Category

Buying My First Home

First home buyer profile

By Buying My First Home, News

Caitlin and Joel Loan amount: $670,000. Monthly repayments: $2700. Grants accessed: First homeowner $15,000 and 2020 HomeBuilder $25,000. Deposit: 15 per cent plus 5 per cent guarantor finance to reach the 20 per cent threshold required to avoid paying Lender’s Mortgage Insurance (LMI).   While 2020 was the year many…

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Going for broker

By Buying My First Home, Finance Help, News

In a year when just about every real estate record was broken, home buyers turned to mortgage brokers in droves. More than two-thirds – a record 66.9 per cent – of residential mortgages were written by brokers in 2021.1 That’s a leap of 6.8 per cent on the year before…

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Pitching in without falling out

By Buying My First Home, Finance Help, News

Lenders are helping parents boost their children’s buying power without putting their house or relationships on the line. Despite a patchy customer service history, the Bank of Mum and Dad is soaring to new heights as the property market booms. And no wonder – conditions are perfect to drive inter-generational…

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Are Home Buyers Back in Power?

By Buying My First Home, Finance Help

With the uncertainty of tax changes gone, a lessening of borrowing restrictions, and a new scheme to help first home buyers –  coupled with two interest rate drops – it looks like things are swinging back into the borrowers’ favour. The election result took most of us by surprise. The…

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