The Australian economy isn’t the only thing that has been shut down in 2020. So too has migration to Australia. The impacts of COVID-19 has seen our borders shut to overseas arrivals and with these migrants ceasing to arrive, what will the flow on effects be to the Australian housing construction … [Read more...] about Will the 2020 COVID-19 collapse in migration cause a collapse in housing construction?
If saving for a deposit and associated costs to enter the property market is out of your reach, then maybe becoming involved in a property syndicate could be your first step to get on the property ladder. Property syndicates were popular towards the end of last century but went out of fashion as … [Read more...] about Are Property Syndicates the right move to get on the property ladder?
As seen in The deposit bond provider has attributed a substantial year-on-year growth in revenue to brokers increasingly processing deposit bonds online, among other factors. Deposit Power had reported an increase of 44 per cent year-on-year growth in revenue since September 2019, as … [Read more...] about Deposit Power posts 44% year-on-year growth
We’ve all seen the ads – luxury properties in idyllic locations, it’s so easy to dream of escaping once or twice a year. But there are many pitfalls that may lead it being an indulgent folly. That’s not to say there are some advantages in buying property overseas. Affording the opportunity to … [Read more...] about Buying Property Overseas – do the hazards outweigh the upside?
In June 2020, the Morrison government launched the HomeBuilders Scheme for buyers of newly constructed dwellings. Since then, we continue to receive many enquiries from customers wanting to buy a house and land package. The most common questions we get are “How much does it really cost to build a … [Read more...] about How much does it really cost to build a house?
Here’s why property investors should buy owner occupier properties. It never ceases to amaze me when I see property investors buy properties they wouldn’t live in themselves or at least buy for their children to live in. You know the type - matchbox size and shape, poor natural lighting and a … [Read more...] about Why Property Investors Should Buy Owner Occupier Properties
And the answer is NOT a Pandemic The curve’s been flattened and now with less than one in forty thousand people in Australia infected, the focus is on restarting the economy. In Australia, there are several industries that will be key to ensuring our recovery is quicker and stronger as we seek … [Read more...] about What does 2020 have in common with 1890? Yes, 1890!!
One thing is for sure, now that the world economy has entered a recession and Australia will soon follow suit, the low interest rate environment is here to stay for at least the next three years. We deem low interest rates to be a standard variable rate of 5% or less. With such rates currently … [Read more...] about With interest rates at historic lows, can the RBA help the recovery?
Once a referral is submitted, Deposit Power will contact the customer directly to facilitate the Deposit Guarantee.