It’s on! First home loan deposit schemes open for applications
If you’d like to buy your first home with just a 5% deposit and pay no lenders mortgage insurance (LMI), then you better act quick, as thousands of first home buyers are expected to rush to apply for the limited spots up for grabs.
How do you compare: how much of your pay goes to your mortgage?
The property market is going through a boom phase, which means housing affordability is getting tougher. So how much does the average Australian household need to put towards their monthly home loan repayments in the current market? Let’s take a look.
Boom time: Australian home values surging at fastest pace in 17 years
It’s official: Australia’s housing market is in the midst of a broad-based boom, with the national home value surging 2.1% higher in February; the largest month-on-month change since 2003.
Back up for grabs: 1800 first home buyer scheme spots reissued
Great news just in for first home buyers: the Australian government will reissue 1800 First Home Loan Deposit Scheme (FHLDS) spots from the 2019-20 financial year.
Record-breaking: 5 big property trends in 2021
After a bumpy 2020, 2021 is already rewriting the record books. From property prices, to interest rates, to refinancing – no matter which way you look records are being broken. Today we’ll look at why property market sentiment is riding so high.
Happy New Year! Here’s to a prosperous 2021!
Well, that was a year for the history books. Time to start looking forward, we reckon! And the good news is 2021 offers plenty of promise. So what’s your New Year’s resolution?
How well do you know your finance jargon? Take our quiz!
The finance industry has a bunch of acronyms and abbreviations that can make the home buying process a little confusing. But they’re not as difficult to understand as you might think. Take our short quiz to see how many you can answer!
Freedom to move: stamp duty reforms gain momentum
Stamp duty: two of the most dreaded words in the world of property and finance. Fortunately, NSW and Victoria have unveiled some big changes to the inefficient tax this week, and there’s hope it’ll inspire other states to review their own stamp duty arrangements.
Want to know how much your neighbours paid for their first homes?
First home buyers wanting to crack into the property market can now use an interactive map to see how much their neighbours spent on average for their first home.
Switch lenders if rate cut is not passed on: RBA
Mortgage holders and business operators are being encouraged by the RBA to switch lenders if their bank doesn’t pass on the latest cash rate cut.
