Saving a deposit for a first home can feel like you’re on a treadmill – as hard as you try to keep up, house prices just keep rising. Many lenders require a 20% deposit, and if you haven’t saved that much, charge Lenders Mortgage Insurance (LMI). But there’s a way to fast-track the process, with a bit of help from family. Read on to see how you could get into your first home sooner and avoid the cost of LMI with a family guarantee.

If you’re a first home buyer, you may think banks use current interest rates to calculate how much you can borrow. But that’s not the case. Banks use a higher assessment rate to check you can still afford repayments if interest rates go up. Understanding how assessment rates work, why they matter, and how to improve your borrowing power can help you set realistic expectations and plan your finances wisely.

Saving for a deposit is the first major step towards buying a home in Australia, but for many potential home buyers, it can be the hardest part. While it may feel like an impossible task, saving for a deposit is achievable with the right plan and expert guidance. Find out how much you'll need to save, where to go for more financial help, and get tips to help you save faster.

Stamp duty is one cost that catches people off guard when buying property in Australia. It’s a significant expense that needs to be factored into the budget early on. But what exactly is stamp duty, and how does it affect your property purchase? In this guide, we’ll answer some of the common questions around stamp duty, to make it easier for you to understand and to plan for this expense.

As part of its focus on easing cost of living pressures, the Australian government has announced that all 13.6 million taxpayers in Australia will receive a tax cut on July 1 through the already legislated stage 3 tax cuts. In addition to this, households, small businesses and renters, amongst others, will benefit from a range of rebates aimed at easing cost of living pressures. While it’s good news for Australian taxpayers, tax cuts could also impact borrowing power, opening the doors for first home buyers and those looking to upgrade their home.

Bad credit can significantly impact your financial health, leading to higher interest rates on loans, difficulty securing credit, and even affecting your ability to get a mortgage. It happens when you miss repayments, default on loans, or make too many credit applications. Repairing bad credit is essential for gaining control of your finances and improving your financial position. Here are some actionable steps you can take to repair bad credit.

Buying off the plan can be a savvy move for many Australian home buyers and investors, providing an affordable and flexible solution to buying property in Australia. As with any property investment however, there are pros and cons and it’s essential that home buyers understand what buying off the plan entails and what to expect. In this guide, we’ll help you navigate the process, understand the benefits and pitfalls, and prepare you to make an informed decision about buying off the plan.

If you’re a first home buyer ready to embark on your journey to home ownership, one important consideration is the size of your deposit. Not only does your deposit determine how much you could borrow, but it can also impact the interest rate and other fees you may be charged for your mortgage. In this comprehensive guide, we'll take you through what you need to know about deposits, including how much you'll need, alternative options available, and some essential tips to help you secure your dream home.

Despite ongoing challenges with housing affordability, owning a home remains an important milestone for many first home buyers in Australia. While the path to home ownership may not always be straightforward, there are some things that can speed up the process. Read on as we explore three ways first home buyers can get into the property market sooner, including leveraging the Bank of Mum and Dad, accessing assistance from State Governments, and buying with family or friends.

Tiny Houses are fast becoming a popular option for those seeking alternative housing solutions in today’s challenging housing market. These compact homes provide a minimalist lifestyle and financial freedom, making them an attractive solution for those looking to downsize and own their own home without the responsibility of a traditional mortgage. If you’re considering a Tiny House as your next home, here's everything you need to know about financing a tiny house in Australia.