It is not easy to get into the property market when property prices are still comparatively high and interest rates are on the up. This post describes 3 unconventional ways to get into the market.
Metallica fans are probably, singing “Gripping your pillow tight.” When I’m asked, “What do you think is going to happen with interest rates?” Sleep with one eye open is the best answer I have. Even after the pause in rises in April, there are still some drums beating for a May rise. There are roughly…
Stamp duty concessions and exemptions guide for Australian First Home Buyers
Last issue I mentioned that fixed rates are up. But variable interest rates are low. The trend continues with more and more banks putting their fixed rates up. Variable rates are now also up by 0.25% p.a. after the Reserve Bank decision in May 2022. The flow on effect has been the media running a…
To suggest that there are just 14 ways to pay your home loan off sooner is a little deceiving because there’s countless factors that can reduce your monthly obligations, and reduce the term of your loan. However, we’ll look at just 15 basic considerations. 1. Skip the honeymoon period Beware of lenders bearing gifts. The…
If you’re new to the world of property ownership it’s quite possible you haven’t a clue what a conveyancer does. This article seeks to give you a broad appreciation of the role of a conveyancer in property transactions [note title=”Conveyancer FAQ”]You might also be interested in our [link url=”1724″]Conveyancer FAQ[/link].[/note] When buying or selling property,…
There are costs associated with buying a property that requires discipline, vigilance, and careful planning. In this article we discuss common first buyer money-traps and how to avoid them. Understand your budget Your first home purchase requires a little introspection. Look at your finances, have a clear understanding of your personal budget, and understand exactly…
Since we’ve gone back to work after the summer holidays, I seem to have been asked one question more than any other. “Is it time to fix my home loan interest rate?” The reason clients are asking this is that we are seeing fixed interest rates at more than 1% p.a. below some variable rate…
First Home Buyers, have just received a great piece of news – the First Home Loan Deposit Scheme (FHLDS) has had more places added and a number of reserved spots that were not acted on in 2020 will be freed up so that they can be claimed again. Recent Australian Bureau of Statistics (ABS) data…
Thanks to changes by APRA (The Australian Prudential Regulation Authority) the lenders have a responsibility to ensure you can afford the loan repayments as well as your living expenses. As such they may have to really dig into your personal finances before they can approve you for a loan and assess your borrowing capacity. What…
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