Rising property prices are making it increasingly difficult for first home buyers to save the deposit required by banks to secure a mortgage. Coupled with rising property prices, it’s becoming more and more difficult for budding buyers to step onto the property ladder. There are some solutions – including being a guarantor on your children’s […]
Regardless of whether you plan to sell your property now or years into the future, some simple home improvements will not only add value to your property, they will also increase the quality of your day to day home life The first and perhaps the most important method for increasing your properties value is to […]
I read the following article in the Adviser magazine. The strong Australian Dollar and the Global Financial Crisis have made Australian homes more affordable. A popular conversation topic around the dinner table in rented holiday homes across the country over the past month has been whether it makes sense to invest in a beachside property […]
New home loan borrowers continue to reject fixed interest rate mortgages, with demand dropping to a new record low, according to a survey by a national mortgage broker. The national mortgage broker said that demand for fixed rate mortgages dropped to 0.88 per cent of all new loan approvals in January, from a previous record […]
Most banks have tightened their lending requirements and now require genuine savings of the deposit on a loan. It is not always possible for us to have the genuine savings and at Individual Home Loans we have two sorts of loans that don’t require genuine savings. NON – GENUINE SAVING LOANS- We have access to […]
It requires careful consideration but knocking down an old home to build another can prove a rewarding move. While renovating or moving home may be more traditional methods of solving a housing issue, knock down rebuild projects are becoming an increasingly popular housing strategy. According to the Housing Industry Association, around 21,000 rebuild projects are […]
There are a number of proven strategies to help you better manage your mortgage in a rising rate environment. There is little doubt that we’re now firmly in an upward rate cycle. The Reserve Bank of Australia (RBA) has already pushed rates up tree times and all rhetoric coming from the bank – supported by […]
Finding a good real estate agent is the first step to maximising your chances of a smooth sale and a good price for your property. Many people make the mistake of seeking out the highest selling agent from the biggest company, but while a good track record does count, there’s a lot more to picking […]
There appears to be some confusion out in the market that the First Home Owners Grant has finished, which is not the case. From 1/10/09 the First Home Owners Grant on purchase of an existing residential dwelling has been reduced to $10,500 and from 1/01/2010 will reduce to $7,000. For construction of a house the […]
