Conveyancing Blog

2 min read

RBA has decided to cut the cash rate by 15 basis points to 0.10%

By Conveyancing Blogger - Sydney Conveyancing - Fixed Price Conveyancing in Sydney & across NSW by Licensed Conveyancers. Call 02 6989 4656. on Nov 4, 2020 3:51:08 PM

At its November Board meeting, the RBA has decided to cut the cash rate by 15 basis points to 0.10%. The decision was part of a package of changes, which also included:

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Reserve Bank of Australia keeps Interest rates on hold again

By Conveyancing Blogger - Sydney Conveyancing - Fixed Price Conveyancing in Sydney & across NSW by Licensed Conveyancers. Call 02 6989 4656. on Sep 2, 2020 4:00:10 PM

The RBA’s decision to hold the cash rate at 0.25 per cent means interest rates on loans will remain stable, which will help many households and businesses manage their cash flow.

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NSW Stamp duty calculator - Sydney Conveyancing

By Conveyancing Blogger - Sydney Conveyancing - Fixed Price Conveyancing in Sydney & across NSW by Licensed Conveyancers. Call 02 6989 4656. on Jul 28, 2020 3:19:52 PM

Wonder how much stamp duty you'll pay on a property?

 

If you are first time buyer and/or buying a house as a primary residence you might be eligible for a concession on the stamp duty. Generally, if you're a foreign resident then you need to pay extra 8%.
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1 min read

Bushfire Impact on Property Price

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Jul 13, 2020 5:45:12 PM

Property price can fluctuate with impact of Bushfire in any given area.

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1 min read

What is the difference between chattel and fixture?

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Jul 7, 2020 1:18:25 PM

Chattels

An object that can be removed without damage to the property or it doesn't require a tool to be removed. If it is easy to disconnect for example a refrigerator or a stove that is connected by only  a power cord, then it is likely to be chattel.

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1 min read

Government supporting First Home Buyers

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Jul 7, 2020 10:22:09 AM

NSW Government has developed a brand new package to help and improve affordability of housing.

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2 min read

Home builder grant of $25,000

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Jul 3, 2020 12:59:49 PM

The Federal Government has unveiled its HomeBuilder package,home owners to apply for a tax-free grant of $25,000 if they are spending between $150,000 and $750,000 renovating a home or building a new home — but the eligibility criteria are reasonably tight.

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2 min read

No Festive Interest Rate Cheer

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Dec 3, 2019 5:43:06 PM

As expected by the majority of commentators, the RBA today decided to leave the cash rate at its current record low of 0.75%, this despite many economists pushing for yet another cut, as weak consumer spending and stagnant wage growth continues to keep a lid on business investment, jobs numbers, and inflation. In stark contrast to these economic indicators, the national property index experienced its biggest jump in 16 years over the past month.

In his announcement today, Reserve Bank Governor Philip Lowe stated –


The outlook for the global economy remains reasonable. While the risks are still tilted to the downside, some of these risks have lessened recently.

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After a soft patch in the second half of last year, the Australian economy appears to have reached a gentle turning point. The central scenario is for growth to pick up gradually to around 3 per cent in 2021.

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There are further signs of a turnaround in established housing markets. This is especially so in Sydney and Melbourne, but prices in some other markets have also increased recently. In contrast, new dwelling activity is still declining and growth in housing credit remains low.


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The easing of monetary policy this year is supporting employment and income growth in Australia and a return of inflation to the medium-term target range. The lower cash rate has put downward pressure on the exchange rate, which is supporting activity across a range of industries.

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Given these effects of lower interest rates and the long and variable lags in the transmission of monetary policy, the Board decided to hold the cash rate steady at this meeting while it continues to monitor developments, including in the labour market. The Board also agreed that due to both global and domestic factors, it was reasonable to expect that an extended period of low interest rates will be required in Australia to reach full employment and achieve the inflation target. The Board is prepared to ease monetary policy further if needed to support sustainable growth in the economy, full employment and the achievement of the inflation target over time.




To read the full statement, go to https://www.rba.gov.au/media-releases/2019/mr-19-33.html

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The Reserve Bank of Australia (RBA) decided to leave the cash rate unchanged at the record low of 0.75%.

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Nov 6, 2019 9:55:57 AM

Three cuts have been made since June 2019, but with signs pressure on the economy is easing, the RBA decided to keep the cash rate stable. With a stronger than expected inflation figure of 1.7% for the 12 months to September, the pressure was off to cut interest rates.

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1 min read

First Home Owners Deposit Scheme: Are you a first home buyer?

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Nov 4, 2019 3:04:39 PM

Details have been released on how the government is assisting first home buyers to purchase their first property.

 

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