There are lenders that will consider ATO debt All Australians are required to lodge a tax return each financial year, but for the self-employed, this is complex and time-consuming, so it often doesn’t get done on time. In addition, many people make mistakes on their tax returns which can come back to bite them years […]
The price caps for homes purchased under the First Home Loan Deposit Scheme (FHLDS) have been raised by $100,000 or more across most states and territories barring the ACT, where they remain unchanged. Given the strong growth in property prices this year, this is welcome and timely news for prospective first home buyers. The table below shows the […]
Here are some reasons first home buyers are hesitating to buy a house: Demand for property from home buyers and property investors is high. There is so much competition in the market. Recent figures indicate that investors are making a return to the property market. Australian Bureau of Statistics (ABS) data shows that in April […]
Are you wanting to get the best possible return from your investment property? Did you know that you can reduce your taxable income and maximise your earnings from your investment? It’s important to speak to an accountant before doing so but here are three of the most basic tax benefits that are available to you […]
The rapid surge in housing prices throughout 2021 hasn’t affected RBA’s stand on the cash rates. The bank held the cash rates at 0.1 per cent in June and is adamant that it will keep the cash rates low until at least 2023. This has helped in creating a property boom in Australia. Housing prices […]
The Reserve Bank of Australia has found that an average home would have cost you about 2.5 times the average household income back in 1990. Jump to 2021, and the disparity has increased by 100%. Housing across Australia costs five times the average household disposable income in 2021. The cost of buying a home in […]
Are you a single parent? Have you always wanted to own a home but never really could save up the deposit? You can now buy a home with as little as a 2% deposit, with the new Family Home Guarantee scheme introduced in the current 2021 budget. From 1 July 2021, 10,000 Family Home Guarantees […]
When you reach the assessment stage of your home loan application, you will be told what your borrowing capacity is. This is the maximum amount of money a bank will lend you. To work out your borrowing capacity, lenders will look at three key areas. Here’s a brief rundown on each: 1. INCOME How […]
With the property market running hot, mortgage lending is at historically high levels, according to the most recent data from the Australian Bureau of Statistics. Australians took out $28.6 billion of home loans in February – 1.8% lower than the month before but a massive 55.2% higher than the year before With so much […]
Buying a home is probably one of life’s most important milestones, so getting the right home loan tailored to your specific needs and circumstances is essential. When it comes to home loans, there are many factors to consider besides interest rates. Choosing the right home loan could not only provide flexibility as your financial situation […]
Cornerstone Home Loans deliver a personalised approach with a focus on long-term relationships. Our exceptional results have earned us a strong reputation in helping you achieve homeownership and financial goals.
