Mayfair Lion

03/05/2022

Cash Rate change from 0.10% to 0.35%

05/04/2022

Cash Rate holds at 0.10%

05/04/2022

Federal Budget 2022: What it means Individuals

Last week the Australian Federal Government delivered their budget for the year 2022-2023. Below is a gist of the information for Individuals

15/03/2022

04/03/2022

Banks offer a financial lifeline to flood victims

Australian Banking Association CEO Anna Bligh said: “As people affected by these terrible floods start the long, slow recovery, this will give some financial peace of mind”. “Loan deferral or reduced repayment arrangements for home, personal and some business loans are being offered across ind...

17/06/2020

QLD Gov 2nd Package - First home buyers to get 20k!

First home owners, small businesses, seniors and the arts sector are set to receive funding boosts in a bid to kickstart the Queensland economy after the State Government announces a raft of funding initiatives.

04/06/2020

SUMMARY OF HOME BUILDER (DURATION/ELIGIBIITY/USE)

We have summarised the main points below:

Duration: - Applies to contacts entered into between 4 June and 31 December 2020

Eligibility: - Must be 18 year of age or older and an Australian Citizen
• Individuals only, no Trusts or Companies.
• Owner Occupiers only
• No Investors or Owner Builders

• The scheme is income tested:
• Singles earning $125K p.a. or less
• Couples combined income of $200K p.a. or less

What you can use it for:
• Minimum renovation cost $150K
• New home builds to the value of $750K or less
• Existing home renovations where the existing property value is less than $1.5M
• Cannot be used for additions that are unconnected to the principal place of residence such as swimming pools tennis courts garages sheds etc.
Expect further details around making application will begin to surface shortly.

04/06/2020

Home Builders 25k Grant

Scott Morrison will fire the starter’s gun on a renovation rescue for the economy with $25,000 cash grants for new homes and renos from midnight tonight.

02/06/2020

What falls? Property Prices still higher than a year ago!

Australia's property market may be in for a softer landing than projected, as the latest research shows home values fell only slightly over the month of May.

25/05/2020

CASH INJECTION: Homebuyers could be given $50,000 handout under industry proposal

Buyers would also get big savings on taxes, which can account for up to 50 per cent of a new home’s cost.