First Home Buyers
Tuesday, July 20th, 2010
With so many young people eager to get into the property market but struggling to save enough for a decent deposit, there’s much to be said about staying at home for longer and being Packed to the Rafters as a way of eventually reaching their goal. (more…)
Posted in Uncategorized | July 20th, 2010 No Comments » Tags: affordability, Budget, First Home Buyers, First Home Savers Account
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
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
Monday, May 3rd, 2010
It seems that investors are not the only ones interested in capitalising on the current market opportunities. QBE LMI’s Chief executive officer Ian Graham believes that upgraders will also be contributing to property market movements in 2011.
Mr Graham believes the coming year will see upgraders stepping up to fill the demand gap created by the decline in first home buyer activity since the federal government’s boosted first home buyer stimulus was withdrawn. (more…)
Posted in Buying to Invest, First Time Buyers, Moving House | May 3rd, 2010 No Comments » Tags: affordability, Budget, First Home Buyers, Home Loan, Home Loans, Invest, Move House, Upgrade
Wednesday, April 28th, 2010
Read the full article here, http://bit.ly/cHTuuj
Have a read through and cast your vote on the blog poll or comment your thoughts below – we want to know: Would you rent as a lifestyle choice or would you prefer to live in a home that you own?
Posted in Buying to Invest, First Time Buyers, Moving House | April 28th, 2010 No Comments » Tags: affordability, First Home Buyers, Home Loan, Home Loans, Invest, Move House, Property, Rent
Friday, April 23rd, 2010
It is safe to say that the global financial crisis is behind us and with investor confidence on the rise; there is no doubt that the property market is becoming very buoyant. Both houses and apartments are being snapped up at a speedy rate so it’s important that when you find ‘the one’, you are financially prepared to be able to make an offer with the confidence that your borrowing power can support your bid. (more…)
Posted in Buying to Invest, First Time Buyers | April 23rd, 2010 No Comments » Tags: affordability, Budget, First Home Buyers, Home Loan, Home Loans, Invest, Lender, Variable loan, variable rate
Friday, March 26th, 2010
First home owners tipped to embark on their home ownership journey this year need to be reminded not to fall into the trap of dropping the financial ball after the initial thrill of the purchase.
There is a common tendency for many first home owners to want many of the things that go with a home, without having the patience to wait until they can comfortably afford to buy them. (more…)
Posted in First Time Buyers, Home Loan Tips, Interest Rates | March 26th, 2010 1 Comment » Tags: affordability, Budget, Credit Cards, First Home Buyers, Home Loan, Home Loans, Interest Rates, Move House, Property, rate rise, Variable loan, variable rate
