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Denistone Financial Services

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25.01.2022 Consolidating your debt can be extremely beneficial to your finances. Don't delay another minute! Book an appointment today to discuss your own scenario.

24.01.2022 What is happening to residential real estate amid COVID-19? On March 17th, CoreLogic circulated an article exploring property value performance against such events. The findings were:... 1. Negative economic shocks do not necessarily lead to severe declines in property prices; 2. Property does not see the same declines as shares during a downturn, because it is used to live in and therefore not as speculated upon as shares; additionally, it cannot be bought and sold as quickly as shares, meaning price movements are not as volatile; 3. Due to the temporal nature of the COVID-19 downturn, vendors may hold high expectations for their property value and simply hold off selling until the economy returns to full-scale production; 4. The current high level of household debt amplifies the risk of an adverse change in household circumstances such as loss of income, unemployment or illness on housing market conditions; and, 5. The number of property transactions have seen more drastic declines in response to economic shocks, and could be even more affected amid the COVID-19 downturn. -

23.01.2022 Asset finance is any form of finance used to fund the purchase of important business assets including equipment, vehicles, machinery or technology. Asset finance is used to bridge this cash shortage and allows a business to grow without the otherwise required capital. Speak to your Finance Broker to find out more.

23.01.2022 ATTENTION FIRST HOME BUYERS - you could be the target of further government stimulus packages. With the RBA announcing the cash rate it to remain at its current record low of 0.25%, mortgage aggregator Finsure has underscored the importance of additional stimulus packages from the government in helping the economy rebound from its current slump. Finsure Group managing director John Kolenda has welcomed reports that the latest package being prepared by Treasurer Josh Frydenb...erg includes increased grants for new home buyers and renovations for established homes. According to Kolenda, the significant increase to the first home buyers’ grant was key in buoying the sluggish housing sector during the global financial crisis in 2008. In October of that year, the grant was temporarily doubled from $7,000 to $14,000 for established homes and brought up to $21,000 for new properties. That stimulus resulted in an increase of 300,000 inquiries from first home buyers at the time one of the greatest uptakes in history which produced a positive flow-on effect for the entire housing market which benefited the whole economy," Kolenda said.

14.01.2022 The government announced their HOMEBUILDER stimulus last night. We've put together answers to questions you may have about HOMEBUILDER:- AM I ELIGIBLE TO RECEIVE HOMEBUILDER? Yes, if you meet the criteria:-, ... 1. Construction of an Owner/Occupied property (not investment property) 2. Be within the income caps ie:-individual application $125,000 or couple combined income of $200,000 per annum. 3. Enter into a building contract between 4 June 2020 and 31 December 2020 to either: build a new home as a principal place of residence, where the property value (house and land) does not exceed $750,000; or substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 and $750,000, and where the value of your existing property (house and land) does not exceed $1.5 million; 4. Construction must commence within three months of the contract date. IS THERE A LIMIT TO HOW MANY PEOPLE CAN GET HOMEBUILDER? No. HomeBuilder is an uncapped, time-limited grant. I ALREADY OWN LAND BUT HAVEN’T SIGNED A CONTRACT TO BUILD A NEW HOUSE AM I STILL ELIGIBLE? Yes, if you meet the following criteria: 1. If you own a property (house and land), and knock the house down to rebuild this will be counted as a substantial renovation, and therefore subject to the renovation price range of $150,000 to $750,000 provided the total value (house and land) of the property does not exceed $1.5 million pre-renovation; 2. If you own vacant land before 4 June 2020, and then build, the total value of the land and new build cannot exceed $750,000; or 3. If you buy the land after announcement, and then build, the total value of the land and build cannot exceed $750,000. For more information contact the DFS Team today.

12.01.2022 If you’re having trouble making the payments on your home loan or your financial situation has recently changed, it might be time to refinance your mortgage. Looking at todays market, a large number of home loans now start with a 2, so refinancing might be the right option.

11.01.2022 Buying your very first home is equal parts exciting and daunting as you step into uncharted territory. There is so much to consider and digest when making the decision to buy your first home that often it can become overwhelming. We have broken down all these considerations for you - take a look.

08.01.2022 In the current environment with so many of us working from home, a home office space is proving to be incredibly important.

07.01.2022 Click on video below to see CoreLogic's Research Director Tim Lawless give an overall view of the Australian property market. If you are wondering where to for property since Covid-19 - then this video is for you. What do you think will occur in the property market? https://youtu.be/ZDJ4rPuBnQ8

06.01.2022 The RBA will keep the cash rate at its record low for the foreseeable future with no improvement in inflation and labour market conditions in sight, according to AMP chief economist Shane Oliver. As widely anticipated, the RBA yesterday held the official cash rate at 0.25 per cent. In a statement released following the decision, RBA governor Philip Lowe reiterated that the central bank would not consider changes to the cash rate until its long-term targets of unemployment and... inflation were met. The board will not increase the cash rate target until progress is being made towards full employment, and it is confident that inflation will be sustainably within the 2-3 per cent target band, he said. The RBA is expecting inflation to remain below 2 per cent over the next few years and is expecting the unemployment rate to hit 10 per cent in the coming months before ending 2020 at 7 per cent.

03.01.2022 Cash rate remains unchanged on this winters day. Both the Federal Government and Reserve Bank have introduced measures over the last few months to help the economy through this challenging period. This support is likely to be needed for the foreseeable future, in order to assist with the economic recovery, as mentioned in Governor Philip Lowe’s official statement: The Board is committed to do what it can to support jobs, incomes and businesses and to make sure that Australia... is well placed for the recovery. Its actions are keeping funding costs low and supporting the supply of credit to households and businesses. This accommodative approach will be maintained as long as it is required. The Board will not increase the cash rate target until progress is being made towards full employment and it is confident that inflation will be sustainably within the 23 per cent target band. See more

02.01.2022 The government announced their HOMEBUILDER stimulus last night. We've put together answers to questions you may have about HOMEBUILDER:- AM I ELIGIBLE TO RECEIVE HOMEBUILDER? Yes, if you meet the criteria:-, ... 1. Construction of an Owner/Occupied property (not investment property) 2. Be within the income caps ie:-individual application $125,000 or couple combined income of $200,000 per annum. 3. Enter into a building contract between 4 June 2020 and 31 December 2020 to either: build a new home as a principal place of residence, where the property value (house and land) does not exceed $750,000; or substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 and $750,000, and where the value of your existing property (house and land) does not exceed $1.5 million; 4. Construction must commence within three months of the contract date. IS THERE A LIMIT TO HOW MANY PEOPLE CAN GET HOMEBUILDER? No. HomeBuilder is an uncapped, time-limited grant. I ALREADY OWN LAND BUT HAVEN’T SIGNED A CONTRACT TO BUILD A NEW HOUSE AM I STILL ELIGIBLE? Yes, if you meet the following criteria: 1. If you own a property (house and land), and knock the house down to rebuild this will be counted as a substantial renovation, and therefore subject to the renovation price range of $150,000 to $750,000 provided the total value (house and land) of the property does not exceed $1.5 million pre-renovation; 2. If you own vacant land before 4 June 2020, and then build, the total value of the land and new build cannot exceed $750,000; or 3. If you buy the land after announcement, and then build, the total value of the land and build cannot exceed $750,000. For more information contact the DFS Team today.

01.01.2022 According to CoreLogic, "So far, the COVID-19 downturn has had a dramatic impact on agent activity and listings volumes in residential real estate. But the value of dwellings has been relatively resilient". "It is still likely that property values will fall amid the downturn. But the decline in momentum across property values has been mild relative to what has happened in market activity".

01.01.2022 "We know from research that less than one in four young Australians under the age of 25 have a basic level of financial understanding and literacy" according to Financial Basics Foundation Chair Brigid Leishman. Financial literacy absolutely is a critical life skill. Should 'Financial Literacy' be a standalone subject in high school?