Much like ordering everything off the menu at a Michelin star restaurant without checking your wallet, searching for properties without understanding your true borrowing power can leave you with a bill that you can’t afford (or get out of). Whether you’re a first-home buyer or looking to upsize or downsize, speaking to a lending specialist…
We answer five of the most popular questions every prospective buyer Googles at the beginning of their home-ownership journey. When you’re looking to break into the property market as a first home owner, there’s plenty to wrap your head around. It’s absolutely understandable that you’ll head over to Google to start your desk research on…
If ever there was a need for a case study about property market cycles, the past 18 months would pose as a great demonstration. After a soft start to the 2019 calendar year, the stage was set for a very underwhelming FY2020. Last year, positivity had returned before COVID-19 However, the start of FY20 saw…
Australia’s real estate industry has been put to the test in 2020, and while the coronavirus pandemic has forced the sector to slow down, first-home buyers are doing the opposite. According to realestate.com.au, since the beginning of the year, they have seen a surge in first-home buyer enquiry on their website and the health crisis…
First-home buyers in every state of Australia already had cash incentives to build or buy a new home but recently the stakes got considerably higher. When the federal government revealed its $25,000 HomeBuilder grant in a bid to boost the economy, throwing a lifeline to the home construction industry, it wasn’t designed to be used in…
The coronavirus pandemic has hit many Australians financially, through job loss and reduced income. If you were hoping to buy a home before the pandemic but now find yourself earning less, you probably think your chances of getting a home loan are next to zero. But this may not be the case! While lenders are…
There’s good news for first home buyers and owner-occupiers! On June 3 the federal government announced a $700 million housing package for Aussies to access $25,000 grants to build a new home or start a major renovation. What does that mean for you? As a first home buyer or owner-occupier, understanding what federal grants, incentives…
A building (or construction) loan is one you might apply for if you were looking to build a new home, or to make some major structural changes to your existing home. Generally building loans are written as a land and construction loan, where the borrower applies for a loan to cover cost of the purchase…
It’s not surprising that many first-home buyers keeping abreast of the latest property news are feeling the “fear of missing out”. Interest rates are at an all-time low, restrictions on public auctions have eased, and some homes have been discounted according to recent data from realestate.com.au. While these conditions can provide a boost for first-home…
Going to bid at an auction without getting pre-approval for a home loan first is a bit like going shopping without a budget or even a wallet. Here are four reasons you should always make sure you’re pre-approved before you raise your hand at an auction. What is home loan pre-approval? Pre-approval for a home…