Finance Solutions.
First Home Buyers.
Buying your first home is such an exciting time. It can sometimes also be stressful & overwhelming.
Financewest can help you understand everything you need to know about the buying or building process to be comfortable, so you can enjoy this special step in your life. Let us guide you as to the best way to help you into your own home and maximise all the government incentives you are entitled to.
You can even start with as little as a 2% deposit.
Please find below some information below to get you started, or contact your Financewest experts for some more specific help.
SO WHAT GOVERNMENT INCENTIVES ARE AVAILABLE?
The First Home Guarantee (FHBG) – Guaranteeing eligible first home buyers to buy their first home sooner with a deposit as little as 5%. This is for homes up to a maximum value of $600,000 in metro WA
The Regional First Home Buyer Guarantee (RFHBG) - Guaranteeing eligible first home buyers to buy their first home sooner with a deposit as little as 5%. For homes up to a maximum value of $450,000 in regional WA.
The Family Home Guarantee (FHG) – to support eligible single parents with at least one dependent child to buy a home, with a deposit as little as 2%. You do not have to be a First Home Buyer to be eligible. For homes up to a maximum value of $600,000 in metro WA, or $450,000 in regional WA.
WHAT ARE THE BENEFITS OF THE FIRST HOME OWNERS GRANT?
In addition to the national incentives noted above, you may also be eligible for the FHOG.
$10,000 grant for First Home Buyers who are building a new home. Note this also includes completed homes from builders that have never been lived in.
Stamp Duty exemptions are also available depending on the property:
Established home less than $430,000 = Nil Stamp Duty (save $14,430)
Established home between $430,000 - $530,000 = tiered discounts
Vacant land less than $300,000 = Nil Stamp Duty (save $8,835)
AM I ELIGIBLE FOR THE FIRST HOME OWNERS GRANT?
Are you an individual who is over 18 years of age?
Have you (and your spouse) ever owned property before in Australia?
Are you an Australian citizen or permanent resident?
Do you plan on living in this house for at least 6 months in the first year of purchasing?
If you meet the above criteria, there is a good chance you qualify.
Contact Financewest to find out more and discuss your specific situation.
Home Loans
WE CAN HELP GET THE BEST DEAL FOR YOU AND SAVE YOU TIME.
Buying a home is one of the biggest decisions most people make in their lifetime. With such an important purchase, you need to be making an informed decision about what is available, and what best suits your needs – not just considering what your current bank has available.
At Financewest we have access to up to 35 lenders, each with different facilities, features and lending criteria. Some will lend more than others, some are more competitive on price, and some will approve much quicker. We even have lenders who are more willing to help if your circumstances are difficult.
When you let Financewest help you through this maze, we will make sure we understand what is important to you. We consider what your circumstances and your goals are in both the short and long term, as well as the little things that you may not have even thought of yet. We can then help narrow these options to find the facility that best meets your needs at the most competitive price possible.
Importantly, as we deal with lenders daily, we are able to get you the sharpest rates possible, because we create competition for your lending and are aware of all the specials and offers available in the market.
So whether you want a new home, your dream home or to refinance your existing loan to get a better deal, Financewest can help.
Investment Loans.
Property has always been a favourite investment for Australians looking to build their wealth. It is generally considered to be more stable than the stock market and provides greater returns than what you get from bank interest.
With the right advice, property investment can provide tax advantages by negative gearing your income to reduce tax, and has the potential for significant capital growth. However, property investment can be a costly process if not done well. You could be paying much more than you need to, diminishing any eventual profits.
This is where Financewest can help. With access to over 35 lenders, our finance experts will find the most competitive investment loan options available and guide you through the maze that is the loan process.
Recent changes to the way most banks view, assess and price investment loans, means there has never been more reason to have a Financewest finance expert help you navigate your options, or to review your existing facilities to get the best deal for you – not your bank.
At Financewest we have the added benefit of having access to Accountants and Financial Planners in the group that can help ensure your investment plans and tax structure are set up correctly to maximise your return, reach your goals and ensure you are compliant.
Call us today to find out how we can help you fund your next investment property and build your wealth.
Call us today to find out how we can help you fund your next investment property and build your wealth.
SMSF Loans.
Self-Managed Superannuation Funds (SMSF) have been able to borrow for property investment under some complex and strict regulations. Despite these complexities, there are significant financial benefits to buying property in your SMSF which can eventually include:
Generating tax free rental income
Zero capital gains on the sale of the asset
Protection of assets by having it inside your SMSF.
Organising finance in a SMSF is however complex, highly regulated and has many conditions as to what properties are eligible.
Additionally, many lenders have changed or removed their policies on SMSF loans, and it’s imperative you deal with a broker who is aware of these changes and offers to find you the right solutions.
Contact Financewest to see how we can help you invest in property inside your SMSF.
Business Finance.
If you have a business, there are two related points that are imperative to your success:
1) Ensuring you have the capital needed for your business to grow, so you can focus your time strategically on the business, not being in the business.
2) Having a finance relationship with someone who understands your business, is contactable and will support you, ideally acting in your best interest – not your banks.
Financewest staff have over 20 years’ experience helping businesses in all industries. From small family businesses with overdrafts, to complex corporates with structured finance arrangements, Financewest can help.
Contact Financewest to find out more about how we can help your business with:
Working capital to manage cashflow
International trade
Cash-flow lending against your business
Invoice finance
Industry specialisations (health and professional Services)
Term debt
Commercial property
Vehicle and equipment finance
Financewest has the experience to add value to your business, and help you reach your goals. Call us to organise an obligation-free chat about how we could help you.
Commercial Property
Commercial property is often considered a good investment in that it historically has provided a stronger return and similar stability to investing in residential property, when compared to other asset classes such as investing in the share market.
Banks have some very different criteria for how they assess loans for commercial property. The structure of the loan is equally important in that the terms offered by different lenders are vastly different:
Interest rates and fees are obvious. However we also know which banks have the best deals or promotions at any specific time, and which banks are quicker than others when processing
Some banks will allow loan terms out to 25 years (normally 15)
The deposit or equity required is usually 35%. However, some lenders will be as low as 20%, and in some industries banks do not require a deposit at all.
Whether you are a business owner looking to secure some longevity over your premises, or perhaps a savvy investor looking for the right investment for your portfolio, contact Financewest for a free appointment to discuss your situation and how we can help you get the most competitive finance, using the best structure for your needs to maximise your return.
Agri Finance.
Farmers have unique needs compared to normal commercial clients. Having a finance partner you can trust, who knows your business and understands agriculture is important to be able to organise the finance needed to keep your farm operational, growing and successful.
Financewest is an award-winning finance resource for our clients. Drawing on almost 20 years of commercial lending experience, Financewest has a level of expertise in helping farmers that is second to none.
Regardless of whether you require some new equipment, or something more complex like additional farmland, or you need to refinance your lending to another bank (for example for succession planning), Financewest has the skills to help make the process easier and get you the most competitive deal possible.
Based in Burswood but utilising the existing network of our referral partners’ offices throughout WA, Financewest has the capacity to help with your finance needs no matter where you may be based.
Vehicles and Equipment.
Financing vehicles, equipment and other assets in your business is an effective way to free up your cash flow and often improve efficiency in your business.
At Financewest, we help our clients obtain the assets they need to grow and improve their business, and ensure our clients get a competitive rate by adding choice and competition to their existing banking.
We help our clients organise the best way to structure these assets, and have a panel of lenders who can assist with any asset required; cars, machinery, farming & earthmoving equipment, fit-outs and sometimes even IT and software.
Contact us today to find out more about how we can help you get the assets to improve your business.
