First Home Buyer

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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How COVID-19 Has Changed Australian Home Ownership Goals

personOtto Dargan access_timeJuly 13, 2020

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?

personOtto Dargan access_timeJune 4, 2020

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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NAB Guarantor Home Loan Withdrawn

personOtto Dargan access_timeJune 2, 2020

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?

personOtto Dargan access_timeMarch 10, 2020

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

personOtto Dargan access_timeFebruary 12, 2020

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

personOtto Dargan access_timeOctober 22, 2019

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!

personOtto Dargan access_timeJuly 8, 2019

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?

personOtto Dargan access_timeMay 16, 2019

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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