Many parents are the reason first home buyers can enter the property market – but is this really the best idea? Rising property prices are good news for existing homeowners, particularly buyers over recent years caught by rate rises increasing repayments and property values falling. At least the risk of being caught with negative equity… Read more »
“Don’t complain, I remember paying 17 per cent on my home loan…” Yes, Your Honour, I have been guilty of making this comment to my adult children as they complain about rising interest rates on their home loan. But does this argument stack up? History is very clear as this chart clearly shows. BUT things are… Read more »
The Labor Government’s new Help to Buy scheme will be open to 10,000 Australians each financial year. Under the scheme, you can access an equity contribution of up to 40 per cent of the purchase price of a new home and up to 30 per cent of the purchase price for an existing home. The… Read more »
The housing affordability ‘crisis’ has been in the media for months, but all is not what it seems. I know, I’m just as surprised as you. But these are the facts. It goes against every report in the media – and what every adult child is telling their parents – that it has never been… Read more »
I’m all for helping first home buyers get into the property market, as long as it’s done the right way at the right time. I’m not sure the Home Guarantee Scheme is it. I get concerned when help for first home buyers happens at a time when property values are falling (in Sydney and Melbourne)… Read more »
Each week we ask a question to help you focus on an area of your finances that might need a closer look. This week: How can I buy my first home? It’s officially never been harder to get into the property market. Figures released by the Australian Institute for Progress show that it’s almost impossible… Read more »
The Aussie home market is changing, so is this year the ideal time to buy a home? WLTH’s Brodie Haupt walks us through the landscape. With a new year among us, many Aussies are starting to review their new year’s resolutions and consider how many of them are actually achievable in this current economic climate.… Read more »
I don’t mean to be rude, but you need to get your financial SHIT together. That’s your Savings, Housing, Income and Taxes. Allow me to simplify personal finance into a word we’ve all used at some stage to describe our financial position: SHIT. Your money can be as complicated or as simple as you want… Read more »
You’re filing in your home loan application (congrats, BTW), but the request for genuine and non-genuine savings has you stumped. Since when were savings not real savings? When filling out your home loan application, one of the most crucial aspects that your provider will request will be proof of the amount of money you have… Read more »
Receiving “conditional” loan approval from your lender gives you the confidence to start house hunting in earnest, but it’s still not a done deal. Finding the perfect property takes time, and so does securing the perfect home loan. You can’t rush these things. Don’t wait until you’re standing on the nature strip, trying to outbid… Read more »
