equipped to service their debts under a range of scenarios.
Reopening NSW -Friday, 8 October 2021

Reopening NSW

The NSW Govt has announced changes to the road map this week, which means that if you’re fully vaccinated or have a medical exemption, you can do even more from Monday 11 October.
The NSW Govt has announced changes to the road map this week, which means that if you’re fully vaccinated or have a medical exemption, you can do even more from Monday 11 October.

60 day freeze on evictions ends 11 September 2021

Eligible residential tenants impacted by COVID-19 who can’t meet their residential rent payments are protected from eviction until 11 September 2021. After September 11, landlords can take termination action for rent arrears if their tenant have not entered into an agreement with them to vary their rent.
Eligible residential tenants impacted by COVID-19 who can’t meet their residential rent payments are protected from eviction until 11 September 2021. After September 11, landlords can take termination action for rent arrears if their tenant have not entered into an agreement with them to vary their rent.

Tenants and landlords in Sydney get financial support extension

As the lockdown continues across Sydney, landlords are able to access support for rent reductions granted to their tenants over the two months from July 14. The financial support by the NSW government is capped at the amount of rent reduction that is passed onto their tenants, or $3000, whichever is lower.
As the lockdown continues across Sydney, landlords are able to access support for rent reductions granted to their tenants over the two months from July 14. The financial support by the NSW government is capped at the amount of rent reduction that is passed onto their tenants, or $3000, whichever is lower.

New restrictions are now in place for all of NSW

The whole of NSW is now under "stay at home" orders. You must stay at home unless you have a reasonable excuse to leave. You cannot have visitors to your home, including family and friends. Please follow the rules and stay at home. NSW has had a significant increase in COVID-19 community transmissions!
The whole of NSW is now under "stay at home" orders. You must stay at home unless you have a reasonable excuse to leave. You cannot have visitors to your home, including family and friends. Please follow the rules and stay at home. NSW has had a significant increase in COVID-19 community transmissions!

RBA optimistic on a rebound after lockdown

Covid-19 across the country is causing concern. Almost 16 million Australians were in lockdown recently, which suggested possible economic consequences, yet house prices around Australia have continued to increase.
Covid-19 across the country is causing concern. Almost 16 million Australians were in lockdown recently, which suggested possible economic consequences, yet house prices around Australia have continued to increase.
Brisbane to host 2032 Olympics! -Saturday, 7 August 2021

Brisbane to host 2032 Olympics!

Brisbane won the bid to host the 2032 Olympics, which should give home buyers and investors some strong property gains.
Brisbane won the bid to host the 2032 Olympics, which should give home buyers and investors some strong property gains.