Tag: Mortgage Broker
-
Annandale – NSW
Annandale is about 1.5 square kilometres in size, a small family friendly suburb situated in the inner-west precinct. Its nine parks take up almost 6% of the total land area, with a portion of the north backing onto the Rozelle Bay. In 2011, 8,668 people lived in Annandale. In 2016, there were 9,456 people living…
-
How to purchase a property as an Australia expat in 2023
As we head into the new year of 2023 many Australian expats have the goal of purchasing a property back in Australia, either as an investment property or as a future principal place of residence or owner occupied property. In 2022 we saw an increase in the central cash rate from 0.10% to 3.10% by…
-
What does my mortgage have to do with a HELP debt?
This article will explain what the HELP programme is and how the amount you owe and how much you pay back affect your take-home pay and your ability to get a new mortgage. What is the Higher Education Loan Program (HELP)? The HELP programme is a loan programme run by the federal government to help students pay…
-
Queensland Land tax and interstate property changes
Effective June 30, 2023, the Queensland government is changing the calculation method for how they levy land tax on the value of Australian land. Simply put, this is a tax grab by the Queensland Government. I am sure they will dress this up on how the additional revenue will assist Queensland residents, but this is a lazy…
-
RBA July 2022 Cash Rate Decision
The RBA concluded their July meeting and increased the central cash rate by 50 basis points, to 1.35 per cent. This is on the back of their June meeting increasing by 50 basis points. As always, the key theme from the RBA is around inflation and employment. The employment data is strong with a 3.9% unemployment rate…
-
RBA June 2022 Cash Rate Decision
The RBA concluded their June meeting and have increased the central cash rate by 50 basis points to 85 basis points. This is on the back of their May meeting of increasing by 25 basis points. First increase in 10 and ½ years and now back to back increases. It certainly looks like the RBA…
-
5 Tips for US Expats Applying for a Mortgage in the US
Work with a mortgage advisor who has experience funding loans for expats. Preferably a lender who is able to do the program in-house with their underwriting/funding team. Conventional FHFA guidelines do allow for qualified foreign income that is recorded on your US taxes but some companies/banks have ‘overlays’ that don’t allow them to use foreign…
-
Getting an Australian mortgage whilst living overseas during COVID
This article will explore how you can apply for an Australian mortgage whilst overseas. The COVID pandemic has severely impacted many Australian expats living overseas, since the spread of the virus in January 2020. The impact for many Australian expats, has resulted in job loss, reduction or loss of business income and a reduced in…
-
RBA Cash Rate Decision November 2020
RBA November board has met on Melbourne Cup day. Tuesday the 3rd of November 2020 for their cash rate decision. The RBA board decided to reduce the cash rate to a historical low of 0.10 points. The board also has set a 3-year cash rate and yield target of 10 basis points. Representing a record…
-
RBA Cash Rate August 2020
RBA board has met on Tuesday the 4th of August 2020 for their cash rate decision. The RBA board decided to leave the cash rate at 25pts. The board also has set a 3-year cash rate and yield target of 25 basis points. Representing a record low RBA cash rate. Australian Economy The global economy…