Last chance for first home buyers to grab $10,000

Posted by Patrick Marion Date added : 02/05/2013

The State Government of Victoria has just announced that the $7,000 first home owner’s grant (FHOG) for established properties will come to an end on 30 June 2013. In the same breath, they have brought forward to 1 July 2013, a further 10% discount on Stamp Duty for first homes valued at up to $60..

Five percent deposit is all I have. Can I buy a house?

Posted by Cheryl Winn Date added : 24/04/2013

This is one of the most common questions I hear from first home buyers. Prior to the GFC I would have had no hesitation in anwsering “Yes” to that question, but as we all know things are quite different now. The “No Deposit” home loan that some lenders were offering are a thi..

Increase in first home buyer numbers

Posted by Patrick Marion Date added : 16/08/2012

First home buyers are rushing back in the market – in increased numbers! New figures show a large increase in first home buyer activity in July as rents keep rising, interest rates fall and better value buying create a compelling environment for young people to purchase. Interest rates play an imp..

More out of cycle rate hikes to come: NAB

Posted by Patrick Marion Date added : 13/08/2012

Australia’s banks could be set to lift rates out of cycle with the Reserve Bank in the not-too-distant future, one economist has claimed. NAB’s chief economist Alan Oster said funding costs are starting to rise once more, which could force Australia’s banks to move their rates well above the o..

Documents you will need for your loan application

Posted by Patrick Marion Date added : 07/08/2012

The better prepared you are for your loan application, the quicker you will get an answer from your lender. Complete documentation also helps in getting a Yes, instead of a No. So, here’s a list of the must have: Identification: A certified copy of a photo ID document such as a Driver’s Licen..