Reserve Bank Makes Emergency Interest Rate Cuts Amid Corona Pandemic

The Reserve Bank of Australia has decided to further cut the cash interest rate to its record low of 0.25 percent. This is to help prevent a recession in the country caused by the corona virus pandemic. The RBA revealed the currency has lost 20 percent this year. RBA Governor Philip Lowe said the aim[…]

Australian Expats No Longer Eligible for CGT Exemption

Residents of Australia who live abroad will no longer be able to enjoy capital gains tax (CGT) exemption on their family home. This is after the Australian Parliament passed new laws that changed certain policies on the CGT. More than 100,000 Australian expats are expected to be affected by these new laws. On the other[…]

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Parents Still Helping Adult Children Get Into The Property Market

Many first home buyers in Melbourne are still relying on their parents to get into the property ladder. New research has found that more than a third of parents in Victoria provide up to $50,000 in assistance to their children. Data from revealed that 37 percent of parents helped provide deposit or acted as[…]

Details of First Home Buyer Loan Deposit Scheme Unveiled

First home buyers are set to benefit from the government’s loan deposit scheme, which took effect on January 1, 2020. The first home loan deposit scheme will be available to those first home buyers purchasing properties up to a maximum amount. The threshold will also depend on the property’s location. Eligible buyers on qualifying incomes[…]

Is Now A Good Time To Buy A Property?

Many Australians believe that now is a good time to purchase a property. This is what a new research has found. The study showed that more than half or 52 percent of Australians believe that property prices in their area will go up in the next 12 months and because of this, they think that[…]