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The Plan? Subletting 101

The Plan? Subletting 101

Subletting 101       Subletting is when a tenant rents out a room or space in their property to someone who isn't on the lease. While it's not illegal to sublet in Australia, the tenant must get written permission from the property owner. Permission is required because whe...

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Fixed Vs. Variable

Fixed Vs. Variable

Fixed Vs. Variable “Should I fix my loan?” is probably the most common question after a loan has been approved! The answer really DEPENDS ON YOUR FINANCIAL SITUATION! Firstly, let’s breakdown the difference between the two. Variable interest rates can go up or down as the ...

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What’s this noise about NO STAMP DUTY?

What’s this noise about NO STAMP DUTY?

Under the new model proposed by the state budget, Stamp Duty COULD be abolished for thousands of prospective home buyers in NSW. At present, Stamp duty is a onetime government tax on property purchases and one of the biggest hurdles in securing a property! IF you’re upgrading and/or down...

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COMPARISON RATE WARNING

COMPARISON RATE WARNING

Ever since the rate dropped, you may have seen a lot of Bank ads with a rate of 1.99% and a comparison rate of 3.28%, And Wondered, how does that work? Am I paying 3.28%? What rate am I exactly paying? Let start by defining what a Comparison Rate is. A Comparison rate is designed to outline t...

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Responsible Lending or Restricted Lending?

Responsible Lending or Restricted Lending?

Simplifying access to Credit for Consumers and SME business is on of the Morrison Government’s economic recovery plan. Whilst we welcome the idea of being able to borrow more with less “Process” It’s probably worth shedding some light on what Responsible Lending is. Re...

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Recession, Spring and COVID-19

Recession, Spring and COVID-19

RECESSION, SPRING & COVID-19 “What is a recession? And how will this affect me and buying a property?” What is a recession? The definition of a "recession" is two consecutive quarters of negative GDP (Gross Domestic Product) growth. In other words, the economy hasn’...

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Refinancing or Getting a New Home loan During COVID-19

Refinancing or Getting a New Home loan During COVID-19

The biggest question I get is – "Why Get a Home loan During COVID-19?" My Biggest answer is "Why Not? " At this stage, even though we're in a pandemic there are a lot of government incentives for first home buyers, from the First Home Loan Deposit Scheme to the Stamp duty waiver on New Ho...

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