If you have been thinking about building a new home or carrying out an extension or renovation, now might be the time to meet with me and work through your options.
The Federal Government's new $680 million HomeBuilder program announced on 4 June 2020 makes available $25,000 grants to help build or substantially renovate your home.
On top of this, the West Australian Government unveiled a $117 million Building Bonus scheme to provide homebuyers who build new houses with a $20,000 grant.
How does the federal government's HomeBuilder scheme work?*
How does the WA government's Building Bonus scheme work?*
We are here to help.
If you're a first home buyer, there are a range of first home buyer and state government grants, stamp duty concessions and rebates as well as the federal First Home Loan Deposit Scheme and First Home Super Saver Scheme that are available and work in conjunction with both the HomeBuilder and Building Bonus packages.
If you would like to discuss how you could take advantage of these programs, either for an extension or renovation on your existing home or to build a new home, please feel free to get in contact.
The cash rate decision for June has been announced by the RBA with the rate unchanged at 0.25%.
The Bank withstood calls for further reductions, with some commentators suggesting negative interest rates remain a future possibility.
Whilst the RBA will be mindful of concerns around the rising value of the Australian dollar and its impact on exports, reductions in property prices and uncertainty around employment post JobKeeper, it stuck by its view that a rate of .25% is an appropriate floor.
If the COVID-19 crisis is affecting your financial situation, please get in touch so we can formulate a plan to manage your loan repayments during these unprecedented times.
With lenders currently offering very competitive rates, we can help review your situation to ensure you have the right loan for your circumstances.
If you'd like to chat about the best way to manage your mortgage as the COVID-19 crisis continues to unfold, please don't hesitate to give us a call.