People taking out a new home loan would be able to borrow larger amounts, as a key constraint that was put on lenders during the property boom is set be retired. The Australian Prudential Regulation Authority (APRA) on Tuesday proposed scrapping a rule that has meant all new mortgage customers are assessed on their ability
With the 2019 Federal Election fast approaching, negative gearing has become a key campaign issue as each of the major parties offer significantly different policies should they win the election. Here we’ve outlined each major party’s election policies regarding negative gearing and the associated tax concessions. We’ve also taken a deeper look at what’s driving
Cursio Group can now help you to build a property portfolio If property investing is your thing, we would love to help you with your next move. We are introducing a tailored Property Investment Services Package called ‘The Buying Coach’. We have recognised that for clients who like to build property portfolios to build
The Victorian Building Authority (VBA) is leading the Statewide Cladding Audit on behalf of the Victorian Government. The audit is being conducted in the interests of public safety as combustible cladding can increase the potential of a fire spreading quickly. Things to consider: Are you a buyer, seller, owner occupier of an affected property? If
A message in regards to the Royal Commission Recommendations Written by Adam Cursio 7th February 2019 Dear Client, Our family has been providing financial services since 1986. Some of you have been loyal clients since then. Our family business has grown to a team of six and we look after almost 2,000 clients. We have
Written by Gareth Hutchins, The Guardian Australia’s financial regulator has lifted its restriction on banks’ ability to issue interest-only loans, in a move that will likely support house prices. Data revealed last week that property price declines in Sydney and Melbourne were no longer confined to expensive dwellings, but had spread to middle and lower
Major bank tightens screws on interest only loans ANZ said it will be regarding all interest-only loan renewals as credit critical event requiring full income verification effective 5 March. In a broker update last week, the bank said the change covers borrowers shifting from P&I to IO repayment type and those extending their IO terms.
From July 1 2017, the administration of Domestic Building Insurance (DBI) is changing and it is important to be aware of how this affects you and your construction business. Background In Victoria, it is mandatory for builders to purchase DBI (previously known as Home Warranty or Builder’s Warranty Insurance) for all domestic building projects
First home savers, downsizers and small business are the winners in Treasurer Scott Morrison’s second Budget – while taxpayers face an increase in the Medicare levy. Note: These changes are proposals only and may or may not be made law Superannuation Contributions from downsizing the home Date of effect: 1 July 2018 Individuals
