ASHZ Mortgage & Finance Solutions Pty Ltd | Finance

ASHZ Mortgage & Finance Solutions Pty Ltd

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20.01.2022 Interesting Read....

17.01.2022 Sydney's most Popular Suburbs Price has proved no barrier for some property buyers, with some of Sydneys most expensive suburbs among the most popular for purchases this year. While growth areas in the west again topped the list of areas most frequently bought into, Mosman and Randwick remained popular, particularly for unit buyers perhaps seeking a cheaper entry into blue-ribbon postcodes.... Blacktown, which has been undergoing rapid change including widespread housing developments, was the most popular suburb for property sales, with 668 in the year to October, according to Domain data. The median house price in Blacktown is $700,000 after dropping 4.4 per cent in the past year. The median unit price is $475,000, which declined 6.2 per cent Most popular Sydney suburbs in 2018/19 : Rank Suburbs House Unit Total 1 Blacktown 449 219 668 2 Kellyville 452 87 539 3 Dee Why 70 463 533 4 Mosman 240 272 512 5 Epping 149 347 496 6 Ryde 169 304 473 7 Parramatta 31 436 467 8 Baulkham Hills 344 94 438 9 Randwick 185 251 436 10 Castle Hill 350 83 433 Source: Domain Buyers in the northern beaches suburb overwhelmingly favoured units, which made up 463 of this years 533 sales. Dee Why units recorded a 5.7 per cent price decline in the past year, with the median price now at $764,000. With fast modes of transport in place, western Sydney has definitely topped the list. Kind Regards Ash Sharma | J.P. | Dip. FMBM | Director / Senior Finance Specialist M 0420 458 786 E [email protected] Diploma of Financial Services (Finance And Mortgage Broking Management) Member of FBAA & CIO ABN: 75 607 911 151 Home Loans Investment Loans Construction Loans Personal Loans Car Loans Business Loans Commercial Loans SMSF Lending Leasing & Asset Equipment Finance Risk Insurance Specialist

17.01.2022 Great News Yet Again For Home Buyers!!

17.01.2022 Why it's important to check your credit score regularly. Your credit score is like going to the doctor for many - you don't have a check-up unless you absolutely need to. The Veda Australian Credit Scorecard, surveying the credit behaviour of people nationwide, proves this to be true for Aussies, with only 30 per cent of people concerned about what's in their credit history. This is unusual when you delve deeper into the data - Veda also found a quarter of Australians spend m...oney on things that they will struggle to repay. Keeping track of changes in your credit score is an essential part of a healthy financial life. To do that, people need to change their mindset on how important their credit score is and check it more regularly. The benefits of checking your credit score regularly Knowing where you stand - They say knowledge is power. This is particularly true with your credit score. If you want to borrow money or get a new credit card, financial institutions will check to see if you're a suitable customer based on this score. Know what you are dealing with, and you can plan your application around it. Insight into your spending - By checking on your credit score regularly, you can see what spending habits hurt your budget. This can help you plan for a more financially secure future. Ensuring your data is accurate and protected - No one is better qualified to ensure your credit and personal information is accurate than you. Plus, a regular check minimises the risk of identity theft or other credit issues. Fixing mistakes - Periodically checking your credit score also improves the accuracy of the financial information. Any mistakes, even minor ones, can have a significant impact on your score, so keeping on top of it is a good idea. How to check it and how often Credit agency Equifax recommends checking your credit score as regularly as you like, but no less than once a year. This strategy ensures everything is above board and any issues are rectified before you need a good credit score for a loan application. The Australian Securities and Investments Commission (ASIC) note you can get free credit checks from a number of online providers, including: Credit Simple Get Credit Score ASIC also mentions you should check your score on more than one platform to ensure all the data is consistent. Once you're certain of your credit score, you can start to work out a strategy for improving it! For more information on your credit score loan and how it can help you get a better rate, speak with our team today!

15.01.2022 Government COVID-19 economic package on wage subsidies JobKeeper Payments The Government has announced today, as part of its economic packages in response to COVID-19, a $130 billion wage subsidy ‘Job-Keeper Payments’ to encourage businesses affected by COVID-19 to keep paying salaries to their employees. ... The JobKeeper Payment is a temporary scheme open to businesses impacted by the Coronavirus. It will also be available to the self-employed. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months. Employers are eligible if they show: They have a turnover of less than $1 billion and turnover will be reduced by more than 30 per cent relative to a comparable period a year ago (of at least a month); or Are currently employed by the eligible employer (including those stood down or re-hired); Were employed by the employer at 1 March 2020; Are full-time, part-time, or long-term casuals (a casual employed on a regular basis for longer than 12 months as at 1 March 2020); Are at least 16 years of age; Are an Australian citizen, the holder of a permanent visa, a Protected Special Category Visa Holder, a non-protected Special Category Visa Holder who has been residing continually in Australia for 10 years or more, or a Special Category (Subclass 444) Visa Holder; and Are not in receipt of a JobKeeper Payment from another employer. While many of the details are yet to be worked out the Government has released a fact sheet (see attached) which states that employers must have been in an employment relationship with eligible employees as at 1 March 2020, and confirm that each eligible employee is currently engaged in order to receive the JobKeeper Payments. The ATO have also created a link on their website to register an intention to apply. As further information is released by the Government we will keep you updated.

15.01.2022 Make sure you speak to a local Accredited Finance Broker before you apply for a home loan.....Just one failed enquiry could drop your credit score from good to bad.

13.01.2022 How Aussies can pay off mortgages faster For an average Australian, a mortgage could be the biggest debt they will have in their lifetime. While getting a home-loan approval has become easier due to the easing of credit rules and low interest rates, paying it off remains a challenge though. A mortgage could be the main thing that could cause personal bankruptcy. Therefore, one would want to pay off their mortgage as quickly as possible.... To settle mortgage as quickly as possible, three strategies can be considered. The first tip is to change the payment frequencies. Many people pay their mortgages once a month, but if you split that amount in half and pay it once a fortnight, you'll end up paying more over a year. That's because there are 26 fortnights in a year but 24 half-month periods, so you can pay the mortgage off a bit quicker without really noticing. Ash Sharma | J.P. | Dip. FMBM | Director / Senior Finance Specialist M 0420 458 786 E [email protected] Diploma of Financial Services (Finance And Mortgage Broking Management) Member of FBAA & AFCA ABN: 75 607 911 151

08.01.2022 The perks of an offset account An offset account works like a high-interest savings account linked to your loan. The funds sitting in an offset account are saving you interest on a daily basis. This way you are not paying interest on your full mortgage. The more you have in the offset account, the less interest you pay on the mortgage. Over the life of the loan, (that) saved interest can go towards the principal of the loan instead, thus paying off the loan quicker.... For instance, if you have a $600,000 home loan with a 3.30% interest rate and an offset account with a $50,000 balance, your mortgage rate will only be charged to $550,000 of your home loan. Some banks, on the other hand, only offer a partial offset. Two of the tried-and-tested ways to utilise the full savings potential of an offset account are paying salaries into it and using it to build an emergency fund this way, you can ensure that your account is always loaded. Ash Sharma | J.P. | Dip. FMBM | Director / Senior Finance Specialist M 0420 458 786 E [email protected] Diploma of Financial Services (Finance And Mortgage Broking Management) Member of FBAA & AFCA ABN: 75 607 911 151

04.01.2022 March 2020 Cash rate at a record low of 0.50% After a tumultuous few months, the Reserve Bank of Australia (RBA) has decided to drop the cash rate by 25 basis points, taking it to a new low of 0.50 per cent. In the official release by the RBA, it was stated that the near-term outlook for the global economy remains cloudy as the impact of the corona virus takes effect.... The same goes for the Australian economy as we face uncertainty across multiple sectors. But what does this all mean for the housing and credit sectors specifically? Governor Philip Lowe had this to say: There are further signs of a pick-up in established housing markets, with prices rising in most markets, in some cases quite strongly. Mortgage loan commitments have also picked up, although demand for credit by investors remains subdued. Mortgage rates are at record lows and there is strong competition for borrowers of high credit quality. Credit conditions for small and medium-sized businesses remain tight. In short, conditions remain strong in our housing and credit sectors, with a competitive market giving borrowers plenty of options to get a better deal. To find out if you could be saving on your current or future loan, please get in touch today!!

01.01.2022 The Cash Rate remains unchanged at 0.75 per cent