3 Ways First Home Buyers Can Get into the Property Market Sooner Owning a home is a key goal for many first home buyers. To get there sooner, consider the Bank of Mum and Dad, State Government assistance, or co-buying with family or friends. Bank of Mum and Dad In the past 20 years,…
Is Selling Off-Market Right For You? Navigating the property market can be a daunting experience, especially for first-time homebuyers. Between the endless open houses, bidding wars and sleepless nights, the dream of owning your home can quickly turn into a stressful nightmare. But what if there’s a lesser-known route that has the potential to save…
5 Things to Think About Before Becoming a Guarantor Many aspiring first home buyers have a hard time saving a big enough deposit to buy a first home in Australia. One way around this problem is to get financial support from their parents, who can act as a guarantor for their home loan. If you’d…
Could Climate Change Impact House Prices In Australia? It’s not hard to imagine how far reaching the effects of global warming are on our natural environment. Just consider for a moment some of the recent extreme weather events here in Australia: from heat waves and droughts to flash flooding and bush fires, Australia has certainly…
The Role of a Conveyancer When Buying or Selling Property Buying or selling property in Australia can be a complex process, involving a number of financial and administrative transactions. To help reduce some of this complexity, most property buyers and sellers enlist the services of a conveyancer, a licensed professional with experience in real estate…
Are You Being Penalised For Sticking With Your Lender, paying lazy tax? From electricity bills to phone plans, car insurance through to home loans, sticking with the same provider year after year could mean you’re paying “lazy tax”. Lazy tax is the penalty many consumers and homeowners are paying as a result of being complacent,…
Why Australians’ Borrowing Power May Soon Get a Boost To ease cost of living pressures, the Australian government announced tax cuts for 13.6 million taxpayers and rebates for households. While beneficial, these cuts may impact borrowing power and create opportunities for first home buyers. A Boost from the Budget Treasurer Jim Chalmers announced…
Getting Home Loan Ready in 2024 When buying property in Australia, prospective home buyers face several challenges. While some may be struggling to save a big enough deposit, others are restricted by affordability in the event of rising interest rates and a higher cost of living. For most, economic uncertainty and tighter lending conditions have…
Understanding Borrowing Capacity Before house hunting, knowing how much you can borrow from your lender is beneficial. Your borrowing capacity is the amount a lender will lend you to buy a property. It sounds simple but it’s not. All kinds of factors determine the amount a lender comes up with, and your loan amount can…
Get a Real Pre-Approval in 4 Simple Steps Having a home loan pre-approval before house hunting puts you in the best position to buy a property. It signals to sellers that you are serious and ready to move. Additionally, it improves your bargaining power and is crucial if you want to bid on a property.…