First come, first served: first home buyer scheme now open
Applications for the new First Home Loan Deposit Scheme are now open, with 10,000 guarantees available to first home buyers looking to get a leg up into the property market.
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6 tips to prepare your property for valuation for a refinance
Looking to refinance your home loan? A valuation is a vital part of the process. So today we’ll look at some ways you can help get your home in tip-top shape. When you refinance to try and get a better deal on your home loan, the lender you’re applying with will arrange a valuation to…
SMEs need more support from lenders to grow: RBA
The ‘pendulum may have swung a bit too far’ when it comes to the tight lending standards currently imposed on small businesses, says the Reserve Bank of Australia (RBA). Since the RBA cut the official cash rate to a new record low of 0.75% on Tuesday, most of the attention has been on whether the…
RBA cuts cash rate, but will the banks pass it on?
The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 0.75%. But will the banks pass on the interest rate cut in full to you? RBA Governor Philip Lowe said this third rate cut in five monetary policy meetings was made to support employment…
Three ways to dive into the property market with a smaller deposit
Three-in-five prospective first home buyers intend to buy soon with a smaller deposit, rather than wait until they have saved a 20% deposit. So how do they plan on doing so? It usually takes between seven to 14 years for first home buyers to save a 20% first home deposit, according to a new report…
Home-ownership within reach: will you qualify for new buyer scheme?
Imagine buying your first home with only a 5% deposit and not having to pay lenders mortgage insurance (LMI). Well, that dream is one step closer to reality after the government introduced legislation to implement the First Home Loan Deposit Scheme. Currently, people with a deposit of less than 20% usually have to pay LMI.…
Has the tide turned? Household lending surges
Lending to Aussie households spiked 3.9% in July, the strongest growth seen since October 2014, according to the Australian Bureau of Statistics (ABS). The bumper month follows a 1.9% rise in June 2019, suggesting the tide has finally started to turn in the lending market. “Whoa. Quite the surge in housing credit in July,” remarked CoreLogic’s head…
The 5 Different Loan Types. Which Is Right For You?
Book Your Free Phone Strategy Session https://inkwealth.com.au The lending market can be so confusing with so many different loan structures available. We want to simplify that for you and break them down into the 5 main categories of loan types 1. Standard Variable Rate (SVR) A Standard Variable loan usually fluctuates with changes in the…
How To Use Your Super To Buy Your First Home
Book Your Free Phone Strategy Session https://inkwealth.com.au In July 2017 the federal government introduced the First Home Super Saver Scheme. It was announced as part of the 2017-2018 budget. The scheme is designed to allow individuals to make additional contributions into their super accounts that can later be withdrawn to buy their first home. The…
Housing affordability the best it’s been since 1999: HIA
Great news for home buyers – housing affordability is the best it’s been since 1999, according to new data released by the nation’s peak housing and building body. That’s right – housing affordability is comparable to the days when the Y2K bug had us fearing for our lives, Nokia Snake was the pinnacle of mobile…