Fraser Jeffrey Finance Pty Ltd in Wangaratta, Victoria | Consultation agency

Fraser Jeffrey Finance Pty Ltd

Locality: Wangaratta, Victoria

Phone: +61 1300 133 820

Address: 37 Aminya Road 3678 Wangaratta, VIC, Australia

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

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18.01.2022 Further details regarding the new 10,000 places released under the First Home Loan Deposit New Home Guarantee scheme have now been released. Last week, the federal government handed down the 2020-21 budget, outlining a swathe of tax cuts, concessions and payments to help encourage spending and rebuild the economy following the impacts of the COVID-19 pandemic and its associated recession. Among the measures announced by Treasurer Josh Frydenberg was the commitment to make ava...ilable an additional 10,000 places under the popular First Home Loan Deposit Scheme (FHLDS). This doubles the total amount of places originally made available this financial year to 20,000. The National Housing Finance and Investment Corporation (NHFIC) has now released further details of the additional spots. The additional 10,000 places form part of what is now being called the FHLDS New Home Guarantee (NHG) for new homes and newly built homes. The additional scheme allocations are available to first home buyers that are Australian citizens and at least 18 years old and wish to build a new dwelling or purchase a newly built dwelling with a deposit of between 5 and 20 per cent of the property’s value. According to the NHFIC, eligible properties include: newly constructed dwellings (e.g. whether a freestanding house, townhouse or apartment) off-the-plan dwellings (e.g. whether a freestanding house, townhouse or apartment) house and land packages land and a separate contract to build a new home. Like the original FHLDS, the New Home Guarantee is means tested. The FHLDS NHG is only available to first home buyers who have a taxable income of up to $125,000 per annum for the previous financial year (if applying as a single applicant) or a combined taxable income of up to $200,000 per annum (if applying as a couple). Investment properties are not eligible for the NHG. A revised set of property price caps also apply for eligible properties under the NHG. They are as follows: Region NHG property price cap NSW Capital City and Regional Centre $950,000 NSW Other $600,000 Vic Capital City and Regional Centre $850,000 Vic Other $550,000 Qld Capital City and Regional Centre $650,000 Qld Other $500,000 WA Capital City $550,000 WA Other $400,000 SA Capital City $550,000 SA Other $400,000 Tas Capital City $550,000 Tas Other $400,000 ACT $600,000 Northern Territory $550,000 Jervis Bay Territory & Norfolk Island $600,000 Christmas Island & Cocos (Keeling Island) $400,000

15.01.2022 According to the Australian National Accounts: Finance and Wealth, released by the Australian Bureau of Statistics (ABS), household wealth hit a new high in the three months to September 2020. Household wealth which comprises non-financial assets (such as land and dwellings), as well as financial assets (savings accounts, superannuation, shares etc) and liabilities (such as loans) increased by 1.7 per cent, or $186.8 billion, in the September quarter, reaching a new recor...d high of $11.4 trillion. Increases in residential assets (1.2 per cent), deposits (5.4 per cent) and superannuation balances (1.1 per cent) were the main contributors to the growth in household wealth. Average household wealth increased $6,850 (1.6 per cent) to $441,649 per person.

14.01.2022 Following the release of ANZ’s third quarter trading update (3Q20), CEO Shayne Elliott commented on the outlook for the broader market as it grapples with the fallout from the COVID-19 pandemic. Mr Elliott acknowledged the economic damage inflicted by social distancing restrictions aimed at curbing the spread of the virus, but said the crisis would breed new opportunities for innovation, pointing to periods of growth following previous downturns. [It’s] easy to get very focu...sed on the negatives, and the negatives are devastating for so many people. But the reality is that this is the history of change and particularly in the financial sector, he said. We go through these periods, sadly we go through them quite often, every seven to 10 years. We don’t always recognise it at the time and the last one of course was the GFC.

08.01.2022 From 1 January 2021, mortgage brokers will operate under an unrivalled Best Interests Duty when providing credit assistance to consumers, which provides yet another compelling reason to use a broker. This new legal duty will offer consumers the peace of mind of knowing that their mortgage broker is legally required to act in their best interests and put their interests first. We at Fraser Jeffrey Finance have always put our clients first and foremost. This will not change mov...ing forward into the next year. Give us a call to discuss your financial needs and let us help you fulfil your dreams.

05.01.2022 The federal government handed down the 2020-21 budget on Tuesday (6 October), outlining a swathe of tax cuts, concessions and payments to help encourage spending and rebuild the economy following the impacts of the COVID-19 pandemic and its associated recession. Among the measures announced by the Treasurer Josh Frydenberg was a swathe of support for small businesses, and the announcement that an additional 10,000 places will be made under the popular First Home Loan Deposit ...Scheme (FHLDS). Reserved for new homes and newly built homes, the additional scheme allocations will be available to eligible first home buyers that have a deposit of at least 5 per cent from 6 October 2020 to 30 June 2021. This doubles the total amount of places originally made available this financial year to 20,000. While details of the expanded scheme are expected to be released by the National Housing Finance and Investment Corporation (NHFIC) at the end of this week, many in the mortgage industry have welcomed the expansion of the scheme. Give Fraser Jeffrey Finance a call to discuss your financing needs and let us help you achieve your dreams.

03.01.2022 If you’re diligent about paying your bills on time and managing your finances, credit cards can be a helpful tool to make purchases, earn perks and rewards, and grow your credit history. Buy now, pay later services seem attractive, but miss any payments and the late fees can soon add up. Plus there is usually no credit check to make sure you can afford the debt you’re locking yourself into, so you can quickly find yourself in over your head if you aren’t careful. A recent r...eport by the Australian Securities and Investments Commission (ASIC) on the buy now, pay later industry found that one in five customers is missing payments on their arrangements. Moreover, the ASIC report found that a similar proportion of these customers had missed paying their mortgage or bills in order to pay a buy now, pay later provider. Be very careful when considering your financial obligations. If you have any doubt please call Fraser Jeffrey Finance to discuss your finances.