Are Investment Loans Back In Favour?
A couple of months back, we talked about how lenders are requiring borrowers to provide more details around their living expenses and are less likely to offer interest only loans. The good news is that the Australian Prudential Regulation Authority (APRA) recently suggested...
Read morefolderCategory: Investment Loans
bookmarkTags: Investment, Investors, News
Is Your Builder Legit?
What every home builder should know It’s easy to get swept up in flashy pamphlets and portfolios that building companies market to would-be buyers. After all, you’re building your dream home. However, there are a few simple steps you should take when choosing...
Read morefolderCategory: Construction Loans
bookmarkTags: building, Construction, construction loan
Major Deposit Bond Provider Collapses
Avoid missing out on buying a property One of Australia’s largest deposit bond providers, Deposit Power, collapsed in March, leaving many borrowers in property purchase limbo. There is no telling how much of the original deposit guarantee will be paid to homebuyers...
Read morefolderCategory: No Deposit Home Loans
Genuine Savings Changes Huge Win For Home Buyers
One of the biggest barriers to buying a home is saving the deposit but recent changes to lending policies means it’s now easier to get a home loan if you don’t have genuine savings. That’s because Genworth, Australia’s largest Lenders Mortgage Insurance...
Read morefolderCategory: No Deposit Home Loans
bookmarkTags: Deposit, First home Buyer, genuine savings, no genuine savings
NAB Moves Closer To Comprehensive Credit Reporting
Borrowers will soon feel the power of positive credit reporting The National Australia Bank (NAB) is the first major Australian bank to begin using comprehensive credit reporting (CCR) but not just yet for home loan applications. Its system will be implemented for personal...
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bookmarkTags: Credit Checks, Credit Score, Home Loan
What Borrowers Need To Know In 2018
The crash hasn’t happened but it’s not all smooth sailing Despite the media hype fueling the fear, all signs are pointing to a soft landing for Sydney and Melbourne real estate and other capital cities look set to follow. That’s great news for Australian homeowners...
Read morefolderCategory: Home Loan Articles
bookmarkTags: Home, Home Loan, Predictions, Property Investment
First Home Super Saver Scheme Passes Senate
The First Home Super Saver Scheme (FHSSS) yesterday passed the Australian senate, allowing first home buyers to boost their deposit saving by up to $30,000 or $60,000 for couples. From 1 July 2018, the scheme will allow you to withdraw voluntary super contributions (capped)...
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bookmarkTags: first home, First home Buyer, First Home Owners Grant, Home
Even Homeowners Think House Prices Are “unfair”
More than ever, Australians are relying solely on future home prices for their financial stability and, in a surprise twist, property owners say they would benefit from lower house prices. That’s according to an ME Bank survey, which showed that 43 percent of respondents...
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bookmarkTags: first home, First home Buyer, Predictions, Property Investment
Funny Street Names Answer To Affordable Housing?
Are you a first home buyer trying to crack the real estate market? A study by a group of high school girls may have cracked the answer to affordable housing: find the streets with the silliest names and you could save up to $140,000. You’ll get teased butt save a fortune Let’s...
Read morefolderCategory: Property Types
bookmarkTags: first home, First home Buyer, Home, News, Property Investment
Mum And Dad Have Lent $65b To Their Kids
Around 30% of first home buyers using the “Bank of Mum and Dad” Outside of the top 4 banks, your mum and dad are the biggest lenders in Australia. It’s true! According to a new survey from comparison website Mozo, more parents than ever are helping their...
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bookmarkTags: Deposit, First home Buyer, Home Loan, No deposit Home Loan
