First Home Buyer
How COVID-19 Has Changed Australian Home Ownership Goals
Research conducted by Westpac and ING has revealed what Australians want in their next home, where they want to buy and how they have reignited their dreams of home ownership due to the pandemic. Recent research by Westpac revealed that COVID-19 restrictions have impacted what...
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What Is The HomeBuilder Grant?
What is the HomeBuilder grant? It is a $25,000 tax-free grant given to eligible owner-occupiers, including first home buyers. The grant can be used to: Build a new home Renovate an existing home The HomeBuilder grant is a federal scheme designed to help the Australian residential...
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bookmarkTags: Construction, construction loan, First home Buyer
NAB Guarantor Home Loan Withdrawn
Effective from 25 May 2020, NAB will not accept parents as guarantors on their home loans or investment loans. NAB will not be able to do no deposit home loans for first home buyers who want to use their parents on their home loan. It updated their guarantor lending policy to...
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How The First Home Loan Deposit Scheme Is Helping Millennials?
The Great Australian Dream is still alive for millennials in Australia, with 94% citing homeownership is important to them. A recent Genworth survey revealed that a majority of millennials want to buy a home as it provides them with stability and security. Unfortunately, for...
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The Ripple Effect: A Guide To Housing Price Growth
Have you ever noticed ripples over a pond? Much like those rippling waves, the growth in property price, too, tends to exhibit a wave-like pattern that flows from one location to the other over time, creating something like a ripple effect. It’s something that some property...
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5 Per Cent Deposit Scheme Passes Legislation
The 5% deposit scheme for first home buyers known as the First Home Loan Deposit Scheme passed legislation on 15 October 2019. The National Housing and Investment Corporation (NHFIC) Amendment Bill 2019 was introduced to the House of Representatives on 12 September and the Senate...
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Buying A Home Just Got Easier!
There hasn’t been a better time for first home buyers to buy their first home since the housing values peaked in 2017. We’ve listed the most important factors which makes it the right time for first home buyers to finally enter the property market. Lower house prices...
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News: Is ScoMo’s First Home Buyer Scheme Any Good?
The Government has announced a new first home buyer scheme just days out from the Federal Election. So how does it stack up in improving housing affordability? How it works If you have saved at least 5% of the property value as a deposit, the Government will guarantee up to 15%...
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bookmarkTags: Deposit, First home Buyer, Government
Interest Rate Specials – April 2019
April 2019 interest rate specials This month, some of our lenders have announced some exceptional interest rate discounts. Home loan: From 3.55% (comparison rate 3.67%) – conditions apply. 5 years fixed: From 3.79% (comparison rate 3.80%). Investment loan: From 3.89% (comparison...
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Top 10 Biggest Home Buyer FAILS
Not having a deposit or a guarantor Not having any savings of your own to put towards the purchase is mistake number one. As a minimum, you should have at least 5% deposit of the property value which you’ve saved through regular deposits into a savings account over a period...
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