Buying a home, especially if you are a first-time home buyer, you will come across many financial terms and products. The most common term is what is called “Lenders Mortgage Insurance” (LMI). Being knowledgeable about LMI can enable you to effectively plan for the total cost associated with buying a house and maybe spend less […]
Government Grants and Schemes for Homebuyers: What’s Available Down Under Acquiring a house in Australia could be an uphill financial journey, but numerous government programmes serve to make it a more common task. The programmes provide substantial backing for low- to average-income families, help them acquire a home for the first time, and conduct market
Buying your first home is one of your biggest life milestones, though it can equally become a big challenge considering how unpredictable Australia’s real estate market can be. You never want to be left feeling lost and confused. In this case, here are some simple steps to take to make it easier, including actionable advice
Selecting the right home loan in Australia is an overwhelming process, especially when it comes to deciding between fixed and variable interest rates. Nevertheless, grasping the distinctions can impact your financial undertakings and peace of mind. As a result, whether you are discussing it with a financial mortgage broker in Floreat or seeking the assistance
The Australian Mortgage Market can be a complicated labyrinth with twists and turns, especially if you have no prior experience with mortgage markets. Regardless of whether you are a first-time homebuyer, interested in refinancing your property, or exploring investment opportunities, you must understand how this market works. Given the market’s specifics and the tendencies that
Whether you think it’s a necessary evil, believe it makes the world go round or wish it grew on trees — money is an essential part of life. Take our quiz to test how much you really know about your money and how it can work for you. Answers 1. TRUE. You don’t have to retire to
While you’re getting your head around the macro, don’t lose sight of the micro. Median house prices can vary greatly from suburb to suburb. Here’s the local data house-hunters should have to help make an informed decision. Price growth While property is a long-term proposition, it’s worth comparing the last five years of price growth
With the number of first home buyers in the mortgage market continuing to languish near record lows and property prices peaking 1, it’s clear first home buyers need a savvy savings strategy to round up a deposit. But getting ahead is often easier said than done. Life has to be lived and bills need to be
One in two Australian home buyers1 now borrow via a broker. A dip in sentiment towards traditional banks, tighter lending criteria for investors and better-educated consumers have all helped boost mortgage brokers’ popularity over the past decade. There are, indeed, a raft of reasons to turn to a broker for your next home loan. Here are
It’s no secret tax deductions, in addition to capital gains, remain a carrot for property investors. But tax rules have tightened, and the landscape is always shifting, making it hard for the average person to keep up with what’s claimable, and what’s not. With June 30 creeping up, Haven looks at tax impacts for property