EWM Finance in Oakleigh, Victoria | Mortgage brokers

EWM Finance

Locality: Oakleigh, Victoria

Phone: 95685444

Address: 63 Westminster Street 3166 Oakleigh, VIC, Australia

Website: http://www.ewmfinance.com.au

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25.01.2022 Latest Summary from Corelogic on National House Price Values. See below link for details: https://www.corelogic.com.au/n/augusthomevalueindexresults

25.01.2022 Melbourne Housing Market Update | October 2018 Watch the latest Housing Market Update for Melbourne. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of September, released October 2018. https://vimeo.com/294516418

25.01.2022 I know everyone is sick of hearing about Covid-19, but at least the information below is some good news for small business. The government announced two tempor...ary measures to support business investment as follows. Increasing the instant asset write-off. The instant asset write-off threshold is increased from $30,000 to $150,000 and access is expanded to include businesses with an aggregated annual turnover of less than $500m (up from $50m) from 12 March 2020 to 30 June 2020. Accelerating depreciation deductions. A 15-month investment incentive (from 12 March 2020 to 30 June 2021) to accelerate depreciation deductions. Businesses with a turnover of less than $500m will be able to deduct 50% of the cost of an eligible asset on installation, with existing depreciation (or capital allowance) rules applying to the balance of the asset’s cost. Please email me or call us on 03 95685444 if you have any questions

22.01.2022 Amendments to the Duties Act 2000 (VIC) in the form of the State Taxation Acts Amendment Act 2019 (VIC) is likely to have enormous ramifications for developers ...due to changes to the duty treatment of economic entitlements. Broadly, under the new amendments, developers may be obligated to pay enormous amounts of stamp duty to the State Revenue Office, even if they don’t technically own the land Prior to amendments, a developer could strike an agreement with a landowner to develop their land in return for agreed percentage of profits. This right is an economic entitlement. An agreement could also include the developer obtaining other economic entitlements such as reimbursement for development materials, payment of administration fees, marketing fees, etc. Under the old rules, this economic entitlement in land required payment of stamp duty when The land held an unencumbered value of $1 million or more, and; The land was held by a private unit trust or a private company, and; The economic entitlements acquired by the developer amounted to 50% or more of the capital derived from the land, for example from sale proceeds, rental profit, capital growth, or other economic entitlements. However, under the new rules, effective as of the 19th of June 2019, while the land must still hold an unencumbered value of $1 million or more, the landowner can be anyone, including discretionary trusts and individuals. Furthermore, any amount of acquired economic entitlement will trigger duty liability, which must be paid within 30 days of signing the agreement on the value of the land at the time of signing. For example, an economic entitlement of 10% of proceeds of sales will mean paying duty on 10% of the unencumbered value of the land. Perhaps even more concerning is a deeming provision, that states when a percentage of economic entitlement is not specified, or when a person is entitled to two or more different categories of economic entitlement (for example, a unspecified percentage of sales proceeds plus administrative costs), then the person is taken to have acquired an interest in the land of 100%, meaning stamp duty is payable on the whole value of the land. The extra duty for developer agreements also applies between two related parties. For example, a discretionary trust becomes the owner of a development site. A development agreement is put in place to undertake development between related entitles for reasons of asset protection, or to distribute profits to a related entity. While previously this was not subject to duty, now it is. The amount of duty payable is further affected by a phasing in of duty when the unencumbered value of the land does not exceed $2 million, however at the end of the day, developers will still find themselves forking over cash to the state revenue office for many arrangements that involve economic entitlements. Please contact us if you have any questions regarding this or other matters

21.01.2022 Comprehensive credit reporting and how it's changing your credit report From September 2018, the major banks and various credit providers will be putting additional information about the credit products you hold on your credit report. This will give a more complete picture of your credit history. The new information will include:... the type of credit products you have held in the last 2 years your usual repayment amount how often you make your repayments and if you make them by the due date. Please refer below link which will gives information: How is your credit score calculated? What does you credit rating mean? How to find out your credit score for free https://www.moneysmart.gov.au//borrowing-bas/credit-scores

21.01.2022 Refinance cash back offer Did you know that some banks will actually give you money to refinance your mortgage with them? You can benefit from the intense competition between banks by switching to a lender that has a competitive interest rate and a cash rebate. $2,000 rebate available for new home loan refinance applications submitted between 7 November 2018 to 31 December 2018 and settled by 28 February 2019 $250k min loan size. Please call us on 0403158688 to discover if you’re eligible for a $2,000 refinance rebate

21.01.2022 QBE Australian Housing Outlook 2018-2021 QBE have partnered with BIS Oxford Economics on a deep analysis of Australia’s residential housing market and its three-year outlook. Please follow below link to download the report !... https://www.qbe.com/lmi/housingoutlook

18.01.2022 https://www.corelogic.com.au//rents-across-australia-rise-

17.01.2022 Interest Rate Bulletin November 2018 At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth in China has slowed a little, with the authorities easing policy while continuing to pay close attention to the risks in the financial sector. Globally, inflation remains low, although it has increased ...due to both higher oil prices and some lift in wages growth. A further pick-up in inflation is expected given the tight labour markets and, in the United States, the sizeable fiscal stimulus. One ongoing uncertainty regarding the global outlook stems from the direction of international trade policy in the United States. For full reserve bank board statement see below link: http://www.ewmfinance.com.au//interest-rate-bulletin-nove/

16.01.2022 RBA keeps interest rates on hold at 1.5% for 25th month At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. For Full Statement by Philip Lowe, Reserve Bank Governor refer below link:... https://www.rba.gov.au/media-releases/2018/mr-18-21.html

14.01.2022 Changes in dwellings capital value - latest data from CoreLogic. See below attached link for full article. https://www.corelogic.com.au//how-have-dwelling-values-shi

12.01.2022 RBA rate cut Big 4 Lenders reducing mortgage rates CBA 0.25% NAB 0.25% ANZ 0.18%... Westpac 0.20%, Investment loans with IO 0.35% #finance #io #lenders #mortgagerates #investing #interestrates #investment #loans #realestate #ratecut

12.01.2022 Interest Rate Bulletin December 2018 At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing and unemployment rates in most advanced economies are low. There are, however, some signs of a slowdown in global trade, partly stemming from ongoing trade tensions. Growth in China has slowed a little, with the authorities easing policy while continuing to pay close attention to the risks in the financial ...sector. Globally, inflation remains low, although it has increased due to the earlier lift in oil prices and faster wages growth. A further pick-up in core inflation is expected given the tight labour markets and, in the United States, the sizeable fiscal stimulus. For full reserve board statement please refer to below link: http://www.ewmfinance.com.au//interest-rate-bulletin-dece/

05.01.2022 Interest Rate Bulletin 2nd October 2018 RBA Rate Unchanged At its meeting , the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth in China has slowed a little, with the authorities easing policy while continuing to pay close attention to the risks in the financial sector. Globally, inflation remains low, althoug...h it has increased due to both higher oil prices and some lift in wages growth. A further pick-up in inflation is expected given the tight labour markets, and in the United States, the sizeable fiscal stimulus. One ongoing uncertainty regarding the global outlook stems from the direction of international trade policy in the United States. For full reserve bank board statement please refer to below link: http://www.ewmfinance.com.au//interest-rate-bulletin-sept/

05.01.2022 Auction Activity Quieter Week-On Week With 2,614 Homes Taken to Auction Across the Combined Capital Please refer below link for the full article from Corelogic https://www.corelogic.com.au//auction-activity-quieter-wee

02.01.2022 Latest Housing Update . Interesting reading on how does the current housing decline compare to previous downturn cycles in Sydney and Melbourne. Refer to below attached link for full article. https://www.corelogic.com.au//how-does-housing-decline-com

01.01.2022 Big 4 Banks - Standard variable Interest rates at glance: ANZ CBA NAB Westpac Standard variable rate 5.36pc 5.37pc 5.24pc 5.38pc... http://www.abc.net.au//nab-keeps-mortgage-rates-o/10221080