Blog

July 01, 2020

Search Mortgages - Finance Update

Buyers taking advantage of early super access

Some buyers are using the $10,000 that they can access (per financial year) as a part of the early release of superannuation funds to put towards their home deposits, enabling them to avoid LMI or just qualify for a loan. 

Despite possible penalties, researchers have found that around 40% of those who took advantage of the early scheme were not substantially financially impacted by the COVID-19 outbreak.

 

What will happen when banks’ mortgage freeze ends?

There is...

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July 01, 2020

How to 'fake' a renovation in 7 steps

Many of us would love to live in a freshly renovated home. But did you know there are ways to overhaul your property without spending a lot of money, or knocking down walls?

Have you just bought the worst house on the best street? Or maybe you are waiting to save up for your dream renovation? Whatever your position, there are loads of pain-free methods to update, upgrade, and ultimately add value to your home – not to mention making it...

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July 01, 2020

DIY prep we are tempted to skip, but definitely shouldn't

At the risk of sounding like your Year 11 English teacher, a job well done is all in the preparation you put in. It was true back in high school and it is true of your next DIY job, too. 

 

Michael Duffy, former Blockhead, and expert on all things renovation, admits to being “one for rushing in, picking up the tools and thinking ‘oh I’ll just be careful’.” But that approach...

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June 01, 2020

Adelaide one of the most affordable cities to buy a house despite hefty stamp duty

 

South Australians could be coughing up the most for stamp duty when it comes to buying a house if the controversial tax is scrapped in the eastern states, new data reveals.

But even with the hefty upfront cost, a house in Adelaide would still be more affordable than one in Melbourne or Sydney.

In fact, it would still be cheaper to buy a house in Adelaide than Brisbane, Hobart and Canberra – all of which have higher median house prices but lower...

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June 01, 2020

Credit reports: How they affect your loan application

If you applied for a home loan in the current financial environment , your lender would probably assess your application in the context of both your credit score and your credit history – on top of your income, assets, liabilities and living expenses.

Your credit score is a number calculated by a credit-reporting agency, which compares you to other borrowers and categorises your credit risk profile. The higher your score, the lower your risk: i.e....

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May 01, 2020

Finance Update - Search Mortgages

Throughout April we found some potential buyers without recent pre-approval are unable to borrow from some lenders.  Lenders have further tightened their assessment around employment/income and what effect COVID-19 has on each applicant’s position.

From an operations perspective, since lenders currently do not require us to meet clients face to face, Search brokers have become Zoom experts. Every lender is allowing us to interview clients over the telephone and via video conferencing. In these circumstances, the client still needs to provide...

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May 01, 2020

Lockdown Workout!

Exercise with these household objects for a full-body workout during quarantine

5L of water: check. Wine bottles: check. What more do you need?

I think we can all agree that working out at home can be a struggle sometimes. Not only do endless distractions exist -- snacks, Tiger King on Netflix and your pet being the cutest quarantine animal ever -- but it's easy to fall into a creative rut when it comes to your workouts. 

If you didn't have time to run to a sporting goods store to pick...

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April 01, 2020

Coronavirus real estate: South Australia’s property market expected to prove resilient

The South Australian property market’s long history of stability will save it from dramatic price slides despite the coronavirus crisis deepening, according to real estate experts.

While it won’t escape the fallout, experts predict the market will stay resilient and ride out the economic chaos.

Chief economist at realestate.com.au Nerida Conisbee said SA, notably Adelaide, had never experienced the sharp rises and falls of other cities.

“We don’t see that high volatility in Adelaide,” she said.

“South Australia, I see, is a relatively stable...

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April 01, 2020

Eight home maintenance tasks to complete while housebound

It’s guaranteed that Australians will be spending a lot of time at home right now, so why not make your space look and feel as great as it possibly can?

Here are eight home maintenance and DIY tasks to tackle, now that you finally have the time.

Upgrade your doorknobs 

This is one of those small changes that makes a big impact. With just 10 minutes and a screwdriver, swap out old, boring doorknobs for something prettier. DIY guides online, like this one...

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April 01, 2020

Working from home: Tips for creating a work space and staying productive

If you’re used to waking up, listening to a podcast on your daily commute and then spending eight hours in an office working, then this week may have looked a little different for you.

Meetings have gone from the boardroom to webcam and your favourite colleague is now the family dog (who sleeps on the job all day). This is called working from home, and for many Australians who are fortunate to work remotely this is the new normal.

Textile and pattern...

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