These days, it’s not easy to break into the property market. That’s especially true for young and first-time homebuyers who encounter several obstacles, especially amidst rising inflation and interest rates. But don’t fret because there are ways to make homeownership more accessible and affordable. One of which is shared equity. The Australian shared equity scheme […]
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You might find the traditional path to homeownership challenging, especially with rising property prices in desirable areas. Plus, it usually takes an average Australian over five years to save for a home loan deposit for a median-priced residential property. Enter rentvesting—a strategic approach for getting a foot on the property ladder without compromising your lifestyle.
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When taking out a home loan, you might focus too much on comparing rates and terms. We’re here to remind you to explore different home loan features before signing the dotted line. Two popular options that can help you save on interest and pay off your mortgage faster are redraw facilities & offset accounts. But
Redraw vs Offset: Which Should You Choose for Your Home Loan? Read More »
Have you heard of the First Home Guarantee scheme? Did you know its eligibility has expanded to include more aspiring homeowners who previously faced barriers to entry into the property market? Today, let’s talk about the expanded First Home Guarantee eligibility to help you know whether you can maximise this scheme. A Refresher: What Is
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As a first-time home buyer in Australia, one of the biggest hurdles you’ll face is coming up with a substantial deposit. Traditionally, lenders have required a deposit of at least 20% of the property’s value, but what if you could secure your dream home with just a 5% deposit? That is possible through the First
The First-Home Buyers 5% Home Loan Deposit Scheme Explained Read More »
Are you searching for a one-bedroom apartment close to the city or planning to a big house with a garden in one of the best Tasmanian suburbs? Either way, it pays to know the upfront costs of buying a house apart from the home loan deposit. These costs may include government taxes and other associated
What Are the Upfront Costs of Buying a Home? Read More »
Although owning your first property is incredibly exciting, it can also be complicated, time-consuming and a bit stressful. So, today, we’ll make your home-buying experience less confusing, smoother and more convenient. Here’s our ultimate first-home buyer checklist to help you know what to do and expect at every step. 1. Budget for Deposit & Other
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When you’re in the market for a new home, you’re bound to face several challenges—from overlooking loan comparisons to underestimating additional upfront costs and avoiding other common home loan mistakes. You might also be tempted to go directly to a bank, but there’s a compelling case for choosing a local mortgage broker instead. Today, we’ll
The Advantages of Engaging a Local Mortgage Broker Read More »
You already know what you want for your first home. You even have nailed down the specifics—from the location or suburb to the number of rooms you want. The only problem left is the deposit. Like most Australians, you probably have a difficult time saving enough for the optimal home loan deposit amount. In Tasmania,
Can First-Home Buyers Use Their Super for a Deposit? Read More »
It’s no secret that buying your first home comes with certain challenges, especially when you need to pay for a substantial deposit. However, if you’re looking to buy in regional Australia, the Regional First Home Buyer Guarantee (RFHBG) could be the helping hand you need. Today, we’ll provide a quick guide to help you understand
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