Categories for Finance

2024-25 State Budget offers welcome support for first home buyers: REIWA

16/5/2024
Written by

2024-25 State Budget offers welcome support for first home buyers: REIWA 9 May 2024 “REIWA CEO Cath Hart welcomed measures to support housing supply announced in the Cook Government’s first budget today.” REIWA CEO Cath Hart welcomed measures to support housing supply announced in the Cook Government’s first budget today, especially increased thresholds for the First Home Owner Transfer Duty Concession. “While there is no silver bullet to addressing the challenges WA’s housing market faces, we welcome the fact the...

REIWA Announcement 2022 Contract (O&A) & JFGC

22/6/2022
Written by

Updates to the Joint Form and Offer and AcceptanceThe 2022 General Conditions and the new contract for the sale of land have been released today.The Offer and Acceptance has also been updated with a revised format that will be easier to use.The amended finance condition permits the buyer to apply for finance through a lender or a mortgage broker. The mortgage broker has the ability to provide notification of finance approval, non-approval or rejection.All forms that have referred to the...

Can a Deceased Joint Tenant Buyer Or (minor) under age of 18 – be e-settled within scope in WA?

16/1/2020
Written by

Question: Can a Minor, or Deceased Joint Tenant Buyer – be settled within an e-settlement scope in WA? A: You may know that the Client Authorisation Form (CAF) immediately ends upon the death of that client (except in South Australia -ref https://www.arnecc.gov.au/__data/assets/pdf_file/0012/698718/MPR-Guidance-Note-1-Client-Authorisation.pdf). Office of State Revenue (OSR) using Revenue-On-Line (ROL) might have an issue with an incompletely signed substituted buyer form. Unless the surviving Joint-Tenant is able to execute for the deceased and provide the Death certificate as evidence with...

Have you considered some Loan saving tips

7/8/2019
Written by

It’s been two months since the RBA started cutting rates, here’s what you should have done by now Lucy Dean Yahoo Finance 6 August 2019 It’s been nine weeks since the Reserve Bank of Australia began its campaign of rate cuts, and if you haven’t been making the most of it, you’re looking at thousands of dollars down the drain. The RBA cut rates by 0.25 per cent both in June and July, bringing the official interest rate to a record low...

Brokers Bracing For Shake-up

6/2/2019
Written by

Commissioner Kenneth Hayne has delivered recommendations from the royal commission into financial misconduct that could see consumers forced to pay upfront mortgage broker fees. The recommendations for the radical shake-up to the broking industry was not unexpected, in early 2017 The Australian Securities & Investments Commission (ASIC) conducted a “Review of mortgage broker remuneration”.READ MORE HERE These are the occasions when a peak body association has to advocate practical solutions that find a balance between its member’s interests and consumer expectations. The...