First Home Buyer
Should I Buy A House Now Or Wait?
Here are some reasons first home buyers are hesitating to buy a house: Demand for property from home buyers and property investors is high. There is so much competition in the market. Recent figures indicate that investors are making a return to the property market. Australian...
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bookmarkTags: buy home 2021, Credit Score, First home Buyer, first home loan deposit scheme, Home Loan
Australians Anxious About Buying A Home
An online bank owned by NAB surveyed 1,031 Australians from 8 to 10 March 2021. The results from the survey revealed Australians want to buy a home, but they needed more information regarding home loans: 44% of non-homeowners are anxious about buying their first home. This...
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bookmarkTags: First home Buyer, investment property, Mortgage Broker
Will Housing Affordability Increase In 2022?
With a potential change in the current downsizer scheme, housing affordability could increase in 2022. The price of housing grew by 1.8% in just a month in April. The median national price of a dwelling rose from $624,997 to $636,23, which is six times higher than the average...
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bookmarkTags: budget 2022, Downsizer scheme, First home Buyer, Housing Affordability
The Goldilocks Zone – Where Millennials Are Buying Properties
Millennials are usually kept out of the property market when prices rise because it means they would need a bigger deposit. Since the pandemic has made remote working more common, many Millennials have found they no longer need to reside near Central Business Districts (CBDs)...
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bookmarkTags: First home Buyer, property affordability
HomeBuilder Applications Now Closed
The HomeBuilder grant application submission, which was extended until 14 April 2021, has now officially closed. Existing applicants have until 30 April 2023 to submit all supporting documents (such as invoices for work done, and proof that construction has started) to their...
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bookmarkTags: First home Buyer, HomeBuilder
Who’s Behind The Surge In Property Prices?
There have been many discussions lately around whether the Australian Prudential Regulation Authority (APRA) will introduce regulations to slow Australia’s rising property prices. The watchdog has argued that as the rising prices are being driven by first home buyers, not...
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bookmarkTags: Australian property market, First home Buyer, Property Market
Where, What And Who Is Using The FHLDS?
An interactive map-tool launched by the NHFIC lets first home-buyers see where people are buying their first homes, their ages, income, and deposit saved. The tool aids buyers make a better purchase decision. The NHFIC rolled out the First Home Loan Deposit Scheme (FHLDS) to...
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bookmarkTags: First home Buyer, first home buyer scheme, first home loan deposit scheme, first time home buyer
Budget 2020: Helping First Home Buyers & Infrastructure Development
The focus of the 2020 Federal budget is to help Australians get through the COVID-19 recession by boosting business and consumer confidence and growing the economy and creating jobs. Here’s what Federal Treasurer, Josh Frydenberg announced for the 2020 Federal Budget. 10,000...
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bookmarkTags: Australian Federal Budget, Budget 2020, First home Buyer, Property Investment
First Home Buyer Deposit Dilemma
70% of first home buyers have been forced to chip into the deposit funds they had saved towards fulfilling their home ownership dreams. This startling figure was revealed in a nationwide study conducted by Gateway Bank. The study surveyed 700 aspiring first home buyers in May...
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bookmarkTags: First home Buyer, first home buyer deposit, first home loan deposit scheme, No deposit Home Loan
$1 LMI For First Home Buyers
A non-major lender has announced that you’ll only need to pay $1 in Lenders Mortgage Insurance (LMI) if you’re borrowing 85% of the property value. The $1 LMI offer for first home buyers offer is effective from 13 July 2020. One of the pain points for a first home buyer...
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bookmarkTags: First home Buyer, Lenders Mortgage Insurance
