Insights
Welcome to the Ello Lending Co mortgage insights section! Here you will find valuable information and resources on the mortgage and related industries. From market news and trends to expert advice and success stories, we strive to provide valuable information to help you navigate the mortgage process and keep you informed. Whether you're a first-time home buyer looking to understand the process, or a seasoned homeowner looking to refinance, you're in the right place. Stay informed and make informed decisions by subscribing to our blog. Thanks for visiting!
Changes to the First Home Guarantee scheme announced by the government
the expansion of eligibility criteria for the First Home Guarantee Scheme will enable more Australians to access the housing market and secure their own place to call home. With the rising cost of living and ongoing housing affordability crisis, these changes are welcome news for many aspiring homeowners
Can I Buy Off-the-Plan With My Super?
Looking to buy a house and land package but don't have enough funds? You can use your superannuation to purchase a property through a Self-Managed Super Fund (SMSF). However, there are restrictions and risks involved in buying off-the-plan with your super, such as tax implications and market volatility. Seeking professional advice from a qualified mortgage broker, like Ello Lending, can help you make the right decisions and find the best home loan for your needs.
Can You Buy Off-the-Plan with SMSF?
Looking to invest in an off-the-plan property with your self-managed super fund (SMSF)? Learn about the rules and regulations that apply to SMSF investments for house and land package loans in Australia. At Ello Lending, our experienced team of mortgage brokers can help you navigate the complex process and get the best deal on your home loan. Contact us today to make your dream of owning an off-the-plan property a reality.
How to Avoid Stamp Duty When Buying a House in Victoria
To avoid the hefty cost of stamp duty when buying a house in Victoria, it's important to understand the different exemptions and concessions available, as well as other strategies to reduce the amount you have to pay. Ello Lending can help guide you through the process and find the best home loan for your needs. Contact us today to learn more.
Do You Pay Stamp Duty on House and Land Packages in Victoria?
Are you wondering if you need to pay stamp duty on house and land packages in Victoria? In this blog post, we’ll explain what stamp duty is, how it works in Victoria, and whether you need to pay it when buying a house and land package. Find out how much stamp duty you'll need to pay with the SRO calculator and learn about the concessions and exemptions available to help reduce your costs. At Ello Lending, our experienced mortgage brokers can help you find the right home loan and answer any questions you have about buying a property.
Do You Pay Stamp Duty on Off the Plan Property In Victoria?
If you're considering purchasing an off the plan property in Victoria, it's important to understand the associated costs, including stamp duty. Stamp duty is a tax imposed by the government on certain transactions, including the purchase of a property. In Victoria, the stamp duty rate for off the plan property is calculated based on the value of the land, building, and other improvements, as well as the type of property being purchased. It's essential to factor in all the associated costs, including stamp duty, legal fees, and conveyancing fees, to ensure that you're not caught out by any unexpected costs.
Who is Exempt from Paying Stamp Duty in Victoria?
If you're planning to buy a home in Victoria, you may be concerned about the cost of stamp duty. Fortunately, there are several exemptions available to certain types of buyers. First home buyers, people with disabilities, people moving to Victoria, and people buying a home to live in are all eligible for exemptions on stamp duty in Victoria. However, those who are buying a home for investment purposes are not exempt from stamp duty. At Ello Lending, we understand that buying a home can be overwhelming, and our experienced mortgage brokers can help guide you through the process and find the right home loan for your needs. Contact us today to learn more. If you want to know more about Off the Plan Purchase Finance, feel free to ask.
Buying a block of land and building later
Discover the financial benefits of buying a vacant block of land to build later. Learn about the differences between buying a developed block of land and buying off the plan or building a house from scratch. Explore the pros and cons of land finance and how it can help you get into the property market now.
Calculating The Capital Gains Tax For An Off the Plan Purchase
Calculating the capital gains tax for an off the plan purchase is a crucial step when buying a property, especially in Australia where the rates vary by state. Capital gains tax is calculated on the difference between the purchase price and the sale price of the property, and Ello Lending's experienced mortgage brokers can help you understand the implications of CGT for your off the plan purchase and find the best home loan for your needs.
How Much Is The Off the Plan Purchase Stamp Duty in NSW?
Discover the key factors that impact off the plan purchase stamp duty in NSW, including the property type, purchase price, location, contract date, and whether you are a first home buyer or investor. Learn how to budget accordingly and get the best home loan for your needs with the help of experienced mortgage brokers at Ello Lending. Contact us today to find out more.
Understanding Your Residential Off the Plan Purchase
Looking to buy a property before it's built? Read on to understand the benefits and risks of residential off the plan purchases in the Australian market. Learn how to find a reputable developer, get a copy of the contract, and secure a home loan pre-approval with the help of experienced mortgage brokers at Ello Lending.
Is Debt Consolidation Better Than Debt Settlement? A Comparison
In this blog post, we will compare debt consolidation and debt settlement to help you decide which option is best for you. Debt consolidation involves combining multiple debts into one loan to manage debt more easily, while debt settlement involves negotiating with creditors to reduce the amount of debt you owe. At Ello Lending, our experienced mortgage brokers can help you to compare these options and find the best home loan for your needs.
Are Capital Gains Based On Trade Date Or Settlement Date?
If you're new to investing and wondering whether capital gains are based on trade date or settlement date, the answer depends on the asset and market you're trading in. In Australia, capital gains are based on the settlement date, which is when the transaction is settled and the asset is transferred to the buyer. However, the settlement date may differ in other markets like the US, so it's important to be aware of the settlement date to calculate capital gains correctly. Contact Ello Lending's experienced mortgage brokers if you have any questions about investing or need help finding the best loan for your needs.
What Do You Need to Qualify for Debt Consolidation?
Debt consolidation is a popular way to manage and reduce debt in Australia. To qualify, you need a good credit score, steady income, and find a lender who can offer the best terms. Ello Lending can assist in finding the best loan for your situation and help you manage your debt. Contact us today to learn more.
Buying Off the Plan Pros and Cons
Considering buying off the plan in Australia? Learn about the pros and cons of this popular option before making a decision. From lower prices and stamp duty savings to delays and financing issues, this blog post covers everything you need to know. Contact Ello Lending for help finding the best loan for your circumstances.