With interest rates tipped to rise as the RBA begins to return the cash rate to a more normal level, homeowners are wondering what the best way to handle this new environment might be.Many borrowers would never have faced a cash rate rise, given the RBA hasn’t hiked rates in over a decade. Fortunately, there are…
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One of the most common new year’s resolutions is to try and save money. One of the easiest ways to save money is to take a look at your home loan and find some creative ways to cut down on your repayments. Fortunately, there are a number of different things you can do with your home…
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While it’s true that you do need some money to buy a property, there are several ways you can still get into the property market with little money down. Guarantor Loan As house prices have increased dramatically over the past decade, more and more people are turning to their parents/guardians to help them get into a…
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The government will increase the maximum amount of voluntary contributions that can be released under the First Home Super Saver Scheme from $30,000 to $50,000.From 1 July 2022, eligible individuals will be able to release up to $50,000 (currently $30,000) under the scheme to assist with the purchase of their first home. Voluntary contributions made from…
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From 1 July 2021, the Family Home Guarantee will support divorced or separated parents with dependent children by enabling them to purchase a home sooner with a deposit of as little as 2%.The government will guarantee up to a maximum of 18% of the property purchase price, allowing the applicant to get a loan without paying…
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With the property market red hot, it’s vital that you are able to act fast when the time comes. The best way to do this is to have your finance already organised. Here are some important tips to speed things up: Start Saving – If you’ve got a sizeable deposit, your choice of lenders and home…
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Buying a home can be a daunting task, and for most people, it is the biggest financial decision they will ever make. For that reason, it is important to understand the steps involved in buying a home and what to expect at each stage. 1- Pre-ApprovalGetting pre-approval is not only one of the most important parts…
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Let’s be honest, saving for a house deposit can be challenging when you have to pay rent and sometimes ‘life happens’. So can you still achieve your dream of home ownership without having a full deposit? Yes, there are options available. First Home Loan Deposit Scheme This is a Federal Government initiative that is available to…
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The second round of the First Home Loan Deposit Scheme re-opened on 1st July 2020 with another 10,000 places available.Please get in touch as soon as possible, if you want to apply for this grant as spots in the scheme will fill up quickly as they did in the first round. To be eligible, buyers must…
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The HomeBuilder Scheme introduced by the federal government is a one-off $25,000 payment to help build or substantially renovate a home. To be eligible: You must be an owner-occupier so you must live in the property you intend to apply for the grant for. You must be over the age of 18 You must be an…
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