Here are recent home loan market developments to keep you updated.

Self Managed Super Fund lending update

Another one bites the dust with the Westpac group announcing that they will stop lending in the SMSF space. The bank advised that SMSF lending will be no longer available from 31st July 2018 to the Westpac brand which also includes St. George, Bank SA, and Bank of Melbourne.

Read more

Changes to the Stamp Duty laws mean that investors will no longer receive discounts on Stamp Duty.

The Victorian Government has recently announced changes to stamp duty. Under the current law, all investors purchasing off the plan properties benefit from stamp duty discounts. However, this will no longer be the case under the new legislation.

Read more

It’s good news for Queensland – growth prospects are more secure and this has been recognised by Moody’s and S&P’s recently reaffirmed credit ratings for the state and now Deloitte Access Economics latest report shows the outlook is that Queensland will be setting the pace for the rest of the nation when it comes to economic growth. Queensland’s rate of growth will outpace the national average; outpace NSW and Victoria; and move well ahead of WA.

“That shows how the Palaszczuk Government’s economic plan is working to stimulate investment, support business, and create jobs now and for the future,” says Treasurer Curtis Pitt.

Read more

HOW MUCH DO YOU NEED TO RETIRE?

Different people will have different needs depending on the lifestyle they expect in retirement, however, figures released by the Association of Superannuation Funds of Australia (ASFA) can help you to plan.

Read more

But I know Sydney…

This is one of the statements we hear most often at Calla Property when we first talk to clients about property investment.

Clients often feel that they know the city and even suburb they live in or have invested in in the past. Usually this is because they’ve done quite well, either through good timing or holding the property for long enough.  Often this is reason enough for the client to want to invest in the same area again.

Read more

New or Old? What is the better investment?

Many of our clients want to know whether it’s better to buy an old property – or second hand property or a new property.

Read more

Last week the Calla Property Team went to Brisbane for the week.  We met with property clients as part of our due diligence and are very pleased to report that we have some more fantastic investment stock for our clients. We visited a number of sites and show rooms ranging from small boutique developments of 20 apartments to full master planned, beautifully landscaped, amenity rich developments.  I am very excited to be able to offer this new stock to our valuable clients.

Read more