$500 Million Victorian Homebuyer Fund | Who Can Apply?

personOtto Dargan access_timeOctober 12, 2021

On 8 October, Premier Dan Andrews revealed a $500 million Victorian Homebuyer Fund (VHF) to help 3,000 aspiring home buyers purchase a property in the state. The biggest benefit of the scheme is that you can buy a home in Victoria with a deposit as low as 5%. The Victorian...

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Interest Rate Buffers Are Going Up, To Bring Debt Levels Down

personOtto Dargan access_timeOctober 11, 2021

The Australian Prudential Regulation Authority (APRA) announced that it will increase the interest rate buffers banks use to assess the serviceability of home loans from 2.5% to 3%. The higher buffer rate will be in place from the end of October 2021. It is applicable only...

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Housing Boom Slows As First Home Buyers Priced Out

personOtto Dargan access_timeOctober 8, 2021

CoreLogic data shows house values rose 1.5% in September 2021. They are 20.3% higher over the past 12 months. While housing values had been rising at their fastest pace since 1989, the monthly rate of growth is losing steam. The market’s growth rate peaked in March 2021,...

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Ballooning Housing Debt Prompts Talk Of Lending Restrictions From Regulators

personOtto Dargan access_timeOctober 5, 2021

The Australian housing market has an imminent crisis looming. Surging property prices, record-low interest rates and increased lending of high-debt home loans are likely to result in a housing bubble burst due to ballooning housing debt. The Australian Prudential Regulation...

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Banks Now Accept Self-Employed Salary As Income

personOtto Dargan access_timeSeptember 30, 2021

If you’re self-employed and you get a regular salary from your business, you can now use it as income to apply for a home loan. Before this change, most lenders required self-employed borrowers to provide at least 2 years’ worth of tax returns, financials and...

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How To Buy A House In A Hot Market

personOtto Dargan access_timeSeptember 29, 2021

The Australian housing market is a hotspot right now. Absorption rates are high, real-estate prices are soaring and inventory levels are low – all indicating a seller’s market. Plenty of buyers remain undeterred. Nearly 598,000 house and unit sales took place across Australia...

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Property Market Still Booming, Affordability Challenges Loom Larger

personOtto Dargan access_timeSeptember 6, 2021

Australia’s housing market is still on the rise, despite the lockdowns. However, the rate of growth is losing steam and August marked the lowest monthly rise in housing values since January. CoreLogic’s national home value index shows housing values grew 1.5% in August...

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Top First Home Buyer Tips And Advice From The Expert

personOtto Dargan access_timeAugust 30, 2021

When it comes to purchasing your first home, there are many things to consider and lots of decisions to make. It can be easy to overlook the most important parts of the process, so here are six first home buyer tips to keep in mind. Tip No. 1: Talk To Your Parents Getting...

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The 6 Biggest Mistakes First Time Home Buyers Make

personOtto Dargan access_timeAugust 26, 2021

Buying a home is one of the biggest purchases you will ever make. Yet, over and over again, we see first home buyers make the same mistakes along the way. We want to help you get it right. So, here are the six biggest mistakes many first time home buyers make and you should...

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59 Australian Suburbs Where Buying A House Is Cheaper Than Renting

personOtto Dargan access_timeAugust 24, 2021

Australian house prices have been rising at their fastest rate in 17 years, making houses more and more unaffordable for first home buyers. Prices increased by 18.4% over the last 12 months, and the Reserve Bank of Australia has estimated a further 17% rise to December 2021....

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