02/10/2020
With the new year here, you might be considering giving your home a fresh spin with some renovation. Whether it’s adding a pool for the summer heat, or adding a granny flat for gran, renovation can add both monetary and…
02/03/2020
Well, it’s that time of the year, many of us are hoping for a fresh start in 2020 and what could be a fresher start to the new year than moving into a brand-new home. A new you are not…
01/27/2020
Saving up for a deposit on your home loan can be one of the hardest things you do financially. A home loan deposit requires a large amount of money and many Australians don’t have that amount of money just lying…
01/20/2020
With banks becoming increasingly more restrictive on home loans every year it’s becoming more important to consider options outside the major lenders including non-bank lenders. Non-bank lenders still have to follow the same regulations as other lenders and the market…
01/13/2020
When you decide to borrow money for an investment you are engaging in gearing. If your income from the investment is more than the expenses of the investment you are positively geared, likewise if your income is less than your…
01/06/2020
A construction home loan is a home loan that is designed for people wanting to build their home instead of purchasing an existing one. As a result, it has a unique payment structure where you only borrow in stages as…
12/30/2019
Getting a home loan is already difficult enough but getting a home loan as a small business owner is even harder. Lenders like to see regular amounts of money coming in as it makes them feel less at risk. When…
12/23/2019
Determining what you can and can’t afford is not a simple process. A number of different factors go into consideration when deciding what is within your price range and how much you like the house is unfortunately only one of…
12/16/2019
An investment property can be a tempting proposition to a budding investor. It’s one of the most stable and straightforward investments you can make and the opportunity for passive income from rent exists. The downside is that not everyone can…
12/09/2019
Once people secure their home loan, they often forget about it and simply pay their loan repayments till the end of the loan. This may seem fine, but the reality is you could be missing out on many benefits and…
12/02/2019
With house prices continuing to rise rapidly every year, it gets harder and harder to build up the deposit required for a home loan. One way of bypassing this is to apply for a family guarantee home loan or family…
11/25/2019
If you weren’t thinking of refinancing your home loan, you may want to think again. There are many benefits to refinancing that you may want to consider the next time you review your home loan. Refinancing may just be the…
11/18/2019
Debt consolidation is the process of consolidating all your existing debt into a single loan rather than pay them off as multiple loans each with their rates of interest. On a surface level, it might make things easier to manage…
11/11/2019
Bridging loans are loans used to buy a new home when you haven’t yet sold your existing home. Sometimes it is helpful to purchase a new home before you’ve sold your old one. In which case, you need a bridging…
11/04/2019
When you buy a home whether it is classified as owner-occupied or investment depends on your intentions behind buying the property. If you are planning to sell the property for a profit on what you originally bought it for or…
10/29/2019
Spring is often the busiest time of the year in the property market with the most amount of homes listed, and the greatest number of houses sold. The sun is shining, the grass is green and it’s the perfect time…
10/21/2019
There are hundreds of lenders and thousands of home loans to choose from and compare. As a result, it can be extremely time-consuming to decide on which home loan is suitable for you. It can also be costly if you…
10/15/2019
This is a multifaceted question that depends on how you define cost. In terms of the raw numbers, it’s cheaper financially to build a house rather than buy one. However, the total cost doesn’t consider other costs of building a…
10/07/2019
Making renovations on your home can be both exciting and exhausting. Whether you are adding a spare room or sharpening the look of your kitchen it is rewarding to see the transformation. That is why we have made a list…
09/30/2019
We live in a constantly changing world where circumstances and conditions are constantly evolving. Our personal situation and lifestyle will shift endlessly throughout the years and we will change what we eat, where we live and what we do constantly.
09/09/2019
It makes sense to want to pay your home loan off early, being free of debt can free you of your stress and worry. With the number of financial benefits that come with paying a home loan off faster, it…
09/02/2019
A non-conforming home loan is a loan that does not fit a lender’s standard criteria for a home loan. These loans are usually offered to people that have a bad credit history or extraordinary financial needs. Because non-conforming home loans…
08/26/2019
In the past, it was possible to borrow 100% of a house’s value and not even have to pay a deposit. Now, lenders are a lot stricter and acquiring a loan without a deposit is much more difficult. So,…
08/19/2019
Buying a home is a big undertaking, which is why the government offers a range of initiatives to make things a little easier for home buyers. These initiatives are available to every Australian so it is important to take advantage…
08/12/2019
Houses that need a lot of hard work and love in order to truly shine are sometimes referred to as a ‘renovator’s dream’. However, this dream can sometimes turn into a nightmare if you aren’t careful. We’ve outlined a few…
08/05/2019
Just like a farmer’s crops, the time of year you choose to buy a home significantly affects price and supply. As a result, it is important to take into account the seasons when looking for a new home. Spring The…
07/28/2019
As a business owner, you’ll more than likely have challenges and problems that need to be overcome. It can often be hard to manage your business’s finances when you’re busy getting your brand out there, figuring out how to price…
07/22/2019
Commercial property is classified as any non-residential property that is used exclusively for business purposes. This includes retail properties, office buildings, shopping centres, hotels, warehouses, manufacturing facilities, apartment complexes and land for development. For many investors, acquiring commercial property is…
07/15/2019
A pre-approval is when a lender approves you for a home loan before you actually decide on a house to buy. It’s essentially a guarantee that you will be approved for a home loan if you decide to apply for…
07/08/2019
Acquiring a home loan higher than 80% of the asking price is already a difficult task. Going a step further and getting a home loan for more than the asking price is nearly impossible. However, there are rare situations where…
06/24/2019
When it comes to the relationship between your credit card history and loan applications, it seems many people are in the dark about what’s truth and what’s not. Gather a group of normal Australians in…
06/17/2019
Finding the right home loan and the best way to pay it off can seem insurmountable alone. But with the help of an experienced broker, it’s much easier finding terms that will suit you. Read on for…
06/12/2019
Your credit score is like going to the doctor for many – you don’t have a check-up unless you absolutely need to. The Veda Australian Credit Scorecard, surveying the credit behaviour of people nationwide, proves this to be true…
05/23/2019
The falling market can be both good and bad for homeowners and first-time home buyers – while properties may lose value, lower prices make it a cheaper and thus more desirable time to purchase a house or…
05/13/2019
In recent months, Australian banks have tightened their credit standards amid concerns around increasing property prices, household debt and pressures from the royal commission. This means that getting a loan might be even more difficult for…
05/08/2019
Life changes, and so does your financial plan. There are many reasons why you might consider refinancing – perhaps you are looking to get lower rates, consolidate your debts or make a major purchase with your…
04/30/2019
Ever gotten to the end of the month and wondered where all the money from your pay check goes? Keeping a budget can help you track where your money is going, stay on top of your bills…
04/14/2019
Car ownership is on the decline with young Australians. The change could be due to rising housing prices and thus altered priorities for first-time home buyers. The latest Household, Income and Labour Dynamics in…
04/12/2019
With so many loan options and an increasingly complex market, it can be hard to pick the best loan for your needs. There are many different factors to consider when it comes to choosing loans. In this…
03/26/2019
If you’re looking for an investment unit, an apartment block can be a great option to get a big return. This strategy is becoming more and more popular in Australia, and as such there isn’t quite enough…
03/12/2019
Investing in property is a smart choice for many Aussies looking for long-term profit potential. But before you dive in, there are a few things you should know. Consider if you’re ready to buy, what…
03/06/2019
You may still be recovering from Christmas festivities, whether eating and drinking less or getting to the gym. But how is your credit card balance? Finder.com.au analysed data from the Reserve Bank of Australia…
02/25/2019
As 2019 heats up, many predictions for the Australian economy are focused on recent lending announcements and the housing market. Here’s a look at some of the latest. Housing market There was a lot of negative talk about the housing…
02/19/2019
The first month of 2019 saw interest rate hikes in Australia that could affect home loans. Make sure you understand your options for dealing with these changes. What follows is a look at the latest news and what it could…
02/05/2019
Home renovation projects can be a fun activity for families to do together. But these jobs can also be expensive and taxing, financially physically and mentally. When you’re taking on home projects this summer, follow these tips to ensure everything goes…
01/17/2019
Including offset accounts in your home loan strategy could end up saving you thousands of dollars. Here’s a look at how they work and whether you should consider going this route. What are offset accounts? Offset accounts aim to…
01/08/2019
Experts in Australia are predicting more declines for the housing industry in 2019. The effects on the economy are still yet to be seen, but some are expecting a hard landing for the market in the coming months. CoreLogic’s latest…
12/21/2018
A proposal from the Australian Labor Party (ALP) aims to reform negative gearing, and News.com.au says that Aussies are conflicted on the issue. But what is negative gearing, and why are the proposed changes so controversial? What would change? To…
12/11/2018
In a sweeping look at which streets are the best across the country, Realestate.com.au revealed the 10 most popular streets based on where users do the most searching. Six of the winners are in Victoria, making a case for the…
12/11/2018
Getting a loan can be quite a tricky task. Seemingly small mistakes may get you trapped in debt, make a permanent record on your credit file and/or lead to rejections on new mortgages. Here are a few common mistakes that…
11/25/2018
The housing market may still be uncertain in Australia as 2018 comes to an end. The September auctions proved that buying was low. However, first-home purchases may be on the rise by the end of the year. What follows is…
11/20/2018
The Australian housing market has been in a steady downturn over the last year. CoreLogic data shows that it’s seen a cumulative 1.9 per cent value fall since September 2017. While some experts are warning that the market could continue…
11/13/2018
The beginning of 2018 brought a rise in Aussie credit card debt. The average credit card had $2,000 of debt in April, according to the Sydney Morning Herald, the highest it’s been in two years. With the country’s housing market…
11/08/2018
Just starting out in the property market? Interest rate terminology on your home loan can be hard to sift through. To understand what you’re agreeing to, it’s important to understand the basics about interest rates. What is an interest rate? When…
11/04/2018
Saving for a summer holiday? Boost your funds by tracking your spending, cutting one unnecessary expense and staying home for dinner. If you’re still saving up funds for your next getaway, here are tips to help you along the way. Check your bills…
10/11/2018
Falling housing prices may not bode well for the overall property market. As the first spring auctions in the major cities have shown this year, it’s still unsteady. Australia’s housing downturn may be getting worse, ABC News recently reported. Melbourne…
10/10/2018
Westpac, Suncorp Bank, and Adelaide Bank have all announced interest rate hikes on home loans. So, what do these raises mean for your repayments? If you have a home loan, recent interest rate changes could affect your repayments. After Westpac increased…
09/18/2018
Moving can be a stressful experience, which is why many Australians avoid doing it as much as possible. However, certain factors can arise that make it a good time to move on to another neighbourhood, including rising housing prices, bad…
09/09/2018
If you are considering buying a house, you will likely need a home loan. If you already owe on previous advances, whether higher education debt, credit card debt, or personal loan debt, it could impact your home loan application. Australia…
09/05/2018
Recent changes to superannuation funds may start to affect the housing market. Two such measures are the First Home Super Saver (FHSS) Scheme, and the downsizing contributions into superannuation funds. These changes were introduced by the Australian Government in the…
08/28/2018
Saving money and unlocking equity – those are two good reasons why you should consider refinancing your home loan. Before we start talking interest rates, it’s important to know if you can achieve one of those two things. Unlocking equity…
08/28/2018
Saving money and unlocking equity – those are two good reasons why you should consider refinancing your home loan. Before we start talking interest rates, it’s important to know if you can achieve one of those two things. Unlocking equity…
08/15/2018
How long will it take to sell your home? We’ve had a closer look at the numbers around home sales in Australia to give you a better idea. The average Australian home takes 45 days to sell or 40 if…
08/08/2018
Unfortunately, most Australians can’t afford the best house on the best street. For that reason, buying real estate is a constant compromise between budget, location and the physical attributes of the property. With that compromise in mind, what’s more important…
07/26/2018
As of December 2017 the average house price in Australia was $687,000, according to Australian Bureau of Statistics data, although this average is considerably higher in population centres like Melbourne and Sydney. These prices make buying your first home a…
07/26/2018
The average size of a home loan in Australia is almost $400,000, according to the Australian Bureau of Statistics. Most people will repay their loans over 30 years, during which time they’ll be charged a whopping $319,820.45 in home loan…
07/02/2018
Finding the ideal home loan and the best way to pay it off can seem insurmountable alone. But with the help of an experienced broker, it’s much easier finding terms that will suit you. Read on for our guide on…
06/25/2018
Building an investment property is a labour of love – while it does require a lot more work than simply buying a pre-built unit, it’s the perfect way to ensure you come out with a property that you love. It’s…
02/12/2018
Haggling doesn’t come easy to many people. Negotiating over the price of goods and services simply isn’t that common in some countries. But are homebuyers missing out on thousands of dollars of savings because they balk at bargaining? The answer…
12/12/2017
If you’re fortunate enough to be investing in multiple pieces of real estate, it’s best to diversify your purchases rather than buy all in one location or one category of property. Having a diverse portfolio makes it easy to weather…
11/14/2017
There’s always been a gap between the generations when it comes to homeownership – older people and their families in Australia have traditionally had greater means to buy property than their younger counterparts. And if you believe the latest research,…
10/11/2016
You’ve probably heard a hundred horror stories about buying off the plan: including developers going bankrupt and finished homes being completely different from what was expected. As a result, you may believe that buying off the plan is an incredibly…
09/26/2016
Buying a home costs far more than it’s sale price. There are countless other expenses involved, several of which you may not expect when you make your purchase. If these come as a surprise, they could derail your property dreams…
09/11/2016
Whether you own commercial property or residential real estate, maintaining your property is all part and parcel of the process. Despite this, too many Australians end up having to take out a significant additional home loan because they failed to…
09/02/2016
Saving for a deposit and securing your first home loan can be daunting tasks for younger folk. However, the earlier you start readying yourself, the easier the task will be; begin preparing just months before and you’re guaranteed to struggle. Many Australians from…
08/26/2016
Buying a new property and managing the resulting home loan can be a mountain-sized task fraught with dangers, much like taking back the Seven Kingdoms of Westeros from their unlawful king. To make sure you don’t fall short in the ensuing siege…
08/19/2016
Back in the days of black and white TV, speakeasy bars and top hats, your grandparents most likely bought their first home mortgage-free with their combined annual salary and a dozen eggs. Unless you win the lottery or have a chicken who…
08/12/2016
Every month, a glorious day slowly rolls around, where you log into your Internet banking and constantly refresh the page until you notice a large increase in your balance. You fist pump triumphantly, startling nearby colleagues with your unexpected outburst.
08/05/2016
Interest rates are an incredibly important part of your home loan. After all, they are the dictating force over what the final cost of your new property will actually be. However, while you should always consider this factor in your…
07/29/2016
There are a number of reasons you may decide to build a new home rather than purchase an existing one. You might be an investor wanting to get on board in a new growing neighbourhood, you could want a bespoke…
07/22/2016
One of the keys to success in the world of business is not only getting the right assets, but retaining the right talent as well. In a competitive landscape, particularly for smaller businesses, it can be very difficult to retain…
07/15/2016
Are you looking at purchasing property but don’t know whether it’s the right investment? Wouldn’t it be fantastic to be able to predict what is going to happen to that townhouse, apartment or suburb? We aren’t fortune-tellers, but we like…
07/08/2016
Are you looking to invest in property with a new home loan, but are flummoxed by the number of different strategies and methods of improving your portfolio? Check out these three typical kinds of investor, and see if you fall…
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