GET SMART FINANCIAL
  • Home
  • Get to Know us
    • The Get Smart Team
  • Get Results
  • FAQs
  • Calculators
  • Blog
  • Get in Contact

Home building costs rise 7.3% year-on-year

23/3/2022

1 Comment

 
Picture
The supply chain shortages that have affected so many industries have hit property as well, with residential construction costs rising at the fastest annual rate since 2005.
 
Home building costs rose 7.3% in the 2021 calendar year, according to CoreLogic’s Cordell Construction Cost Index (CCCI).
 
That said, the pace of growth might be trending down, with costs rising 3.8% in the September quarter but only 1.1% in the December quarter.
 
Part of the reason costs are rising is because builders are struggling to get their hands on materials such as timber and metal products.
 
Property developers and home builders are likely to be passing on at least some of these increased costs to people buying homes.
let's chat!
1 Comment

Govt updates first home buyer deposit scheme

16/3/2022

0 Comments

 
Picture
First home buyers can now save their deposit even faster, after the First Home Super Saver Scheme savings threshold was increased from $30,000 to $50,000.
 
The scheme lets first home buyers salary-sacrifice pre-tax income into a dedicated account within their superannuation fund – up to $15,000 per year and now up to $50,000 in total.
 
There are two ways in which the First Home Super Saver Scheme benefits first home buyers.
 
First, the money they deposit into the scheme is taxed at 15% rather than the income tax rate, which is 19% for someone earning up to $45,000 and 32.5% for up to $120,000.
 
Second, when first home buyers eventually withdraw their money, they’re allowed to withdraw their original deposit plus about 4.7% interest, which is a higher rate of interest than they’d earn through a regular savings account. Withdrawals are generally taxed at the marginal tax rate minus 30 percentage points.
let's chat!
0 Comments

Strong property market drives record home loan activity

9/3/2022

0 Comments

 
Picture
​Home loan activity reached a record high in December, according to the latest data from the Australian Bureau of Statistics, in a sign the property market remains strong.
 
Australians committed to $32.8 billion of mortgages in December, which was 4.4% higher than the month before and 26.5% higher than the year before. The breakdown was:
  • Owner-occupier loans = $22.5 billion (up 5.3% monthly, 12.4% annually)
Investor loans = $10.3 billion (up 2.4% monthly, 73.9% annually)
Picture
​One reason so many Australians are entering the market is because it's been booming over the past year.
 
Another is that despite speculation that interest rates might increase later this year, rates are at ultra-low levels and would still be very low even with a rate rise.
let's chat!
0 Comments

International Women's Day | 8 March 2022

8/3/2022

0 Comments

 
Picture
Picture
Today, celebrating International Women’s Day, with these wonderful, inspiring, supportive women, and a perfect opportunity to celebrate all that we do as not only mortgage brokers, but as friends, sisters, and mothers. 🧡

As a woman, running a business, leading from the front, today made me realise that I need more days like today.

What I think many might be surprised to know, is that of the many mortgage brokers I know, is that we are not in competition, there are many clients who value what we do, and in fact, we are often support and collaborate to ensure that not only we continue to grow and evolve as brokers, but also to ensure that we are all focussed on the success of our clients and support each other in our endeavours.
​
We are a community, and a fiercely proud, brave, and driven community of strong women at that.
Proud to be one of every day, but especially today on International Women’s Day. ​🧡
0 Comments
    mortgage broker donvale
    View my profile on LinkedIn

    Author

    Rachael Bland – Founder & CEO

    Archives

    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    May 2022
    April 2022
    March 2022
    February 2022
    July 2021
    June 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    April 2019
    March 2019
    November 2018
    August 2018
    February 2018
    November 2017
    July 2017
    May 2017
    March 2017
    June 2016
    May 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    May 2015
    March 2015
    February 2015
    January 2015
    December 2014
    October 2014
    May 2014

    Categories

    All
    Adding Value
    Capitalisation
    FAQ
    Finance
    Get Smart News
    Home Loans
    Industry Awards
    Interest Rates
    Investment
    Refinancing
    Renovations
    Value

    RSS Feed

Privacy | Credit Guide | FAQs | Calculators
T:
0421 73 88 30 | E:
rachael@getsmartfinancial.net.au
Credit Representative Number: 427013 | Australian Credit Licence Number: 391237 | MFAA Accredited Credit Advisor 150638 | Copyright © 2019 Get Smart Results Pty Ltd
mortgage broker donvale
Website by Mint Creative Circle
Photo used under Creative Commons from Philippe Put
  • Home
  • Get to Know us
    • The Get Smart Team
  • Get Results
  • FAQs
  • Calculators
  • Blog
  • Get in Contact