Don’t let them do a dash with your cash. As if Aussie home buyers didn’t have enough to contend with, now the soaring price of real estate has drawn the attention of international cyber criminals who have stolen deposit and sales payments totalling millions. Hackers are targeting loose security around the transfer of cash for […]
Haven’s tips to keep the Grinch at bay as interest rates rocket. The message is loud and clear. The Reserve Bank of Australia wants households to tighten their belts to keep a lid on inflation. And to do it they’re making sure we all have less to spend after paying the mortgage. Rates have jumped
Millions of Australians on low fixed-rate loans will be bracing for impact when they expire in the next year. It’s time to get prepared to manage the bill shock of coming off a fixed rate. Don’t panic but start planning Until recently, many Australian mortgage holders have only ever experienced interest rates heading in one
House prices have surged, meaning hidden costs associated with buying a home have jumped too. If you’re on the hunt for a new property, it’s worth checking your budget still covers the extras that can add tens of thousands to your costs. In the past two years, the average house price in Australia has leapt
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 and continues an astonishing climb from
Younger Australians are striking out in the regions. Where are the hotspots and could it be right for you? People have turned their backs on capital cities in record numbers during the past year, seeking a simpler and cheaper life in regional Australia. COVID-19 has not only unshackled workers from CBD offices, but prompted many
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 lending. Surging prices have made
13 tips to trading up in a hot property market. Climbing the property ladder can be a tricky manoeuvre in boom times but there are some simple steps to put you ahead of the pack. 1. Sell then buy, or buy then sell? It’s an age-old dilemma but you need to evaluate the market to make
Despite dire predictions, the Australian property market is booming. How did it happen and where to from here. Feeling richer? The average Australian homeowner has an extra $60,000 equity in their pockets, thanks to a real estate boom no one saw coming. Between March 2020 and March 2021, the average value of an Australian home
Mortgage approval rules are set to be relaxed to try to help the economy recover from COVID-19. But is this a good thing? To help counter the effects of COVID-19 on the economy, the Federal Government has announced plans to loosen the responsible lending laws governing the loan approval processes. The idea is to make
