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TODAY is the FINAL DAY to receive the discount for your Gold Coast Property Rates Bill.

The DPF Team are always on the lookout for ways to save you $$$ 😊

Please remind your friends and family so they can save too.

Have a great day 😊

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The Reserve Bank Board has voted to make no changes to the Official Cash Rate despite recent quarterly financial reports evidencing a slight increase in inflation figures. The RBA believes the impact of previous rate increases are continuing to assist in the battle to reduce inflation and the RBA Board does not need to act at this time however, the RBA will continue to closely monitor inflation figures and are prepared to act if required.

The DPF Team wish all our valued clients a Happy New Financial Year and hope the year ahead is filled with good health and great prosperity for you and your family.

This is also a time when we remind you all to take a quick look at the current interest rates on your Home Loan or Investment Loan to see if your current interest rate is competitive, as it is common practice for many banks to sneak up the interest rates for their existing customers hoping they will not notice or ask for discounts.

Q: What currently is a low Variable Interest Rate ?

A: 5.99% p.a. – 6.10% p.a. … If your Home Loan does not have a 100% Offset Account

or

A: 6.14 – 6.25% p.a. … If your Home Loan has a 100% Offset Account

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Q: What can I do if I believe my interest rate may be too high ?

A: Simply send an email to david@dpfinance.com.au with the following information:

1. Current interest rate
2. Current loan balance
3. Estimated value of your home / investment property

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DPF Mortgage Specialists has been able to access the above-mentioned information through several banks and over the last 2 months, for clients who have loans with these banks, we have contacted your bank and requested reductions to your interest rates.

We are so pleased with the results we achieved on your behalf with the majority of these clients achieving significant savings each year and one lucky client saving over $9,800.00 per year on their Home Loan and Investment Loan.

Q: How much does this service cost ?

A: $Nil … This is all part of the ongoing service DPF Mortgage Specialists provides for our clients

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Other Good News to share …

• Stamp Duty is waived for First Home Buyers in Queensland if the Purchase Price is up to $700,000 (Note: Lesser discount available if Purchase Price $700,001 – $800,000)

• Lenders Mortgage Insurance can be waived for First Home Buyers if the Purchase Price is up to $700,000 which could save you up to $30,000 in set up costs (Note: Conditions apply)

• Increases in the value of your home or investment property can assist you to achieve lower interest rates

• Several banks are currently offering Fixed Interest Rates up to 1.20% p.a. lower than the vast majority of banks which could save you up to $6,000.00 per year on a $500,000 Home Loan / Investment Loan

• The DPF Team have assisted many of our clients who have fixed interest rates expiring to achieve low interest rates

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We are very proud to announce that, once again, DPF Mortgage Specialists have achieved a 100% Approval Strike Rate with every Home Loan Application approved in the 2023 – 2024 Financial Year 😊

If the DPF Team may be of assistance to you, your family or friends please do not hesitate to call or email as we are more than happy to help.

Wishing you and your family a Happy New Financial Year.

Premier Steven Miles has announced the 2024-25 State Budget will include new stamp duty discounts for first home buyers in Queensland.

The new stamp duty discounts are noted below:

Purchasing First Home / Duplex / Townhouse / Unit:

Q: How much will this save First Home Buyers ?

A: Up to $17,350.00

Q: When will this take effect ?

A: 9th June 2024

Below are the stamp duty discounts which apply to vacant land

Purchasing Vacant Land to Build Your First Home:

Q: How much will this save First Home Buyers ?

A: Up to $10,675.00

Q: When will this take effect ?

A: 9th June 2024

For more information click on CONTACT US are call our experiences Mortgage Specialists

Did you know that First Home Owners Grants differ from State to State ???

Below are the current First Home Owners Grants which are applicable for each state in Australia.

Following his final Board Meeting as RBA Governor, Philip Lowe has announced the Official Cash Rate will remain unchanged at 4.10% in September thanks to declining inflation figures, strong employment results and the economy operating at a high level of capacity utilization.

This is good news for Australian households 🙂

Good News …

The Reserve Bank Board has voted not to increase the Official Cash Rate this month. Home Owners across the country will be happy as this is the 2nd month in a row the RBA has retained rates at their current level and not increased our monthly loan repayments. Hopefully if inflation figures continue to fall the RBA will be able to continue to keep rates on hold.