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…
You’ve decided to cash out of the property market, upgrade, or build your dream home. What happens if you have a current home loan on your property? We all dream about being mortgage-free, but in reality, it takes most of us a very long time to pay off a home loan. So, how do you…
The recent COVID pandemic has driven an unexpected trend – a shortage of skilled tradespeople and building material. The COVID-19 pandemic, combined with recent extreme weather events in QLD and NSW, has seen Australians deal with a whole bunch of issues from health concerns through to lockdowns and border closures. The extreme weather has also…
When you’re on the hunt for a new home, it can feel overwhelming – there are plenty of properties to consider and home loan options to weigh up. This is where home loan pre-approval can come in handy. But does getting pre-approved by lenders damage your credit score? In this article we explain what pre-approval…