First Time Buyers
Thursday, September 30th, 2010
Julia, Julie, Kristina, Anna, Quentin – and no doubt there’s more to come.
In case you haven’t noticed – there’s a pattern emerging in the world of business and politics where women are slowly, but surely, starting to take centre stage.
And that pattern has also transcended into the world of finance in terms of women empowering themselves in the ways of the property market. (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips | September 30th, 2010 No Comments » Tags: Budget, Debt, Equity, First Home Buyers, Home Loan, Home Loans, Interest Rates, Mortgage, non-bank lenders, Property, Property Market, Variable loan, variable rate
Tuesday, September 28th, 2010
With the busy Spring property sale season now in full swing, there are plenty of potential buyers keen to get their toe in the door – at any price.
So with a few words of caution and in the wise words of my mother – remember to remove your rose-coloured glasses when you’re looking at any property as the emotional connection you create, may end up costing you serious money. (more…)
Posted in Buying to Invest, First Time Buyers, Moving House | September 28th, 2010 No Comments » Tags: affordability, Budget, First Home Buyers, First Home Savers Account, Home Loans, Move House, Property Market, Regional Property Market, Renovate
Thursday, September 23rd, 2010
With so many first home buyers opting for introductory or ‘honeymoon’ deals – what do you do when the honeymoon is over?
Whether you take advantage of the lower interest rate period by making additional payments into your mortgage or use the additional funds to pay for renovations, you’ll need to decide how to best use your mortgage once the ‘honeymoon period’ is over. (more…)
Posted in First Time Buyers, Home Loan Tips, Interest Rates | September 23rd, 2010 No Comments » Tags: First Home Buyers, Interest Rates
Friday, September 17th, 2010
After catching up with Resi’s resident Hunter/Newcastle lending specialist, James Jordan, this week to talk about what’s happening in his local area, it has only re-affirmed to me the growing appeal of the regional property market for investors, first home buyers and life-changers. (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips | September 17th, 2010 No Comments » Tags: Home Loans; Budget; Affordability; First Home Buyers; Investment, Regional Property Market
Friday, June 4th, 2010
The property market has remained strong for the past 12 months, but now amid concerns of rising interest rates and threats of a global economic slowdown – property buyers are holding back.
While auctions account for less than a quarter of all dwelling transactions nationally, Cameron Kusher, senior research analyst at Rpdata.com says, “auction clearance rates provide an excellent indication of current market sentiment; the results are more timely than private treaty results which are subject to time lags.” (more…)
Posted in Buying to Invest, First Time Buyers, Interest Rates, Moving House | June 4th, 2010 No Comments » Tags: affordability, Budget, First Home Buyers, Home Loan, Home Loans, Move House, Property, Property Market, Upgrade
Friday, May 28th, 2010
“If you don’t get in now, you never will”. It’s a phrase being repeated a lot these days, especially amongst first home buyers. But the reality is housing affordability is going down with rising house prices. This isn’t helped with all the panic buying that’s going on.
How are first home buyers meant to break into the market when the walls are too high to climb? Is the first home savers account enough of a push to encourage a solid savings base and reduce the affordability gap?
There has also been pressure placed on banks to recognize rent as a form of ‘genuine’ savings. If borrowers could use rental repayments as evidence of genuine savings then more first home buyers would be able to enter the property market.
Currently no lender recognises rent repayments as a component of genuine savings.
Are interest rates the worst enemy for first home buyers or is it the deposit for a first home?
We want to hear your thoughts.
Posted in First Time Buyers, Interest Rates | May 28th, 2010 6 Comments » Tags: affordability, Budget, First Home Buyers, First Home Savers Account, Home Loan, Home Loans, Interest Rates, Mortgage, Property Market
Tuesday, May 18th, 2010
Concerns from first home buyers about the First Home Saver Account scheme have been answered in the recent release of 2010 budget. Treasurer Wayne Swan has announced an introduction of greater flexibility in the scheme which has been the primary reason for first home buyers not investing their time and money into the account. (more…)
Posted in First Time Buyers | May 18th, 2010 No Comments » Tags: affordability, Budget, First Home Buyers, First Home Savers Account, Home Loan, Home Loans, Mortgage, Property, Variable loan, variable rate
Friday, May 14th, 2010
In comparison to income growth, the escalation of household debt over the past 30 years has reached substantial levels. According to the ABS, the last 18 years have seen the total amount of debt owned by Australian households to rise by almost six-fold.
These figures are not aided by the high interest repayments of credit cards of between 15-10 percent and personal loans having an average rate of 10 percent. The burden of struggling to meet interest rate repayments can become overwhelming so the concept of consolidating these debts into your mortgage, where rates are around 7 percent, turns into a favourable option. (more…)
Posted in Buying to Invest, First Time Buyers, Home Loan Tips, Interest Rates, Refinancing | May 14th, 2010 1 Comment » Tags: Credit Cards, Debt Consolidation, Home Loan, Home Loans, Interest Rates, rate rise, Variable loan, variable rate
Wednesday, May 12th, 2010
Federal Budget’s tax cuts which come into effect on July 1 offer no real concession for mortgage holders coping with six official rate rises.
Borrowers feeling the pinch from rate rises this financial year will not be able to offset any real amount off their increased mortgage repayments with the tax cuts – and will still have to seek out additional ways to restructure their household budget. (more…)
Posted in First Time Buyers, Home Loan Tips, Property and Tax | May 12th, 2010 No Comments » Tags: affordability, Budget, Federal budget, First Home Buyers, First Home Savers Account, tax cuts
Tuesday, May 4th, 2010
The rising rate environment is leaving some heavily mortgaged borrowers – particularly those with more than an average $300,000 loan – scrambling to find ways to fund the significant increases in monthly repayments that have occurred since October last year.
With the announcement of a sixth rate rise by the Reserve Bank, these borrowers will be forced to look outside the square for ways to fund the increase in their mortgage repayments and will have to assess all aspects of their lifestyle and spending habits. (more…)
Posted in Buying to Invest, First Time Buyers, Interest Rates, Refinancing | May 4th, 2010 4 Comments » Tags: affordability, Comparison rate, Equity, First Home Buyers, Home Loan, Home Loans, rate rise, Refinance, Variable loan, variable rate
