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Posts tagged with "First Home Buyer"


Interest rate cuts change the market

The property market has seen a lot of change in the past month. We learnt first home buyers might get a new loan help scheme, the Reserve Bank (RBA) made back-to-back cuts to the cash rate, and APRA put out a proposal for a relaxation of regulations on credit assessment. With all this going on, […]

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Aussie home owners turning to professionals for confidence

Did you know that around half of Australian next home buyers struggle with important home financial concepts? New findings from Westpac’s latest Home Ownership report revealed a few alarming facts about next home buyers, including: 56% admitted they fear purchasing at auction 49% did not know exactly what equity is 48% did not know exactly […]

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First home buyers are clueless about buying process

An alarming 61% of first home buyers failed a basic property buying literacy quiz, compared with only 27% of owner occupiers, and a quarter of investors. Home loan lender ME Bank tested the knowledge of 1,000 Australians who are looking to buy their first home or have already purchased an owner occupied or investment property. But it turns out […]

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First Home Buyers Turning to Mortgage Brokers for Education

The biggest hurdle for first home buyers isn’t spending too much money on avocado toast. New research found it’s actually a lack of knowledge. ING’s recent Millennial Homeownership Report found mortgage brokers are leading the way when it comes to educating first home buyers. “Millennials are thinking about their future. They understand that owning a […]

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Everything is about to change for first home buyers

According to new research, everything is about to change for first home buyers. An Aussie Home Loans survey found nearly a third (30 per cent) of buyers taking out a home loan in the next 12 months will be first home buyers. The second largest group applying for a home loan will be refinancers (25 […]

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What is the First Home Super Saver Scheme?

If you’re looking to buy your first home sometime in the next decade, the Government’s new First Home Super Saver Scheme (FHSS) is an absolute no-brainer. The FHSS allows buyers to put money into super (which means the money will be taxed at a lower rate unless you are low income earner) and then take […]

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Tips buying property: Auction, pre-auction and private treaty

Bidding on a property takes strategy, skill and a few clever psychological tricks. Here’s a few tips buying property to give yourself the best chance of winning at an auction, pre-auction or private treaty. Tips buying property at auction Get a finance pre-approval so you know your budget and attend the auction ready to write […]

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First home buyers scared government will abolish grants and concessions

First home buyers are rushing to snap up their first property out of fear the government will abolish the first home buyer grants and concessions. Current concessions include the First Home Super Saver Scheme, which allows entry-level buyers to make extra contributions to their super fund, up to $15,000 a year and $30,000 in total. […]

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Aussies struggling with mortgage terminology

For many people, the world of home loans and mortgage terminology can be confusing. A national survey of 1,006 Australians, commissioned by State Custodians, has revealed that 21% of people admitted they did not understand 11 key mortgage terms. Respondents were asked to define the terms “principal”, “interest”, “refinancing”, “line of credit”, “redraw facility”, “offset […]

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How to buy a house when you have a HECS debt

You can remember it now: sitting in a chair at the back of the lecture theatre, chatting to your friends and ignoring the debt that each day at university was plunging you into. But now you’re older and wiser, and reality has set in. You want to buy a property, but you’re unsure how your […]

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