When we hear the quarterly profit results from the major banks, we can’t help but think “I must be getting ripped off!”. If you’re one of these people, then you’re probably right, and the banks do make a significant amount of their profit from “lazy loans”.
Our first urge is to call the bank and

 
First-home buyers will now be able to choose between paying stamp duty upfront, or via an ongoing land tax, commencing January 16th of next year.
How does it work?
Currently, first-home buyers in NSW are able to purchase a property for up to $650k without being required to pay stamp duty, with a stamp

You’ve probably heard rumblings in the media that Queensland passed a new tax law (which takes effect from June 2023) that allows the government to use the total value of the investor’s land holdings, including interstate, in calculating land tax on the Queensland component of the investor’s portfolio.
These new land taxes are in addition

Should you sell now or wait for Spring?
While the media is making a noise about the property prices falling in Sydney and Melbourne, some sellers are holding onto hope that the traditional time of selling in Spring may fetch them a better deal.
The sentiment out there is that it’s better to sell now

We are seeing signs of house price growth easing in the Sydney and Melbourne market, and the property market correcting to a more “normal market”, which is welcome news to buyers.
FOMO has disappeared in the Sydney and Melbourne markets, with more properties coming into the market since the end of last year’s lockdowns.  More

As you can imagine, we get this question a lot, and with good reason! With fixed rates the lowest we’ve ever seen, most of our clients chose a fixed rate, and are now facing much higher rates when the term expires.
At Peasy, it’s part of our process to try and

As rates rise, many homeowners are facing the prospect of paying more than 2.5% higher on their mortgage than what might have been only a matter of 6 months ago.
In terms of how this translates to mortgage repayments, it’s a nearly $1k per month increase on an $800k loan over a 30-year loan term.

We’ve just witnessed the Reserve Bank of Australia deliver an unprecedented fourth double interest rate increase in a row, and the uncertainty around how much higher rates have yet to go, is driving greater caution and uncertainty.
With consumer sentiment and confidence waning, we are seeing a direct impact on the property market with buyers

Buying your first home will likely be the biggest financial commitment you’ll make in a lifetime, so it pays to be aware of any help that is available to take the edge off.  At the same time, it pays to know what the big picture looks like if you choose to take up the help.

I can think of many catchphrases to describe how people are generally feeling about the Coalition’s announcement of their housing policy.
 
As you heard earlier in the week, Scott Morrison announced a “controversial” policy that would allow first home buyers to withdraw up to 40 percent of their super funds, up to a maximum