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,…
First Home Buyer FAQs: Your Guide to Understanding Deposits If you’re a first home buyer ready to embark on your journey to home ownership, one important consideration is the size of your deposit. Not only does your deposit determine how much you could borrow, but it can also impact the interest rate and other fees…
Helping Your Kids Buy a Home With rising property costs in Australia, many parents are helping their adult children buy homes. The ‘Bank of Mum and Dad’ is now one of Australia’s largest mortgage lenders. Here are a few ways parents can assist. Guarantor Loans A common way parents help their kids buy a first…
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…
Should You Buy Property With Friends? Co-buying property with family or friends in Australia can boost purchasing power and address affordability challenges for first-time buyers. However, it can lead to legal issues and strained relationships. Follow these 3 tips to avoid pitfalls and make co-buying successful. Tip 1: Choose your co-buyer carefully When co-buying with…
Buying a Home with Family A combination of rising property prices and stricter lending criteria has made it harder than ever to buy a home or an investment property. As a result, many buyers are pooling their resources and buying property with family. As with any contract however, it’s important you go in with your…
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…
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…
How to Avoid Paying Lenders’ Mortgage Insurance When buying your first home every cost saving counts. But if you’re struggling to save a large enough deposit, there’s a good chance you’ll have to pay Lenders’ Mortgage Insurance. Lenders’ Mortgage Insurance can be a sizeable cost, so it’s worthwhile finding out about it upfront and factoring…