Month: April 2017

Costs to buy home

Costs of purchasing a home

You’re trawling real estate sites, and popping into open houses every Saturday. You’ve done your calculations, spoken to your mortgage adviser, and know roughly what you can afford to spend on your first home. The advertised price of the property, though, is only one expense to consider when buying your first home. So that you […]

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RBA

Residential lending dominates

Monthly data from the Reserve Bank of Australia (RBA) indicate that Australia Prudential Regulation Authority (APRA)’s policies are taking effect. What are APRA’s policies? APRA implemented policies in 2017 to slow investor lending, in an attempt to address housing affordability. The policies require lenders to limit investor credit growth by 10 per cent per year. Interest […]

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Playing for Gold? How to improve your mortgage game plan

As we cheer our nation’s top athletes to the finish line during the Gold Coast 2018 Commonwealth Games, we thought it’s a good time to look at your mortgage game plan. Here are some tips for playing for gold, and getting the most out of your mortgage experience. Put in the hours Just as our […]

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Grettan Institute Report

Australian house prices have more than doubled in the last 20 years

The Grattan Institute report, released earlier in March, found that Australian house prices have more than doubled in the last 20 years. The rise has been particularly sharp in the last six years, with house prices increasing 50 per cent in Melbourne and around 70 per cent in Sydney since 2012. So, what caused this […]

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City or country property, which is a better investment?

According to Australian Bureau of Statistics’ data, almost two-thirds of us live in cities. But while many of us live in a metropolis, there are plenty of great opportunities to buy investment property in regional areas. City versus country: pros and cons Wherever you choose to buy a property, it’s important to understand the pros […]

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What do APRA’s mortgage lending measures mean for property seekers?

The Australian Prudential Regulation Authority (APRA) recently announced that it will be introducing extra measures to improve the quality of mortgage lending in Australia and moderate investor lending. This comes in a response to increased housing affordability nationwide and a surge in investor lending, in conjunction with a fall in owner-occupied loans. What exactly are the measures […]

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Three ways to add value to your property

If you’re thinking about how to improve your home or investment property prior to putting it on the market, the preparation you do beforehand can make a big difference to the price it fetches on auction day or through a sale process. The idea is to work out the best ways to add value to […]

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Buying your first investment property

It can make a lot of sense to buy property as an investment; historically it has provided strong returns. In addition, owning ‘bricks and mortar’ gives investors a sense of having an interest in something real. But buying property as an investment is different to buying property to live in. Here, we look at some […]

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Life stages and property, part 1: Your 20s and 30s

Age is a decisive factor in determining our spending habits, attitudes towards money and financial priorities. At different life stages, we are thinking about different things, worried about different issues and focused on achieving different goals. Naturally, this impacts our finances. This month, we’re examining some trends relating to age and financial thinking in connection […]

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The essential checklist for first home buyers

Are you thinking about buying your first home? You’ve got a decent chunk of money tucked away and now all that’s left is to find yourself the right home loan. What comes next? Here’s a handy checklist we’ve put together: 1. Decide if it’ll be live-in or investment The first decision you’ll need to make […]

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