Swampy's Administration Service

17/03/2023

Want to know what's really been happening in the Property Markets lately? Then just follow this link:

The PropTrack Home Price Index for February 2023^ shows home prices in Brisbane recorded a very slight uptick (+0.02%) in January, with a further increase in February of 0.12%. Conditions in Brisbane quickly shifted last year due to the substantial tightening in interest rates, and prices are now 3....

02/03/2023

In case anyone is interested...

I have a quick flyer explaining the Government's proposed changes to the taxation of Super I can PM to you as required.

Don't worry, I am trying to upload it, but having trouble with PDFs.

22/11/2022

As a parent, I often wonder how our kids will ever be able to save for their first home without the bank of mum and dad. It seems like the Federal Budget for 2022 might be on the right track and here are a few options for them.

1. Help to Buy - Reduced Loan Amount
2. First Home Owners Grant - Cash Grant
3. First Home Super Saver Scheme - Save to Super for Deposit
4. First Home Guarantee - No Lenders Mortgage Insurance
5. Regional First Home Buyers Guarantee - Regional Retention
6. Family Home Guarantee - Single Parents with children

After wading through all the options, it seems the best product available for young single adults is the Help to Buy interest-free financing option of up to 40% of the total value of the property.
To put it another way, if a single person is making under $90,000 a year, they can purchase a $500,000 home with a mortgage as low as $290,000 with a 2% deposit. No more bank of mum and dad. What a great initiative.

Use the below link and follow the eligibility tool:

https://www.nhfic.gov.au/what-we-do/support-to-buy-a-home/first-home-guarantee/

26/10/2022

A simple breakdown of how the Federal Budget may affect you, or others.

Just follow the link. I promise, it's not a scam, etc.

05/10/2022

Hmmm, something to ponder...

New research has predicted Australia could run out of financial advisers by June 2027. Practicing Australian financial advisers have dropped from 26,500 to 16,671 since 2019, new data from Rainmaker

02/07/2022

Here's something to think about as we head further into the new Financial Year and what it (and the future) may hold. Seriously, very interesting (well it especially is for Finance and Economy boffins).

I believe the world is changing in big ways that haven’t happened before in our lifetimes but have many times in history, so I knew I needed to study past ch...

30/06/2022

Woohoo, Happy New (Financial) Year to one and all.
Pay rises for some, increase in Super contributions for employees, however electricity cost and mortgage rates increasing...

Edit: Traffic fines are also up...

24/03/2022

All, everything prior to this date was provided by Swampy's Financial Planning. I have now undertaken the decision to "close up that shop" and provide Financial Administration to those that require help to complete the correct form, Government or other Applications, etc.

29/07/2021

Food for thought and very interesting.

Remember though, if you sell now to take advantage of your higher house price, you still have to buy back into the same market...

Buyers have continued to seek out suburbs offering more space and a better lifestyle as COVID-19 forces people to spend more time at home.

28/04/2021

All set up at Gin Gin, but no takers to fill the chairs, so it's back to actioning emails...
Have to keep the work churning along...