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The First Home Owner Grant (FHOG) offers various benefits and incentives to help individuals achieve their dream of homeownership. These programs, backed by Federal and State Governments, aim to widen the pool of eligible buyers and make homes more affordable. With low deposit mortgages, reduced Lender Mortgage Insurance (LMI), and mortgage rate discounts, first-time buyers … Continue reading “First Home Owner Grant – Explaining the Difference in Grants for Each State”

As spring unfolds, the property market typically witnesses a surge in sales, and this trend seems poised to continue in 2023. In the first week of spring, more than 2,400 properties were slated to go under the hammer, marking a 13 percent increase compared to the same period in 2022. With property prices on the … Continue reading “Negotiating a spring bargain”

The year 2023 has marked a significant chapter in the history of the Reserve Bank of Australia (RBA), with a relentless drive to elevate the cash rate to its highest point in over a decade. This move has been orchestrated by the RBA as a formidable weapon against the looming threat of inflation. Just last … Continue reading “Navigating the risks of rate rises”

Property investment doesn’t necessarily require a large budget. With the right strategies and considerations, you can enter the property market even on a limited budget. Here are some smart investing tips for the budget-savvy: 1. Unlock Your Home’s Equity Equity in your home can serve as a valuable source of funds for property investment. Refinancing … Continue reading “Smart investing for the budget-savvy”

Spring has ushered in a season of anticipation and dynamism, both for aspiring property buyers eager to enter the market and vendors eager to secure a sale. Traditionally, the real estate market experiences a surge in activity during this period, and signs of this resurgence are already apparent in the intensifying auction landscape. In the … Continue reading “Spring 2023 Update”

With interest rates shifting and many fixed-rate loans nearing their expiration, refinancing has become a consideration for numerous individuals. As fixed-rate loans end, some borrowers are anticipating a significant increase—up to 63%—in their monthly mortgage payments. If you find yourself in this situation, it’s important to understand the costs associated with refinancing. Here’s a breakdown … Continue reading “How much does it cost to Refinance?”

Spring has sprung, and the property market is buzzing with excitement. Despite the Reserve Bank of Australia’s series of interest rate hikes since May 2022, property prices continue to climb in many markets, with a 0.7% increase in July marking the fifth consecutive month of gains. If you’re looking to buy this spring, here are … Continue reading “Preparing for a spring property purchase”

Spring Real Estate Update: Housing Market Trends and Pre-Approval As spring approaches, the real estate industry gears up for its busiest period of the year. If you’re considering entering the property market, staying informed about recent developments is crucial. Here’s a snapshot of what’s been happening in the property world and how it might impact … Continue reading “August 2023 Update”

Have you ever wondered how lenders decide whether to grant you that coveted home loan? Your credit report holds significant importance in their decision-making process. Think of it as your financial report card, showcasing your payment habits and borrowing history. Since the introduction of the Comprehensive Credit Reporting (CCR) rule in 2019, your credit report … Continue reading “First home buyers: Credit report 101”

Stuck in an expensive home loan and feeling trapped? You’re not alone. It’s estimated about 16 per cent of households with a mortgage are in a “mortgage prison”, unable to refinance to a more competitive interest rate because they can’t meet strict serviceability rules. But there may be a way out. And we can help. What is … Continue reading “Escaping mortgage prison – Nexgen Lending”