A closer look at Australia’s first home buyer grants

Mar 27, 2017 10:38:51 AM

First home buyers in Victoria are about to get a little more help getting onto the property ladder, as the First Home Owner Grant doubles from the start of the financial year. Elsewhere in Australia, first home buyers can access their own State and Territory First Home Owners Grants. Here’s a closer look at the Government financial help available in each region.


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Topics: Australia, First Home, Property Article, First Home Owner Grant

Is the Australian household debt level a concern?

Mar 27, 2017 5:02:00 AM

Household debt in Australia is amongst the highest in the world, sitting at more than $1 trillion in mortgages. Around Australia, homeowners and property investors are making more calls to financial helplines. The warning signs are there: mortgage arears are creeping up, lenders’ bad debt provisions have increased, and personal insolvencies are near an all-time high. Should we be worried about Australia’s household debt levels?


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Topics: Australia, Mortgages, Household Debt

Make your home equity work for you

Mar 24, 2017 7:44:33 AM

Across most of Australia and New Zealand house prices have jumped considerably over the past 10 years (2006-2016). There’s no doubt that a lot of our wealth is locked up in real estate. But how do you access that wealth? And how do you make your biggest asset work harder for you? Read on to find out how you can make your home equity work for you.


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Topics: Refinancing Options, Mortgages, Mortgage Broker, Home Equity

What to think about when buying property with friends or family

Mar 24, 2017 5:43:49 AM

 

As property prices continue to rise, buyers are finding smarter ways to get onto the property ladder. Sharing a mortgage with friends or family is a viable option for many buyers, and it’s gaining popularity amongst first-home buyers who may be struggling to enter the property market. Could it be the right option for you?


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Topics: Buy a Home, Mortgages, Mortgage Broker

First home buyer checklist

Mar 6, 2017 10:02:08 AM

 

When buying your first home, there are a few key rules you should keep in mind. Don’t rush into anything. Do your research. Know the costs. And be prepared. Once you reach the settlement stage, there are a few issues that can arise. We’ve created a first home buyer checklist so you know what to look out for at settlement time.


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Topics: First Home, Home Buyers, Check List

Strategies to take control of your mortgage

Mar 2, 2017 5:46:56 AM

With house prices reaching record-high levels, the amount of debt that home owners are having to take on is quite staggering when compared to previous generations. If you’re fortunate enough to own your own home, you’ve likely already experienced some form of mortgage stress. Have a look at these simple strategies that will help you take control of your mortgage and relieve some of the mortgage stress you may be feeling.


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Topics: Australia, Mortgages, Strategies

Five things to think about before you renovate

Feb 28, 2017 5:01:11 AM

New year, new home? Whether you’re planning an extensive renovation or a simple freshen up to your home, before you rush out and start renovating it’s a good idea to think about these few things.


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Topics: Property Tips, Finance, renovation, New Home

Do you know your home loan rate?

Feb 27, 2017 11:39:57 AM

A startling report has revealed that 85 per cent of Australians are not aware of their home loan rate. With interest rates the lowest they’ve been in years, every home owner needs to be vigilant in monitoring and seeking the best possible home loan rate. Do you know what your home loan rate is?


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Topics: Australia, Interest Rates, Loan rate

What can we expect from interest rates this year?

Jan 28, 2017 5:11:38 AM

Australia has enjoyed six blissful years of falling interest rates, but if the forecasters are to be believed, that could be about to change. Since 2011, the RBA has cut its official cash rate 12 times, from 4.75 down to just 1.5 per cent. As recent interest rate cuts have failed to boost the economy and increase inflation, it’s highly likely an increase will be on the cards in 2017.


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Topics: Australia, Interest Rates, Mortgages, Mortgage Broker

Do you have the right insurance cover?

Jan 25, 2017 6:00:00 AM

Around 1.8 million Australian homes (that’s 23 per cent) have no home or contents insurance, reports the Australian Bureau of Statistics, roughly the same number of homes found in the greater Sydney and Melbourne metropolitan areas. Not having enough insurance is just as risky. What would happen to your family if your home was badly damaged or destroyed? Do you have the right insurance cover?

 


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Topics: Insurance, Mortgage Broker, Non-Insurance, Underinsurance