ABS HOME LOANS

05/09/2025

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12/08/2025

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: The RBA has handed down its third rate cut of the year, taking the official cash rate from 3.85 to 3.6 per cent.

It provides some relief for home loan borrowers, after last month's shock "on hold" decision.

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18/05/2025

ABS HOME 🏠 LOANS ANNOUNCING Prediction of RBA interest rate cut

28/03/2025

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28/03/2025

The gap between the average variable interest rate and lowest variable rate on Finder, a comparison website, was 1.57 percentage points in early March, while the gap between the average and lowest fixed rate was 1.37 percentage points.

It is very important to note that interest rate comparisons are not always equal, and some loans may be more suitable for certain borrowers depending on their eligibility criteria and extra loan features, such as an offset account or redraw facility.

Nevertheless, the data does highlight the importance of reviewing your home loan every two or three years, because lenders that may have offered very competitive interest rates in the past may have since fallen behind other lenders.

To show you the considerable savings that may be available through refinancing, let's consider some basic calculations: if a borrower had 25 years left on their mortgage and switched from a loan with a 6.50% p.a. interest rate to one with a 6.00% p.a. rate, here's how much they could potentially save over the life of the loan:
$46,359* if they had $500,000 left on their mortgage
$69,538* if they had $750,000 left on their mortgage
$92,717* if they had $1,000,000 left on their mortgage

24/03/2025

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Good News 🗞️ for first home buyers

Not only does Western Australia have the fastest growing economy in the nation, we have the fastest growing population, which creates pressures in areas like housing.

That's why we've slashed stamp duty for first home buyers - including on land, apartments and townhouses.

It means West Aussies buying their first home won’t pay any stamp duty on a house valued up to $500,000, saving them nearly $18,000.

Plus, they'll save money on stamp duty for homes valued up to $700,000 in Perth or Peel, or $750,000 in regional WA.

And first home buyers purchasing vacant land won’t pay stamp duty on purchases up to $350,000, saving them almost $11,000 - and they'll also save money on stamp duty for land valued up to $450,000.

We’ve also lifted the threshold for a stamp duty exemption to $750,000 for off-the-plan strata apartments and townhouses - to get more homes built, faster.

My Government will never stop working towards every Western Australian having a home.

And these new measures will deliver real savings - helping to turn the dream of home ownership into reality for thousands of West Aussies each year.

14/03/2025

Contact ABS TAX 1+2 - Accountant for any Tax planning or ABS HOME LOANS for any Investment planning to get best strategy as per your personal circumstances.

18/02/2025

RBA RATE CUT BY 25 bp and you will save more every month.
ABS HOME LOANS can help you achieve your goals and save more.

18/02/2025

Cash rate dropped by 0.25 bp by RBA 😊

19/11/2024

ABS HOME LOANS

26/09/2024

Investor borrowing rises 35.4%

Property investors committed to $11.71 billion of home loans in July 2024, which was the second-highest month on record, according to the Australian Bureau of Statistics.

It was also 35.4% higher than in July 2023, showing the enormous growth in investor activity during that time.

Here are five reasons why so many Australians consider property investing a great way to build wealth:
Capital growth – property prices have increased significantly over the long-term
Rental income – the income you collect from your tenants can contribute to paying off your mortgage
Tax benefits – you can potentially reduce your taxable income if your expenses exceed your income
Diversification – property can balance out any shares you may own through your superannuation
Flexibility – once you’ve accumulated enough equity in your investment property, you can use that to fund the deposit on another property
As you can see, property investing has a lot of potential benefits. If you want to know more, I’ll be happy to run some numbers for you.

Housing assistance scheme helping tens of thousands of buyers

The federal government's Home Guarantee Scheme (HGS) helped 43,800 buyers enter the market in the 2023-24 financial year, Housing Australia has revealed.

The HGS contains three separate programs:
The First Home Guarantee helps eligible first home buyers, and people who haven't owned a home for at least 10 years, to purchase a property with a 5% deposit without paying lender's mortgage insurance (LMI)
The Regional First Home Buyer Guarantee is almost identical, but is limited to regional buyers purchasing regional properties
The Family Home Guarantee helps eligible single parents and single legal guardians buy a property with a 2% deposit without paying LMI

The federal government has allocated a combined 50,000 places for the three programs in the 2024-25 financial year.

All three programs are reserved for owner-occupiers, have income limits ($125,000 for single applicants and $200,000 applicants) and property price caps (see table above).