Surf Coast Finance

12/03/2022

Nic caught up with The Adviser recently to discuss how the Surf Coast Finance partnership came about. It mainly comes down to like-mindedness, trust & communication. The rest just takes care of itself 🥰

In this instalment of our Growing your Brokerage series, The Adviser finds out how brokers could successfully merge with other brokerages to achieve operational efficiencies and scale, and why sharin

04/08/2021

Our star Director, Nicola Amy Tucker was recently asked to share some of the Surf Coast Finance story, including how the business was formed, and how she juggles being the mum of a busy 8 month old and running the business. Happy Listening!

Victoria-based broker Nicola Tucker is one of two directors of growing regional brokerage Surf Coast Finance, writing resi and asset business for borrowers in Torquay. The former banker became a bro

07/06/2021

HOME LOAN APPROVAL TIMES || Our "Fastest Way to Yes" mantra has never been more important. We help our clients put their best foot forward to the most closely aligned, and fastest lender for their situation. The stats in this 7 News article are often "best case scenario" for these lenders, assuming no additional information required on the way through. If you're thinking about getting into the market, or making a change, get in touch early to get your ducks in a row.

Queenslanders are missing out on the Great Australian Dream, as lenders struggle to keep up with the property boom. As approvals come too late for some borro...

20/05/2021

FHOG Update ||
The First Home Owners Grant due to end on 30 June this year was widely expected to continue in its current form as it has since since 2017. But today's Budget Announcement contains bad news for Regional Victorian First Home Buyers, with the lucrative $20,000 being halved from 1 July to $10,000. Buyers and builders will now be under increased pressure to get contracts signed before the looming deadline.

The grants in regional Victoria will be slashed from $20,000 to $10,000 under a raft of measures to help the economy recover, while concessions are on offer for inner-city home buyers.

11/05/2021

BUDGET UPDATE || Most budget measures centre around employment measures, removal of red-tape, extensions to Covid recovery measures and much needed improvements to the Aged Care sector. For property buyers, the main item is the simplification and extension of the First Home Owners Super Scheme that makes saving for a deposit more tax effective, particularly for higher income earners. There’s also another tranche of the First Home Loan Deposit Scheme and an extension of the scheme for single parents with as little as 2% deposit (many conditions apply!). For more visit the budget.com.au website or check out Macquarie Bank’s summary here

The Federal Treasurer, the Hon. Josh Frydenberg MP, delivered the 2021 Federal Budget on 11 May 2021.

06/04/2021

CREDIT SCORES IN THE SPOTLIGHT ||
Last year was a tough year for many, and whether it was a pre-emptive measure or necessary, payment pauses may have been put in place.
Lenders have been very particular about how their processes were followed when it comes to whether or not they have recorded the pause against credit files. If yours has been incorrectly recorded, you should act quickly and discuss it with the bank and have it reversed if possible, as it will carry long term implications.
You can get your Credit Report free online, and see our article for how to interpret the data.

Comprehensive Credit Reporting (CCR) became compulsory for the Big 4 Banks back in July 2020, and other credit providers have quickly followed suit ahead of a late 2021 deadline. It means that credit agencies are now required to report all credit enquiries (such as a Pre-Approval request), as well a...

25/03/2021

BETTER BUSINESS AWARDS ||

We are beyond excited to announce we are finalists in this years awards.

Our team is up from Best New Office and Nic is up for Best Regional Broker. 🤞🤞🤞

02/02/2021

INTEREST RATES TO REMAIN LOW FOR 3 YEARS ||
If confidence in the Australian property market wasn’t strong enough, the RBA’s announcement yesterday may fuel it further. What wasn’t surprising was the holding of the official rate at 0.1%. But an expectation of 3 years before rates would increase at all, shows just how long the impacts to pockets of the economy are expected to last.

The central bank has announced its cash rate decision for the month of February. The Reserve Bank of Australia (RBA) has held the official cash rate at 0.10 per cent this month, in line with market e

19/01/2021

BUILDING TIPS ||
Thinking of going more rural or further down the coast? Here’s the basics on building in bushfire prone areas

Climate change continues to drive longer, more hazardous fire seasons across Australia. With this comes the need for increased awareness around what you can do to protect yourself and your

15/12/2020

GOVT FUNDED SCHOOL "MONEY" PROGRAMS LIKELY TO GET DITCHED ||
A damning report has called the Big Banks out on their Money Program motivations, citing a lack of evidence that they are teaching kids anything, and more likely creating complacent customers for life.
The alternative view is that teachers and parents should be teaching kids life skills.
What do you teach your kids about money?
PS: Our little people probably know too much

School banking programs expose children to sophisticated advertising and marketing tactics, without clear benefit

26/11/2020

HOME BUYER UPDATE ||
Biggest Opportunities for Surf Coast Buyers
- First Home Buyers can consider going above $750K and qualify for some concessions
- This stimulus applies to all buyers, including Investors

Brokerage director breaks down what's on offer and who is best positioned to benefit

24/11/2020

PROPERTY UPDATE ||
If would-be property buyers weren't already in a flurry, the latest announcement handed down by the Victorian Government today will get them moving. 50% stamp duty concessions for "new" purchases" and 25% concessions for established dwellings. It applies to Owner Occupied & Investment purchases

The Victorian government stopped short of abolishing stamp duty, but it will be discounted for some home buyers and sellers until next year.