A win for Victorian first-home buyers as stamp duty is axed

Mar 30, 2017 4:47:51 AM

For struggling first home buyers, a change to stamp duties could be just the boost they need. And Victoria’s new housing affordability solution – HomesVic – could see first home buyers co-purchasing property with the Victorian State Government to reduce the housing affordability crisis in Victoria. Read on to find out more.

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Topics: Australia, Finance Update, First Home, First Home Owner Grant, HomesVic, Stamp Duties

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

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

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

Why Property is the Best Investment

Dec 26, 2016 7:35:00 AM

While most people have an opinion on which areas are best for buying property, they all tend to agree that property is the most trusted investment. For the average Australian wanting to grow their own financial independence, property easily outperforms most other types of investments. By buying well and adding value to your property, you’re guaranteed a return on your investment. Take a look at why we think property is the best investment.

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Topics: Australia, Property Investment

Preparing your home for a summer sale

Dec 9, 2016 8:55:25 AM

Selling your home in summer lets you show it off at its very best. But enticing prospective buyers in can be tricky, when many prefer to avoid attending open homes when it’s just too hot. To help get your home summer-ready in time to sell, we’re sharing our tips. Embrace those lazy summer days with a few simple chores to make your home a cool and welcoming oasis for prospective buyers.

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Topics: Selling, Australia, Summer, Selling your Home

How do lenders assess home loan applications?

Nov 28, 2016 8:00:00 AM

When applying for a home loan, it helps to understand how lenders assess you and your situation. Whether it’s a bank, an independent lender or a financial firm, applications are carefully assessed before they are either approved or declined. And while credit policy may differ amongst lenders, all lenders follow similar guidelines when assessing loan applications.

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Topics: Australia, Loans, Credit Check

How to avoid paying Lenders’ Mortgage Insurance

Nov 21, 2016 7:00:00 AM

When buying your first home every cost saving counts. But if you’re struggling to save a large enough deposit, there’s a good chance you’ll have to pay Lenders’ Mortgage Insurance. Lenders’ Mortgage Insurance can be a sizeable cost, so it’s worthwhile finding out about it up front and factoring it in. There are a few ways you can avoid paying Lenders’ Mortgage Insurance and we’ve broken those down for you here.

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Topics: Australia, Insurance, Mortgages, Lenders, LMI