First Home Buyer

Should I Buy A House Now Or Wait?

personOtto Dargan access_timeJune 23, 2021

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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Australians Anxious About Buying A Home

personOtto Dargan access_timeMay 31, 2021

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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Will Housing Affordability Increase In 2022?

personOtto Dargan access_timeMay 11, 2021

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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The Goldilocks Zone – Where Millennials Are Buying Properties

personOtto Dargan access_timeApril 26, 2021

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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HomeBuilder Applications Now Closed

personOtto Dargan access_timeApril 16, 2021

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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Who’s Behind The Surge In Property Prices?

personOtto Dargan access_timeMarch 30, 2021

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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Where, What And Who Is Using The FHLDS?

personOtto Dargan access_timeDecember 2, 2020

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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Budget 2020: Helping First Home Buyers & Infrastructure Development

personOtto Dargan access_timeOctober 8, 2020

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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First Home Buyer Deposit Dilemma

personOtto Dargan access_timeSeptember 4, 2020

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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$1 LMI For First Home Buyers

personOtto Dargan access_timeJuly 17, 2020

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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