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As of 1st July 2016, the First Home Owner's Grant will be boosted to $20,000 (compared to the usual $15,000) for 12 months to assist anyone acquiring their new first home.

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The $510,000 sale of a one-bedroom home in Sydney is the first property transaction executed from exchange to settlement without a single piece of paper. The historic transaction saw a one-bedroom apartment in Dee Why sold to its new owners by Kreisson Lawyers property lawyer Claire Martin. Infotrack eContracts and eSigning platforms were used in the paperless transaction.

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Regular readers know we closely follow Bill Evans the Chief Economist at Westpac. We provide Bills latest comments on Australian Housing & rate forecasts extending to September 2017.

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Applicants must satisfy all conditions to be successful. They must be established in business for a minimum of 2 years. The maximum loan normally considered is $100,000.

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While speculation mounts the Reserve Bank of Australia (RBA) will announce a further cut to the official cash rate in coming months, borrowers have been warned their mortgages could soon come with higher interest rates.

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