State by state – How much money the government is giving first-home buyers to buy or build

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…

What first-home buyers need to be looking out for right now

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…

Your credit history is now more visible

But don’t worry! It’s a good thing for most people. Previously, when applying for a home loan, banks and credit providers would only look at your ability to service the mortgage; so, basically, your income. That was before the introduction of Comprehensive Credit Reporting (CCR). Now, borrowers are assessed on their full financial history, including…