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Mortgage brokers dominate home loan market, transform banks’ profit
As reported on ABC News, home loans continue to dominate the profits for banks but recently, the profit margins have been decreasing due to customers preference for mortgage brokers when finding a loan for their homes. Approximately 75 per cent of new home loans are now negotiated through mortgage brokers, continuing to disrupt the historical...
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WA State Budget: First home buyer stamp duty concessions overhauled
The WA Government will overhaul stamp duty concessions for first home buyers by increasing the transfer duty concession threshold for established homes from $530,000 to $600,000 and the exemption threshold from $430,000 to $450,000. At a cost of around $20 million, the stamp duty reforms are expected to benefit 5,000 first home buyers in Western...
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WA State budget 2024-2025: Funding boost for training
The WA government has allocated $195 million in its 2024-2025 State budget towards building the skilled workforce. Accessibility to training remains a priority for the government and in this respect, it has announced an $8 million top-up to continue the Fee Free TAFE initiative in 2025, which aims to upskill the workforce to meet skill...
