Ausleading Finance Group

Ausleading Finance Group With access to multiple loan products from more than 30 banking and non-banking institutions

Established in 2013, As a proud full member of the MFAA (Mortgage & Finance Association of Australia), and hold an independent ASIC credit licence (ACL 429199).

Case Scenario: Purchasing a $750,000 Home in VictoriaHome Details:• Purchase Price: $750,000• Loan Term: 30 years• Loan ...
19/08/2024

Case Scenario: Purchasing a $750,000 Home in Victoria
Home Details:
• Purchase Price: $750,000
• Loan Term: 30 years
• Loan to Value Ratio (LVR): 95%

Option 1: Basic (HGS) Variable
• Interest Rate: 5.99% Standard Variable
• Monthly Repayment: $4,491.81
• Total Repayment Over 30 Years: $1,617,451.58
• Upfront Fees: $0.00
• Ongoing Fees: $401.00 per month
• Repayment Frequency: Monthly, Weekly, Fortnightly

Pros:
• Flexible repayment options (monthly, weekly, fortnightly).
• No upfront fees.

Cons:
• Higher interest rate compared to other options.
• Monthly repayments are higher.
• Ongoing fees apply.

Option 2: FlexiDiscount Home Guarantee Scheme Loan
• Interest Rate: 6.14% Standard Variable
• Monthly Repayment: $3,837.50
• Total Repayment Over 30 Years: $1,657,809.00
• Upfront Fees: $0.00
• Ongoing Fees: $1,450.00 per month
• Repayment Frequency: Monthly

Pros:
• Lower monthly repayments compared to Option 1.
• No upfront fees.

Cons:
• Higher total repayment amount over 30 years.
• Higher ongoing fees compared to Option 1.
• Limited repayment frequency (monthly only).

Option 3: NHG Basic Variable
• Interest Rate: 6.19% Basic Variable
• Monthly Repayment: $4,588.65
• Total Repayment Over 30 Years: $1,652,264.97
• Upfront Fees: $0.00
• Ongoing Fees: $350.00 per month
• Repayment Frequency: Monthly, Weekly, Fortnightly

Pros:
• Flexible repayment options (monthly, weekly, fortnightly).
• Lower ongoing fees compared to Option 2.
• No upfront fees.

Cons:
• Highest interest rate of the three options.
• Highest monthly repayment amount.

Comparison Summary:
1. Monthly Repayment:
o Option 1: $4,491.81
o Option 2: $3,837.50
o Option 3: $4,588.65

2. Total Repayment Over 30 Years:
o Option 1: $1,617,451.58
o Option 2: $1,657,809.00
o Option 3: $1,652,264.97

3. Ongoing Fees:
o Option 1: $401.00 per month
o Option 2: $1,450.00 per month
o Option 3: $350.00 per month

4. Interest Rate:
o Option 1: 5.99%
o Option 2: 6.14%
o Option 3: 6.19%

"Recommendations:
• If you prioritise lower monthly repayments and can handle higher ongoing fees: Option 2 is the best choice, despite its higher total repayment and ongoing fees.
• If you prefer flexible repayment options with no ongoing fees: Option 1 provides flexibility but at a higher monthly repayment.
• If you want to balance between ongoing fees and repayment flexibility and can manage slightly higher repayments: Option 3 might be the optimal choice."

The First Home Owner Grant (FHOG) in New South Wales provides a one-off payment of $10,000 for eligible buyers who purch...
19/08/2024

The First Home Owner Grant (FHOG) in New South Wales provides a one-off payment of $10,000 for eligible buyers who purchase or build a new home. This grant aims to assist first home buyers in achieving home ownership.
Eligibility Criteria:
1. General Requirements:
o Home Type: The grant is available for new homes only. This includes homes that are newly constructed or substantially renovated but does not cover established homes.
o Principal Place of Residence: The property must be used as your principal place of residence.
2. Eligibility Conditions:
o Applicant Age: You must be 18 years or older.
o Citizenship/Residency: At least one applicant must be an Australian citizen or permanent resident.
o Previous Ownership: Neither you nor your spouse/de facto partner should have owned residential property in Australia before 1 July 2000 or have lived in a property with such ownership on or after 1 July 2000 for at least six months. Additionally, you or your spouse/de facto partner must not have previously received a FHOG in any Australian state or territory.
o Property Value: The total value of the home must not exceed $750,000, which includes land and any improvements.
3. Application Process:
o Contract Date: The grant is applicable for contracts signed on or after 1 October 2012.
o Documentation: You must provide proof of eligibility, including proof of identity and evidence that the home is new and will be used as your principal place of residence.
Additional Information:
• Grant Administration: The FHOG is administered under the First Home Owner Grant Act 2000 and the associated regulations.
• Ineligibility: Companies and trusts are not eligible for the grant.
Ref; https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer/first-home-owner-new-homes-grant

The First Home Owner Grant (FHOG) offers up to $15,000 for eligible first home buyers in South Australia. This grant is ...
19/08/2024

The First Home Owner Grant (FHOG) offers up to $15,000 for eligible first home buyers in South Australia. This grant is available for the purchase or construction of a new home, including houses, flats, units, townhouses, or apartments. It applies only if the home will be your principal place of residence. Note that the grant is not available for established homes as of 1 July 2014.

Eligibility Criteria:
1. General Requirements:
o Home Type: The property must be a new home or a substantially renovated home that has not been previously occupied or sold as a place of residence.
o Residence: The home must be used as your principal place of residence.

2. Eligibility Based on Transaction Date:

o On or After 6 June 2024:
- The home must be new or substantially renovated.
- At least one applicant must be an Australian citizen or permanent resident (including New Zealand citizens with Special Category Visas).
- Each applicant must be 18 years or older.
- Neither you nor your spouse/domestic partner should have held a relevant interest in an Australian residential property before 1 July 2000 or occupied a property with such interest on or after 1 July 2000 for six months or longer.
- No prior receipt of the FHOG in any state or territory.
- All applicants must reside in the home for a continuous period of at least six months starting within 12 months of settlement or completion of construction.

o On or Before 5 June 2024:
- The home must be new or substantially renovated.
- Property value limits:
- $650,000 or less for contracts entered into on or after 15 June 2023.
- $575,000 or less for contracts entered into between 17 September 2010 and 14 June 2023.
- At least one applicant must be an Australian citizen or permanent resident (including New Zealand citizens with Special Category Visas).
- Each applicant must be 18 years or older.
- Same conditions regarding prior property ownership and prior FHOG receipt as noted above.
- All applicants must meet the residency requirement.

Additional Notes:
• Companies and trusts are not eligible for the grant.
• There are no restrictions on how the grant funds are used.

Following Legislation: https://www.revenuesa.sa.gov.au/forms-and-publications/legislation
Ref; https://www.revenuesa.sa.gov.au/forms-and-publications/legislation

The First Home Owner Grant (FHOG) provides a one-time payment of up to $10,000 for eligible individuals purchasing or bu...
19/08/2024

The First Home Owner Grant (FHOG) provides a one-time payment of up to $10,000 for eligible individuals purchasing or building their first new home. This grant does not require income or asset testing and is available for new homes or homes that have undergone substantial renovations, but not for established homes.
Eligibility Requirements:
• Age: Applicants must be 18 years or older. Exceptions may be granted for those under 18.
• Citizenship: At least one applicant must be an Australian citizen or permanent resident.
• Ownership: Applicants must hold a relevant interest in the land and own the home in their own capacity. This includes rights of occupancy.
Ineligibility Conditions:
• Previous receipt of the FHOG or a first home owner rate of duty from any Australian jurisdiction.
• Ownership of residential property in Australia before 1 July 2000, or ownership and occupation of such property on or after 1 July 2000.
• Ownership of property on or after 1 July 2000 with at least six months' continuous residence beginning on or after 1 July 2004.
Value Limits:
• For contracts to build, new homes, or off-the-plan purchases:
o South of the 26th parallel of South Latitude (including Perth): Total value must not exceed $750,000.
o North of the 26th parallel of South Latitude: Total value must not exceed $1,000,000.
To qualify for the First Home Owner Rate of Duty (FHOR), the home's value must also stay within specific dutiable value thresholds. For detailed calculations:
• Established, New, or Off-the-Plan Homes: Use the greater of the purchase price or unencumbered value.
• Contract to Build: Include both the contract price and the land's unencumbered value.
• Owner-Builder Homes: The total unencumbered value of the home and land at completion.

Ref;
https://www.wa.gov.au/government/publications/about-the-first-home-owner-grant

Grant Amounts and Eligibility for New Home Buyers and Owner-BuildersFor Buying or Building a New Home:• $30,000 for cont...
19/08/2024

Grant Amounts and Eligibility for New Home Buyers and Owner-Builders
For Buying or Building a New Home:
• $30,000 for contracts signed between 20 November 2023 and 30 June 2025.
• $15,000 for contracts signed before 20 November 2023.
For Owner-Builders:
• $30,000 for foundations laid between 20 November 2023 and 30 June 2025.
• $15,000 for foundations laid before 20 November 2023.
Eligibility Criteria:
• Age: Must be 18 years or older. Discretion may be used for exceptional cases.
• Citizenship: Must be an Australian citizen or permanent resident. If applying jointly, at least one applicant must meet this requirement.
• Income: Not a factor in eligibility.
• Previous Grant: You or your spouse must not have previously received a first home owner grant in Australia. If repaid, reapplication may be possible.
• Previous Home Ownership: You or your spouse must not have owned residential property in Australia on or after 1 July 2000 that was lived in, or before 1 July 2000.
• Investment Properties: The grant is not available for investment properties. Eligibility may apply if you have owned an investment property but have not lived in it.
Residence Requirements:
• Must move into the home as your principal place of residence within 1 year and live there for at least 6 months. Renting out rooms during this period is allowed under certain conditions.
Disqualifying Arrangements:
• The grant will not be granted if there are arrangements to circumvent eligibility or if the home is bought or built primarily to obtain the grant.
Eligible Transactions:
• Must be buying or building a new home valued under $750,000.
• The home must be new, not previously lived in or sold, or could be a substantial renovation.
• Eligible transactions include new homes, off-the-plan purchases, substantial renovations, contracts to build, or owner-builder projects.
Details for Specific Cases:
• New Home: Must be brand new and not previously occupied.
• Off-the-Plan: Includes buying a new home before construction is completed.
• Substantial Renovation: Must involve major structural changes and be done by a GST-registered seller.
• Contract to Build: Must be a comprehensive home building contract.
• Building on a Relative’s Land: Includes building a detached dwelling like a granny flat on a relative’s land.
• Owner-Builder: Includes building the home yourself or through multiple builders without a comprehensive contract, with a final inspection certificate required.

Ref; https://qro.qld.gov.au/property-concessions-grants/first-home-grant/eligibility/

In Victoria, there are several stamp duty exemptions, concessions, and reductions available when purchasing property:• F...
19/08/2024

In Victoria, there are several stamp duty exemptions, concessions, and reductions available when purchasing property:
• First-Home Buyer Duty Exemption/Concession: Exemption for a principal place of residence (PPR) up to $600,000, or a concession for PPRs between $600,001 and $750,000. This differs from the First Home Owner Grant, which is a payment.
• First-Home Buyer Reduction: A 50% duty reduction for PPRs up to $600,000 if the contract was signed before 1 July 2017.
• Off-the-Plan Concession: Concession for off-the-plan properties, including land and building packages or refurbished lots.
• Pensioner Concession: Exemption or concession for new or established homes up to $750,000.
• Principal Place of Residence (PPR) Concession: Concession for properties up to $550,000 intended as a primary residence.
• First-Home Owner with Family Exemption/Concession: Exemption or concession for properties valued at $200,000 or less.
• Young Farmer’s Exemption/Concession: Exemption or concession for young farmers buying their first farmland.
A comparison table is available to help differentiate these grants and concessions.
Property owners in Victoria may also face annual taxes and levies, such as the 2% absentee owner surcharge.
First Home Owner Grant (FHOG) Eligibility:
• Amount: $10,000 for new homes if the contract was signed on or after 1 July 2013.
• Home Value: Must be valued at $750,000 or less and must be a new home.
• Property Use: Must not have been previously sold as a residence, occupied, or used for short-term accommodation like Airbnb.
Eligibility criteria exclude those who have:
• Received the FHOG before,
• Owned property in Australia before 1 July 2000,
• Lived in a property they owned or partly owned after 1 July 2000 for at least six months.
You may still be eligible if you purchased property after 1 July 2000 and never lived in it.
Additional Requirements:
• Applicants must be at least 18 years old at settlement or construction completion.
• At least one applicant must be an Australian citizen or permanent resident at settlement or completion.
• You (or at least one applicant) must live in the home as your principal place of residence for at least 12 months within 12 months of settlement or completion. Australian Defence Force members are exempt from this residency requirement.
Permanent residents include those with a permanent visa or New Zealanders with a special category visa, provided they are in Australia at settlement.

Ref. https://www.sro.vic.gov.au/first-home-owner

🌟 Honored and Excited! 🌟"I’m thrilled to share that I’ve been named to LMG's Top 250 Broker list! 🎉 A huge thank you to ...
18/08/2024

🌟 Honored and Excited! 🌟

"I’m thrilled to share that I’ve been named to LMG's Top 250 Broker list! 🎉 A huge thank you to LMG for this incredible recognition. 🙌

I’m beyond excited to join the Sales Symposium on November 28th in Melbourne—an exclusive event where the best of the best come together to learn, connect, and level up. 🚀

Looking forward to gaining new insights, meeting fellow top brokers, and celebrating our achievements together. Here’s to an extraordinary experience! 🥂"

David Yang

We offer free consultations as part of our services.Contact us today to explore more options!!
24/07/2024

We offer free consultations as part of our services.
Contact us today to explore more options!!

17/07/2024

Established in 2013, Ausleading Finance Group has grown to become a trusted name in the financial services industry.

From our humble beginnings, we have always believed in the power of dreams and the transformative impact of financial freedom. Our journey began with a small team of passionate individuals driven by the vision of making financial services more accessible and understandable to everyone. Over the years, our commitment to excellence and integrity has earned us the trust and loyalty of countless clients.

As a proud full member of the Mortgage & Finance Association of Australia (MFAA) and holding an independent ASIC credit licence (ACL 429199), we uphold the highest standards of professionalism and ethics in all our dealings.

Our dedication to maintaining these standards is reflected in every aspect of our work. Whether it’s helping a young couple purchase their first home, guiding a small business through expansion, or providing expert advice for retirement planning, we approach each client's unique needs with the utmost care and attention.

Our Approach
We believe that finance should be personal, not just transactional. Our team of experts takes the time to understand the unique goals and circumstances of each client. This personalized approach allows us to craft solutions that are not only effective but also empowering. We strive to educate and inspire our clients, equipping them with the knowledge and tools they need to make informed financial decisions.

Our Community
Community is at the core of what we do. We are proud to support local initiatives and contribute to the communities that have supported us over the years. Through financial literacy programs, sponsorships, and community outreach, we aim to give back and help build a stronger, more financially secure future for everyone.

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Looking Ahead
As we look to the future, we remain committed to innovation and excellence. We are continuously exploring new ways to enhance our services and meet the evolving needs of our clients. Our vision is to be a beacon of trust and reliability in the financial industry, guiding our clients toward their dreams with confidence and clarity.

At Ausleading Finance Group, we don’t just provide financial services; we create stories of success and prosperity. Join us on this journey and let us help you write the next chapter of your financial story.

Address

1212 9 Yarra Street, South Yarra
Melbourne, VIC
3141

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 3pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+61422654445

Website

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