Housing

Home Loan

Settlement

Interest

Comparison rates

The loan with the lowest interest rate isn’t always the cheapest option. When researching products offered by different providers, you can use the respective comparison rates as a more accurate indication of loan cost than you would otherwise get by only comparing interest rates. This can help you decide which option might suit your needs.

For instance, a loan with a low interest rate but high fees and charges may have a higher comparison rate than a loan with a higher interest rate but low fees and charges. Note that comparison rates only apply to loans with a fixed term, not lines of credit such as flexi loans, as there are too many variables.

Offset Account

Redraw

Let’s say you’ve made a habit of paying more than your minimum scheduled home loan repayments. This means you’ll have money available to take back out – if you want to.

This process is known as redraw. You can use this money to pay for sudden expenses, or planned things such as:

  • holidays
  • renovations
  • school fees
  • a new car

Keep in mind there are times when redraw might not be available.

For example:

  • if you have a fixed rate loan, redraw is only available at the end of the fixed rate period (i.e. when the rate becomes variable)

  • you can’t access redraw for construction loans or Defence Home Owners Loan.

Home Loan - Calculators

Tax

Stamp Duty

Land Tax

Individual Income Tax

Negative Gearing

Capital Gain Tax

Property

Section 32

Investment

  • Resources

  • Example 1

    买第二套房，refianace 和贷款问题 (opens in a new tab)

    Q: 现有自住房一套，PI+ offset， 价值 33 万左右，剩余贷款 5 万左右（offset 里面放有 15 万）。 刚看上一套房，52 万，请教如何做 refinance? 夫妻年收入税前在 16 万左右， 有一孩。 咨询了 broker,broker 回答贷款能力完全没问题，取决于我们想贷多少， 买房小白，我大概需要贷多少？哪一套做投资房比较好？

    A: 把第一套和第二套一起作抵押，这样你总共可以贷到 （33 + 52） x 80% = 68 万。减去你目前的 20 万贷款，你还可以贷 48 万。如果你第二套房是投资房，可以把第二套的贷款做成 54 万 （房款+印花税），目前自住房贷款额做成 14 万，这样你的投资房能得到最大的负扣税的好处。

    方法很简单，你可以直接让你的 broker 这么操作。 把你的自住房 refinance 和你的新房绑定在一起做成一个新房 104%房价的贷款额，目前投资方利率好的是 Westpac PI 3.88% 绑定在一起就需要 2 套房同一时间交割了，所以尽早把 discharge form 填写好，以免来不及。

Environment

Climate Change

Bushfire

Flooding

Resources

HTTPEnterprise Application Architecture