Erskine Park is located 42 kilometres west of the Sydney CBD in the local government area of Penrith City Council. Currently the median sales price of houses in the area is $770,000, with 84.2% of homes being owner occupied.
Changes to debt repayment reporting that will affect your credit file in 2018
In 2018, new legislation will come into place about the information a lender is required to provide regarding your credit facilities and your ongoing debt repayments. This detailed information will be recorded on your credit file and can greatly affect your finances in the future.
With the average property price of a Sydney home being over one million dollars, saving a deposit large enough to purchase your first home is becoming near impossible. As a result, home loans with a parental guarantee are on the rise.
Consolidating debt with a home loan refinance can substantially reduce your monthly commitments and help you get your finances back on track. By refinancing to a low rate home loan and combining multiple small debts like credit cards, car loans and personal loans which come with high interest rates you can save thousands on monthly repayments.
Great news for first home buyers comes in the way of a comprehensive package announced by NSW Premier Gladys Berejiklian on Thursday 1st June. The package focuses on additional stamp duty relief for first home buyers, an increase in housing supply to improve affordability and reduced competition from investors.
Beach house on a budget, is there really such a thing? The holidays are over and it’s time to head back to the chaos of Sydney and back to work. A depressing thought for many of us as we dream of a quieter life by the sea.
Today the Reserve Bank of Australia announced they will be cutting the official cash rate by 25 basis points to a new historic low of 1.5 per cent.