Month: July 2017

Will a poor credit score affect your mortgage application?

Home loan providers consider a variety of factors when assessing your loan application. One of these is your credit score. But what exactly is a credit score, and why is it so important? We take a look at how credit scores work in Australia, how they can affect your eligibility to receive a home loan, and what […]

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Government schemes to help you buy your first home

Are you an aspiring property owner struggling to figure out how to afford your first home in Australia? With average mortgage rates more expensive than ever before across the majority of states, it’s little wonder. But there’s plenty of assistance for first home buyers in Australia thanks to government schemes. To help you out, here is a […]

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Tips for breaking into the housing market

Recent Census data tells us that less people own their own homes than five years ago. That can at least be partly attributed to rising house prices. In Sydney, house prices are 12 per cent higher than they were a year ago. In Melbourne, house prices are up 13 per cent from last year. These increases can be […]

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The difference between owner-occupier and investor interest rates

New regulations have changed the way financial institutions set interest rates. There’s now a bigger difference between the rate borrowers are charged when they buy a property to live in, compared to loans taken out by investors who don’t live in their properties. This means the rate available could be cheaper for owner occupiers. The new […]

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4 resolutions for home buyers this new financial year

January 1 is generally the time we most commonly make resolutions – diets, fitness, careers and relationships all get dealt with as the new year comes around. But does it make sense to make financial resolutions at this time too? When the new financial year rolls around, you’ve just submitted your tax return and got your finances in […]

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New Census data looks good for investors

Are you looking to invest in property? You might be interested to hear that according to new Census data, rents have increased and mortgage repayments have decreased in the last five years, making property investment an attractive option. Many people in Australia have a mortgage, and people are paying less per week for their mortgages, […]

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Should you rent out your home on Airbnb?

Savvy property owners and investors are turning to creative strategies to make some extra cash. Sharing economy platform Airbnb is turning into a popular investment strategy, seen by landlords as a way to reap the rewards of higher rental yields, and by owner-occupiers as a way to gain some money to put towards bills and expenses. […]

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Mortgage myth buster: things you need to know about mortgages

Taking out a mortgage to buy a home is a big step. That’s why you need to know what you are getting into. There are a number of mortgage myths in circulation. Here, we bust some of those preconceptions, to help you make the right decision. Mortgage myth #1: The lowest rate is always preferable […]

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