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Edward Taffa

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25.01.2022 Property in the 70s was just three times the average Australian income now its approaching 14 times. Most first home buyers cant imagine being able to purchase a house for less than the minimum deposit required these days. There are currently a number of grants/schemes available to assist you with getting into the property market in NSW, these include: 1. Stamp Duty Exemption/Concessions ... 2. 5% First Home Loan Deposit Scheme (FHLDS) and LMI Waiver. 3. $10,000 First Home Owner Grant (FHOG) 4. $25,000 Homebuilder Grant 5. First Home Super Saver Scheme (FHSSS) The longer you wait, the more expensive it gets! #shorefinancial #mortgagebroker #propertymarket

25.01.2022 In the wake of the coronavirus pandemic, the Australian government has made it a priority to help keep people afloat during these uncertain times. While generally these programs are a win win for everyone, there have been some repercussions that people arent necessarily aware of. In our latest article we see how both claiming JobKeeper and Early Access to Super could be impacting your home loan application. Link below bio for full article.... https://lnkd.in/gPb-pzx #shorefinancial #mortgagebroker #jobkeeper #earlysuper

25.01.2022 Looking to buy your first home but not sure what you can afford? See the graph below to give you an understanding of the minimum requirements. Contact me direct for further serviceability.

23.01.2022 With the number of government schemes/grants available for first home buyers theres no better time to buy. First home buyers can save up to $80,000 depending on their state and if they can get in early enough. Dont waste time renting when you can buy. See the summary of grants available per state of purchase:

21.01.2022 Weekend Auction Markets End September on A Positive Note - Even Melbourne? Weekend home auction markets continue to provide positive results for most sellers with solid clearance rates from healthy listings. And Sydney continues to strengthen with strong results from high listings... Even the Melbourne market reported a lift in listings this weekend despite continued tight restrictions - a glimmer of light at the end of the tunnel? #auctions #auctionresults #houseprices #housingmarket @Dr Andrew Wilson

21.01.2022 The economics team at Westpac have released an update on their housing market forecasts today, with an expected 5% drop in housing values from peak to trough (revised from earlier expectations of a 10% drop). By June next year they are expecting Melbourne #property values to be down 12% and only a 5% drop across Sydney (as we predicted when the pandemic started) and a 2% fall for Brisbane, while Perth is forecast to be flat and Adelaide up 2%. Longer term, they are forecast...ing a sustained upswing with national housing values expected to rise 15% over the following two year period, as per the graph below. Brisbane (+20%) and Perth (+18%) stand out for the highest forecast capital gains over this period - quite different to the most recent growth cycles where Sydney and Melbourne have dominated capital gains. These forecasts look sensible to me, acknowledging there will be some areas of higher risk such as the inner city high-rise unit markets of Melbourne and Sydney. Persistently low #interestrates, ongoing federal and state government incentives and improving economic conditions will be the key support mechanisms for housing markets to achieve the forecast. Source: Tim Lawless from CoreLogic Australia

21.01.2022 Good news for Australia’s economy! Australia’s economy will grow significantly faster in 2021 than previously expected, according to new forecasts from the International Monetary Fund. The IMF now expects Australia’s economy to expand 4.5% this year, up from its previous forecast (issued in January) of 3.5%.... Growth of 2.8% is forecast for 2022. The IMF said the Australian economy continues to show a strong recovery momentum. It added that a favourable labour market recovery continues to support a strong rebound in private consumption, added by wealth effects from rising house prices. Australia’s economy went backwards by 1.1% in 2020. #economy #jobs #money

20.01.2022 Have you heard of Bridging Finance before? See below on how it works. #bridgingfinance #houseprices #auctions #finance https://www.youtube.com/watch?v=O5-li0YlAoY

19.01.2022 Latest capital city home auction results from yesterday. Sydney rising & Melbourne steady #auctionresults #auctions #houseprices #housingmarket... @drandrewwilson

19.01.2022 Why rent when you can buy? Never in history have interest rates been this low. Lenders are offering fixed & variable rates for owner occupied and investment loans well under 3%. For many first home buyers, purchasing a property is cheaper than renting and with the new 5% FHLDS, you can get into the property market without paying LMI.... #shorefinancial #mortgagebroker #interestrates

18.01.2022 The RBA has held the cash rate at 0.25% for the month of August. Many banks have now granted temporary repayment relief to those impacted financially by COVID-19. APRA has released data indicating that as of the end of June, $274B worth of loans are on hold, this number is still on the incline. Housing loans make up the majority with $195B deferred being 11% of the total $1.8T, however, small business loans have a higher incidence of repayment deferral with 17 per cent or $5...5B of the $321B total. @shorefinancial

18.01.2022 Winter Weekend Home Auction Markets End on a High - Almost Everywhere Another robust result for Sydneys home auction market this weekend with the clear prospect emerging of a solid spring selling season ahead. Other capitals also continue to produce encouraging results for most sellers and from higher auction numbers - although the Melbourne market clearly continues to struggle with ongoing shutdown constraints... #auctionresults #auctions #housingmarket #houseprices @drandrewwilson

18.01.2022 Latest Saturday Auction Results Reveal Strengthening Spring Markets - Listings and Clearance Rates Up. Forget Melbourne Results - For Now #auctions #auctionresults @drandrewwilson

17.01.2022 Some welcomed changes here: Property Finance Australia

16.01.2022 Banks offer extension on mortgage deferrals for another four months. https://amp.abc.net.au/article/12432114

16.01.2022 As part of the NSW Budget for 2020-21, the government is to launch a public consultation to seek the community’s view on stamp duty reform, proposing an annual property tax instead. NSW Treasurer Dominic Perrottret said the current stamp duty system was centuries old and in need of an overhaul to give NSW residents a modern tax system. The reform could potentially be set in motion in the second half of 2021 after seeking community feedback. #shorefinancial #mortgagebrokers #australianeconomy #finance #stampduty

15.01.2022 Overseas buyers/expats keen on Aussie real estate! Overseas search activity on realestate.com.au is at an all-time high. Year-on-year search activity increased in five of the six leading countries:... * UK = up 64% * New Zealand = up 62% * Singapore = up 37% * USA = up 30% * Hong Kong = up 13% * China = down 10% There was a 27% annual increase in overseas searches on the ‘buy’ section of the website and a 10% increase on the ‘rent’ section. The top five searched regions (in order) were Gold Coast, Sydney CBD, Melbourne CBD, greater Brisbane and Perth CBD & inner suburbs. #property #realestate #housing #expatslife #propertyinvestment

14.01.2022 This could be a game changer for many https://www.theadviser.com.au//40684-rba-backs-move-to-axe

14.01.2022 Everything you need to know about the Homebuilder scheme https://shorefinancial.com.au/shore-financial-101-the-home/

13.01.2022 Auction results from yesterday #houseprices #auctions #finance @Dr Andrew Wilson

12.01.2022 Consumer confidence recovered this week with a gain of 1.7% as the weather improved along the east coast of Australia, following the havoc wreaked by heavy rain falls and floods. Confidence rose sharply in Queensland, with a game of 10.5% in Brisbane, and 6.7% in the rest of the state. Obviously sentiment in Queensland will be tested by the current lockdowns. Consumer Confidence is now slightly above the 2021 weekly average of 110.6 but is a huge 47pts higher than the record ...low recorded the same week a year ago, March 28/29, 2020 (65.3). The Consumer Confidence result from a year ago was a record low of 65.3pts as heavy restrictions rolled out around Australia in response to the onset of the COVID-19 pandemic. This week’s increase has been largely driven by increasing confidence about personal financial positions in the next 12 months. #melbournepropertymarket #investmentproperty #realestateagent #propertymarketupdate #propertymarketing #propertydevelopment #australianpropertymarkets See more

11.01.2022 The RBA has held the cash rate at 0.10% for the month of April. We have seen lenders raise their interest rates due to funding costs, CBA was the first to move their fixed rates with their 4 year being raised by 20bps. The Age released an article earlier last month outlining how some economists believe homeowners could face higher mortgage rates later this year by predicting the RBA to increase the cash rate, to help ease property prices. ... However governor Philip Lowe shortly after confirmed rate increases are unlikely until 2024. #shorefinancial #mortgagebroker #cashrate #propertfin

11.01.2022 Tuesday Night Learnings - Using Equity to Purchase a Property https://www.youtube.com/watch?v=NTe9-VgpqHU #houseprices #auctions #property #realestate #finance

11.01.2022 Commonwealth Bank Head of Australian Economics, Gareth Aird, updated the #banks housing market forecasts today, revising their expectations for the peak to trough fall through the current cycle from a 10% drop nationally to 6%, with an expectation of the market bottoming out in Q1 next year. The update noted the fall in dwelling prices had so far been smaller than originally anticipated back in April, but the variation between capitals has been larger than expected. The new f...orecasts show national housing prices are expected to stabilise after Q1 next year before a 'solid recovery' trend through the second half of next year. Record low #mortgage rates are expected to be the main driver of the recovery, and are also a key factor in insulating housing prices from larger falls through the downturn so far. As with any forecasts at the moment, CBA notes the risks associated with further virus outbreaks. "Any imposition of restrictions would likely see prices fall more than our central scenario which is based on no further lockdowns and a recovery in national economic activity from Q4 2020." @Property Finance Australia

11.01.2022 Weekend Auction Markets Still Turning Over Nicely Yes Melbourne Too Home auction markets continued to produce solid results for most sellers this weekend. And the Melbourne market again performed solidly despite the severe coronavirus lockdown conditions now in force - although listings were predictably low #auctionresults #auctions #auction #houseprices #housingmarket @drandrewwilson

10.01.2022 Reserve Bank of Australia rate cut will see you get less money back on your #savings. Last week the RBA lowered the country's official cash rate to a fresh historic low of 0.1%. While the cash rate is just a benchmark, it sets the precedent for the #interestrates that the #banks go on to offer everyday Australian consumers. A lot of the focus often ends up on how this impacts people's home loan repayments. And right now, if you have a stable salary, the interest repayments ...on your home loan have probably never been more manageable. But every action has a reaction. One way for the banks to balance out the books is to lower the deposit rate. That is the rate that determines how much money a financial institution gives you for putting money in one of their accounts. You will likely know it as the little sweetener that appears on your monthly statement. In the past 6 months, the big four and independent banks have been slashing their deposit rates. In October alone, price comparison website RateCity.com.au found 50 banks cut deposit rates. When it came to the majors, NAB was offering a slightly better rate than the others until last week, when it lowered its rate for the fourth time since March. Independent small banks have generally been more competitive.

10.01.2022 Auction Markets Commence August Positively Despite Challenging Economic Environment Weekend auction markets continue to provide solid results for most sellers with Melbourne bouncing back this weekend despite the constraints of the current stay-at-home policies. Sydney is maintaining its robust winter results despite listings remaining significantly higher than the same time last year - driven by the emergence of the online hybrid private sale-auction marketing model, also re...sponsible for continuing high levels of withdrawals #auctions #auctionresults #auction #houseprices #housingmarket @drandrewwilson

08.01.2022 Lower Interest Rates Fuel Strong Weekend Auction Markets Weekend auction markets have commenced November with a bang as already rising buyer confidence is fuelled by this weeks cut in official interest rates now passed on by banks to customers. Sydney’s auction clearance rates continue to hover just under 80% with the reviving Melbourne market producing more robust results for sellers generally despite another surge in auction numbers. ... #auctionresults #auctions #interestrates See more

06.01.2022 Interesting article- responsibility back on the consumer and hopefully increases the flow of money from the bank to consumers. https://www.afr.com//responsible-lending-laws-to-be-axed-2

06.01.2022 Key takeaways: 1. There will be a temporary axe stamp duty on new homes under $800,000 for first home buyers 2. The threshold for stamp duty being charged on new homes for first home buyers will increase from the current $650,000 to $800,000, with the concession reducing on higher values before phasing out at $1 million... 3. Stamp duty threshold on vacant land will also rise from $350,000 to $400,000 & will phase out at $500,000 4. The change only applies to newly-built homes & vacant land, not to existing homes, & will last for 12-months, starting on August 1. 5. NSW will also continue to offer a $10,000 first homeowner grant, which is available to people buying a new first home worth no more than $600,000, or buying land & building a new first home worth no more than $750,000 https://www.smh.com.au//stamp-duty-paused-for-nsw-first-ho

06.01.2022 More Top Spring Auction Results This Weekend for Sellers Generally Weekend auction markets have generally reported more strong results for most sellers with the spring selling season now unquestionably building up a head of steam naturally assisted by lower mortgage interest rates. #auctions #auctionresults #houseprices # #housingmarket

06.01.2022 RECORD LOW INTEREST RATES !!! We now have access to historical low owner occupied interest rates plus cashback bonuses when refinancing. Get in touch!... #shorefinancial #mortgagebroker #interestrate #historicallow

05.01.2022 Want to stop paying someone elses mortgage? Let me help you, with the current very low interest rates and the opportunities to purchase property and a fair valuation means that right now is a great time if you are renting and thinking of buying a property to live in. #realestate #mortgage #homeownership #homebuying #shorefinancial

05.01.2022 Holiday Pause For Recovering Auction Markets But Clearance Rates Steady The onset of school holidays has reduced auction numbers this weekend that however have been climbing steadily over recent weeks. Clearance rates however remained steady overall and continue to provide most auction sellers with encouraging results.... #auctions #auctionresults #houseprices @drandrewwilson

04.01.2022 Let's put things into perspective - Residential real estate underpins Australia's wealth. There are 10.6 million dwellings in Australia with a total value of $7.6 trillion. On the other hand there's only $1.9 million worth of mortgage debt on all these dwellings - giving Australia's housing markets a loan to value ratio of around 25%.... Via Michael Yardney #realestate #propertydevelopment #propertymarketing #propertymarketingsolutions #investmentproperty #propertymarketsydney #brisbanepropertymarket

04.01.2022 Home Auction Markets Continued to Produce Encouraging Results for Most Sellers This Weekend. #auctions #auctionresults #houseprices #housingmarket @drandrewwilson

01.01.2022 Sydney clearance rates from yesterday, still very steady #auctionresults #auctions #sydneyproperty #sydneypropertymarket #sydneyrealestate @drandrewwilson