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…
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…
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…