The COVID-19 loan deferral program and credit reporting amnesty is now over, which means banks will report any late repayments on mortgage or small business loans to credit agencies unless you’ve entered into a hardship arrangement.
How do you compare: how much of your pay goes to your mortgage?
The property market is going through a boom phase, which means housing affordability is getting tougher. So how much does the average Australian household need to put towards their monthly home loan repayments in the current market? Let’s take a look.
Freedom to move: stamp duty reforms gain momentum
Stamp duty: two of the most dreaded words in the world of property and finance. Fortunately, NSW and Victoria have unveiled some big changes to the inefficient tax, and there’s hope it’ll inspire other states to review their own stamp duty arrangements.
HomeBuilder sparks surge in home loans, new builds and renos
Thousands of families across the country who had been thinking about a new build, or tackling an overdue renovation project, have rolled up their sleeves and committed to it, according to latest ABS data.
Introducing new Bondi Broker team members
Due to an expansion of the business during the past year, we are excited to announce that two new employees have joined the team to provide greater support to both our new and current clients.
Applications now open for $25,000 HomeBuilder grant in all states
It’s been over two months since HomeBuilder was first announced, and I’m sure many of us spent a bit of that time dreaming about an extra $25,000 to spend on a reno or new home. The good news is grant applications are now officially open.
How to avoid underinsuring your home
With Australia currently enduring its worst bushfire season on record, we all want to do our little bit to help out, so today we thought we’d discuss the important topic of underinsurance.
Season’s Greetings! Here’s to a prosperous 2020!
With 2019 drawing to a close, we hope you’re shifting into holiday mode and getting ready to relax and unwind (or, at least, looking forward to a few public holidays!).
The ‘Airbnb of pools’ splashes into Australia
Got a pool you’re constantly scooping leaves out of but never use? Or perhaps you’re looking to cool off this summer in the privacy of someone else’s backyard. Well, a new pool-sharing app has just launched in Australia.
The Difference Between a Credit Score and Credit Report
If you’ve applied for or used credit, then you are likely to have a credit report and a credit score, referred to as your credit profile. It’s a way for Australian credit providers, such as banks and credit card companies, to help work out how likely it is you’ll be able to repay a loan.