The Insider’s Guide to Understanding Auctions Are you getting ready to step into the fast-paced world of property auctions in Australia? Whether you’re a first home buyer or a seasoned homeowner, the competitive nature of auctions can be daunting for many. Understanding the auction process can be the key to unlocking a dream property. In…
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…
Understanding Your Home Loan There’s a lot to think about when buying a home. From saving a deposit, to getting pre-approval, house hunting to sale and purchase agreements, building inspections through to settlement. But one of the most important parts of buying a home is choosing the right home loan. With so many products and…
The Importance of Pre-Approvals in the Aussie Real Estate Market In real estate, securing your dream home or investment property swiftly is crucial. The ability to make a quick offer can determine success or missing out in this competitive market. One powerful tool that can provide a significant advantage in the property market is a…
What’s Your Credit Score? Credit scores indicate how you manage your money and repay your debt, based on personal and financial information in your credit record. When you apply for credit or a loan, lenders use credit scores to determine whether to approve your application or to lend you money. Additionally, knowing your credit score…
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…
Savings Tips For First Home Buyers Every first-home buyer faces the challenge of saving for a deposit that seems out of reach. The harder you try to save, the more distant your goal may appear. But, if you ever want to have a place to call your own, you’ll need to start saving. Here are…
Are You Saving More and Spending Less? The financial impact brought by the pandemic lingered for many individuals and households. Some people maintained the cautious approach to spending and saving that they adopted during the height of the pandemic in 2020 and beyond. The lessons learned during the pandemic about the importance of emergency savings…
3 Things That Could Impact Your Credit Score Lenders use your credit score to determine your lender-ability and to decide what interest rate you’ll be charged. A good credit score could mean the difference in thousands of dollars spent or saved, so it’s an important factor in your financial life. Here are some of the…