The Reserve Bank of Australia (RBA) has all but confirmed that home buyers can expect a reprieve from rising rates, after admitting that it’s rapid succession of rate rises had hit household spending and curbed borrowing. Data from the Australian Bureau of Statistics shows housing finance to owner-occupiers weakened in March, falling 3.4 per cent. […]
What is the most important asset you have? Yourself. Your Health Your ability to earn an income. Probably you would answer “yes” to any one or more of the above. Australians are according to statistics, highly underinsured with record levels of debt and low levels of personal savings. Here are three scenarios to consider What […]
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 […]
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 […]
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 […]
