Midas Finance in Southport, Queensland | Financial service

Midas Finance

Locality: Southport, Queensland

Address: 1/55 Nerang Street 4215 Southport, QLD, Australia

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

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• Financial service
• Loan service
• Mortgage brokers

25.01.2022 Great start Monday morning after seeing such an amazing review from a client. #midasfinance #mortgagebroker #mondaymotivation #nepalibroker #selfemployed

25.01.2022 The quality of the father can be seen in the goals, dreams and aspirations he sets not only for himself, but for this family. Happy Father's Day !!

25.01.2022 It was the bushfire and the flood ... and now the Corona Virus.... Fear about a global coronavirus pandemic are already taking their toll on world financial markets and are likely to impose significant economic costs on the Australian economy, should the crisis worsen. The interest may go down further tomorrow - what's your verdict ??

24.01.2022 It's a #RUOKDAY, a reminder that every day is a day to start a conversation that could change a life. Today, learn what to say after #RUOK so you can keep the conversation going when someone says they are not OK. Be the ear just to listen, be the hug just to comfort and be the love to help their heart. No matter how big or small please don't fight it alone #reachout

24.01.2022 More First Home Buyers Grant from the QLD Government - The Palaszczuk Government $106M first home owner grants and regional home building boost to re-affirm commitment to the $15,000 first home-owner grants program for any Queensland first home buyers purchasing a new home valued at less than $750,000; and provide an additional $5,000 grant for buyers of a new home (with the home being owner occupied and valued up to $750,000) in a regional location.

24.01.2022 Good news for NSW Buyers...

23.01.2022 rare ..out of cycle rate cut predicted today as rba is having a emergency meeting - watch this space..rare ..out of cycle rate cut predicted today as rba is having a emergency meeting - watch this space..

22.01.2022 Midas Finance Team is excited to join hands with RealHub Property Solutions and become a preferred mortgage broker partner. Watch this space ...

22.01.2022 Westpac has confirmed customers affected by the bushfire crisis will have their mortgages paid for an entire year. The bank is escalating attempts to assist communities directly impacted by the emergency.

20.01.2022 Case Study Example - Owner-occupier Cassidy decides to substantially renovate her home Cassidy enters into a contract to substantially renovate her home on 31 December 2020, with renovations valued at $400,000. The value of her home is $900,000 (this includes the value of the house and the land). Cassidy pays the builder $10,000 to commence renovation of her home on 2 February 2021. Cassidy then applies directly to her State or Territory revenue office to receive the $25,000... HomeBuilder grant. The revenue office conducts the eligibility checks and confirms that Cassidy owns the property, is an Australian citizen, over the age of 18, and has a taxable income under $125,000 based on her 2019-20 tax return. The revenue office also confirms the value of the renovations is between $150,000 and $750,000, and the value of her home is less than $1.5 million and Cassidy has made the first progress payment on the renovations. The revenue office approves the application. As Cassidy already owns her own home, she is not eligible for the First Home Owner Grant, the First Home Loan Deposit Scheme or the First Home Super Saver Scheme. Call me on 0433 261 767 if you want to know more... #midasfinance #mortgage #broker #update #firsthomebuyers #fhlds #homebuilder #homebuildergrant #goldcoast

20.01.2022 Do you have Afterpay , ZipPay or any other interest free store cards ? If yes - it does create some issues if not managed property, when you are applying for a loan. Check this news out !!

20.01.2022 If you've lost your job, been stood down or suddenly find your business without customers due to the coronavirus pandemic, you might be tackling Centrelink for the first time, or the first time in a long time. And you're not the only one...Some helpful tips to those in need..

19.01.2022 Most frequently asked question about the $25,000 homebuilder grant. When will the grant be paid? HomeBuilder is being implemented in partnership with States and Territories. For new builds, grants will be paid in line with the timing of payments for first home owner grants or at the discretion of your State and Territory if there is no first home owner grant schemes in place. For substantial renovations, grants will be paid once at least $150,000 of the contract price has be...en paid in respect of the renovation. How will my income be assessed? The income caps will be assessed against your taxable income and based on your 2018-19 Australian tax return (or 2019-20). HomeBuilder is subject to the following two income caps: $125,000 per annum for an individual applicant based on your 2018-19 taxable income or later; or $200,000 per annum for a couple based on both 2018-19 taxable income or later. My partner and I jointly own our home. I am an Australian citizen, but my partner is not. Can I apply even though the home is jointly owned? The Scheme is only open to Australian citizens. Eligible owner-occupier(s) must be listed on the propertys certificate of title, and they must meet the eligibility criteria of the program. Permanent residents are not eligible for the Scheme.

18.01.2022 Happy Friday. Office for the day !! #outandabout #MidasFinance #nepalibroker #selfemployed

17.01.2022 How the Economic Stimulus Package 2020 may benefit you: A one-off $750 stimulus payment to pensioners, social security, veteran and other income support recipie...nts and eligible concession card holders Boost Cash Flow for Employers by up to $25,000 with a minimum payment of $2,000 for eligible small and medium-sized businesses. The payment will provide cash flow support to businesses with a turnover of less than $50 million that employ staff, between 1 January 2020 and 30 June 2020. The payment will be tax free. Support small businesses to support the jobs of around 120,000 apprentices and trainees. Eligible employers can apply for a wage subsidy of 50 per cent of the apprentices or trainees wage for up to 9 months from 1 January 2020 to 30 September 2020 Increase the instant asset write off threshold from $30,000 to $150,000 and expand access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020 15-month investment incentive (through to 30 June 2021) to support business investment and economic growth over the short term, by accelerating depreciation deductions. Businesses with a turnover of less than $500 million will be able to deduct an additional 50 per cent of the asset cost in the year of purchase. You can ready the entire media release here - https://www.pm.gov.au/media/economic-stimulus-package

17.01.2022 There has been latest update about the HomeBuilder Grant. If you are contracting a licensed builder to build a new home to live in, you may be eligible for the HomeBuilder grant. The $25,000 grant is paid per home, and only once to an individual or couple. It is not available to investors who do not intend to live in the property or to owner-builders.... You must meet the eligibility criteria: Your comprehensive building contract is with a licensed builder. The contract is signed between 4 June 2020 and 31 December 2020. The value of your property (including the land) after construction is $750,000 (including GST) or less. Construction work (i.e. excavation and site preparation) for your new home must have commenced within 3 months of signing the contract. The foundations must have been laid and the first progress payment made to your builder When the grant is paid The grant is paid into your nominated bank account after all the supporting evidence is submitted, including evidence that the foundations have been laid and paid for under a progress payment. Feel to get in touch if you have any queries via: P: 0433 261 767 E: [email protected]

17.01.2022 May this year bring new happiness, new goals, new achievements and a lot of new inspirations on your life. Wishing you a year fully loaded with happiness.

16.01.2022 As expected ....

16.01.2022 From April 27, you'll be eligible to Centrelink Benefit if you're: * A permanent employee who has been stood down or sacked * A sole trader, self-employed, casual worker or contract worker who now earns less than $1,075 a fortnight as a result of the economic downturn... Read this to gain more insight.

15.01.2022 I have had multiple instances in the past whereby client has accessed their super and wants to use that towards the purchase of a property. There has been strict rules and guidelines by ATO in regards to this and if a borrower has access super without being eligible - they fail the CHARACTER test for home loan purpose. Have a read through this news - unsure ??... Call me to discuss further - 0433 261 767

15.01.2022 ***BREAKING NEWS *** RBA cuts interest rate to record low .. The coronavirus outbreak overseas is having a significant effect on the Australian economy at present, particularly in the education and travel sectors.... The uncertainty that it is creating is also likely to affect domestic spending. As a result, GDP growth in the March quarter is likely to be noticeably weaker than earlier expected

15.01.2022 More information in regards to the grant and as speculated there are few eligibility criteria .. awaiting government announcement to have more concrete details .. watch the space .(

15.01.2022 Lest we Forget !! We remember heroes and what they gave for our tomorrow....

14.01.2022 $50,000 "new home boost" for buyers of new housing .. awaiting more details from the Morrison Government. Reserve Bank warnings the housing sector faces an extended period of pain.

14.01.2022 Stamp Duty is set to be stamped out in a bid to stimulate the housing market. Big news for property investors and first home buyers ..

14.01.2022 Wishing you all Happy Holi (Festival of Colours) .. May your day be full of Joy, Sprinkled with Laughter and filled with colourful memories ... ... .. See more

13.01.2022 Such a satisfying feeling when you help your repeat clients help them with their dream home. Have been assisting them for the last 4 years from the purchase of their first home.

12.01.2022 From everyone at Midas Finance to all of our customers, family and friends, please be safe and enjoy a well-earned break over the Easter long weekend. Remember we are here to help you during this challenging period so do not hesitate to contact us.

12.01.2022 Case Study Example - Owner occupiers Jacqui and Henry decide to knock down and rebuild their existing home Jacqui and Henry enter into a building contract to knockdown and rebuild their existing home on 24 August 2020, with the knockdown and rebuild contract valued at $400,000. The value of the property is $800,000 (including the current value of the dwelling and land). The couple pay the builder $15,000 to commence the knockdown and rebuild on 14 September. Jacqui and Henry...s bank applies on the couples behalf to the relevant State or Territory revenue office to receive the HomeBuilder $25,000 grant. The revenue office conducts the eligibility checks and confirms that the couple own the property, are Australian citizens, over the age of 18, have a combined taxable income under $200,000 based on their 2018-19 tax return, and the value of their existing home and land pre-renovation is less than $1.5 million. The building contract is also within the HomeBuilder renovations price range (between $150,000 and $750,000) and the couple have made the first progress payment on the renovations. The revenue office approves the application. As Jacqui and Henry already own their own home, they are not eligible for the First Home Owner Grant, the First Home Loan Deposit Scheme or the First Home Super Saver Scheme. Call me on 0433 261 767 if you want to know more... #midasfinance #mortgage #broker #update #firsthomebuyers #fhlds #homebuilder #homebuildergrant #goldcoast

12.01.2022 Rumour has it ... There is a strong prediction of the interest rate cut the first Tuesday of November (Melbourne Cup). Cash rate prediction of 0.1%. What's your verdict ?

11.01.2022 Case Study Example - First home buyers Emma and Liam decide to purchase a house and land package Emma and Liam enter into a house and land contract for $550,000 on 25 September 2020. Emma and Liams bank applies on the couples behalf to the relevant State or Territory revenue office to receive the HomeBuilder $25,000 grant. The revenue office conducts the eligibility checks and reviews the couples documentation and confirms that both Emma and Liam are Australian citizens, ...over the age of 18, have a combined taxable income under $200,000 based on their 2018-19 tax return and the value of the contract is under the $750,000 contract price cap. As the couple are both first home buyers, Emma and Liam may also be entitled to their States First Home Owner Grant and stamp duty concessions as well as the Commonwealths First Home Loan Deposit Scheme and First Home Super Saver Scheme. Call me on 0433 261 767 if you want to know more... #midasfinance #mortgage #broker #update #firsthomebuyers #fhlds #homebuilder #homebuildergrant #goldcoast

10.01.2022 RBA predicts a potential 40 per cent drop in house prices - what do you think ??

09.01.2022 From the entire Midas Family Team we would like to wish you a merry Christmas and a happy new year and we look forward to working with you all again next year !!

08.01.2022 Watch this space !! The Morrison Government is today announcing additional measures to help more Australians own their home sooner as part of the 2021-22 Budget. Establish the Family Home Guarantee with 10,000 guarantees made available over four years to single parents with dependants. The Family Home Guarantee allows them to purchase a home sooner with a deposit of as little as two per cent;... Expand the New Home Guarantee for a second year, providing an additional 10,000 places in 2021-22. First home buyers seeking to build a new home or purchase a newly built home will be able to do so with a deposit of as little as five per cent; and Increase the maximum amount of voluntary contributions that can be released under the First Home Super Saver Scheme from $30,000 to $50,000.

08.01.2022 As predicted, Australia's official cash rate has plunged to 0.10 per cent, marking the lowest interest rates in the nation's history. Economists of the Reserve Bank of Australia (RBA) today decided to slash rates in a bid to stimulate the country's economy out of a COVID-19-driven recession.

08.01.2022 Be Alert, not Alarmed.. The Coronavirus (COVID-19) has become an international public health emergency, with the World Health Organisation declaring it a pa...ndemic on 11 March 2020, and many countries starting to close their borders. Australia is not far from following these guidelines, hoping that it does not come to that. With the cancellation of major events in Melbourne, and the growing level of fear and uncertainty within our community, its important to assure you that it is still business as usual at Midas Finance. We will continue to serve our valued clients and have taken precautionary measures such as working electronically (via emails), Skype, Zoom Meetings etc.. and when there is a need to work Face to Face, we will ensure all protective measures are taken. Whilst we have not yet been directly impacted by the virus, we have been continuing to closely monitor the situation. Please take professional advise to those who may think they are affected or have health concerns. We look forward to getting back to Business as Usual, meanwhile, take extreme care and do contact us for your Banking, Finance and Insurance needs. Midas Finance Team

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05.01.2022 Economists are increasingly predicting the Reserve Bank of Australia will slash the nation's official cash rate tomorrow in a bid to stimulate the economy. Most believe the RBA will drop the cash rate by 15 basis points to 0.10 per cent, marking the lowest official cash rate in Australian history. What is your verdict ?... #midasfinance #mortgagebroker #mond#selfemployed #nepalibroker #selfemployed

04.01.2022 Privileged to be one of the panel speaker at the Futurus Conference 2020..

03.01.2022 It’s Origin kind of day here at Midas #proudqueenslander #midasfinance #maroons #nepalibroker

02.01.2022 With almost no new migrants, households constrained by job insecurity, falling real wages and immobility between many states, housing demand has been hit hard. Australias governments are responding through discretionary policy aimed at stimulating building and construction industry.... Here is the snapshot of what stimulus is available in different state.

01.01.2022 Happy Mother's Day to all the beautiful mothers