If you’re a first home buyer or looking to refinance, as with choosing the perfect partner, choosing the best rate for you is really about finding your ideal type.
So what type of loan structure is right for you – right now? (more…)
First Home Savers Account
Why being Packed to the Rafters can be a wise option for potential first home buyers
Tuesday, July 20th, 2010With 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…)
Housing affordability for first home buyers
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.
Good news for first home buyers!
Tuesday, May 18th, 2010Concerns 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…)
Tax cuts no real concession for mortgage holders
Wednesday, May 12th, 2010Federal 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…)