Average Cost of Building a New Home in Australia
Many factors influence the cost of building a new home in Australia. Besides the most obvious ones of lot price, building materials, design and labour, several other factors are now influencing the market. Historic low interest rates, implemented in the wake of the pandemic related slow-down, have fuelled a general real estate boom – causing […]
Home & Business Lending is Surging Where Is It All Heading?
Lending data – known as the lending indicators – is published each month by the Australian Bureau of Statistics. It shows us all the relevant Australian borrowing statistics – including mortgage commitments, personal loans, and business loan commitments across different categories. In this analysis, we will be focusing on changes in mortgage and business loans […]
Mortgage Brokers
If you’re considering a home loan and want to find the best deal out there, what are your options? Mortgage brokers provide many Australian home buyers with a start-to-finish service when it comes to sourcing and applying for a home loan that suits both their budget and specific needs. In this guide, we’re going to […]
Low Doc Home Loans
It can be difficult to take out a home loan if you don’t meet the traditional documentation requirements. If you find yourself in this situation, low-doc home loans can provide an alternative pathway to property ownership. These loans are tailored for borrowers who can’t provide conventional proof of income, offering flexibility with documentation while maintaining […]
Owner-Occupier Home Loans
Choosing the right mortgage can be about more than just comparing home loan interest rates online and finding the cheapest one. Depending on how you intend to use your property, you’ll need to choose the right finance type. In this guide, we’ll examine how owner-occupier home loans work, what they cost, and look at the […]
Home Loan Deposits and LVR Explained
When you’re in the process of getting approved or pre-approved for a home loan, one of the first questions you’ll be asked is how much you’re paying as a deposit. So, how much do you need? And how do they work? We’ve unpacked home loan deposits in this comprehensive guide, as well as explained a […]
Lenders Mortgage Insurance
The Australian housing market moves fast, and prices seem to get higher and higher each year. That’s why it makes sense to become a homeowner sooner rather than later. After all, once you own a house, rising prices become a benefit, not a barrier. Yet, a healthy property market can make saving a down payment […]
Renovation Loan
One of the best ways to increase your equity in a property can be to renovate. Some homeowners plan to do that as soon as they buy a new house, while others decide to make some home improvements part way through an existing mortgage. Whichever group you fall into, there’s a renovation loan option for […]
Centrelink Home Loans
There’s a common misconception that receiving government payments will take away your ability to successfully apply for a mortgage. However, there are ways to get a home loan while receiving Centrelink benefits. Read more to find out how you can be approved for a home loan on Centrelink. What is a Centrelink home loan and […]
First Home Super Saver Scheme
The Australian Government’s First Home Super Saver (FHSS) scheme has been implemented to support Australians looking to purchase their first home. How can the scheme better your first-home deposit savings? Here we talk you through the process and explain the ins and outs of the FHSS scheme. Why should I use the First Home Super […]
Apply for a Home Loan
Applying for a home loan – particularly if it’s your first – can seem a daunting prospect. A little research about how to successfully apply for your mortgage can reap huge rewards if it helps your loan application sail through to acceptance. Find out all you’ll need to know about the loan application process, including […]
What is Mortgage Stress?
Mortgage stress is becoming the go-to term for individuals or families who are devoting over 30% of their income towards a mortgage and suffering financial hardship as a result. Other industry bodies, categorise mortgage stress on a spectrum. The common definition of mortgage stress is any mortgage holder that is using over 30% of their […]
