Inflation is driving up the cost of living and we’ve had successive interest rate hikes. So why are buying intentions from people on the increase? The great Aussie dream is still alive and what can you do to make it a reality? Despite a flurry of rate rises, new data this month shows homeownership is…
Rising interest rates have created doom and gloom headlines for mortgage holders. But there is some good news. First Home Buyers are now reaching their 20% deposit goal faster. The 2023 Domain First Home Buyer Report has delivered good news for First Home Buyers. The report shows that first-home buyers aged between 25 to 34 are…
We all know that managing our money is important and that bad debt is well, bad. When applying for a home loan or personal loan there are common spending habits that may raise a red flag to lenders. Smart money management and cutting back on expenses can help your home loan application. That’s no secret.…
Interest rates and the cost of living are rising. This has led to a growing number of Australians struggling to manage their finances. The feeling of financial stress is real, but there are steps you can take to keep your head above water. Even in the best of times, managing your finances is hard. Every…
Inheritances can be a bittersweet part of life. But an inheritance alone won’t always cut it when applying for a home loan. Having genuine savings can help show lenders you’ve got what it takes to meet mortgage repayments. With many older Australians having accumulated a decent amount of wealth throughout their years, it’s not uncommon…
Whether it’s your love life or your home loan application, no one likes getting rejected. There are many reasons why it could happen, and some can come as a big shock. So today we’ve outlined five surprising reasons to help you avoid home loan heartbreak. There are few words would-be home buyers dread more than:…
For many Australians, rate hikes and inflation have made the dream of property ownership feel ever more distant. But a recent analysis shows that meeting mortgage repayments could be cheaper than renting for more than a third of Australian properties. Often the biggest obstacle in the way of home ownership is saving up for a…
Under discussion for some time, the NSW government finally passed the stamp duty reform. This means eligible first home buyers will have the choice to pay an annual property tax instead of stamp duty at the time of purchase. This new scheme is called “First Home Buyer Choice”. The new legislation will allow first home…
The recent decline in rental properties has caused many to feel uncertain about their housing situation. Here’s how you can leave renting in the dust and make homeownership a reality. Dwindling rental supplies in many parts of the country and soaring rental prices have many tenants looking for an escape. Terms like “housing crisis” are being bandied about,…
After another year of uncertainty, the end of Financial Year (EOFY) is upon us. Self-employed or a small business owner? Understanding the different information available could help to simplify the tax process for you. The official ATO website provides some handy resources for up to date information on any Government initiatives that may be relevant to your…