Bank loyalty can cost existing borrowers: ACCC report
Loyalty is an admirable trait when it comes to our friends, family and loved ones. But if you’re extending that virtue to the banks, then there’s a good chance it’s costing you thousands of dollars.
Is the housing market finally about to reach rock bottom?
‘Are we there yet?’ That seems to be the million dollar question on everyone’s lips. Today we’ll take a look at whether or not the property market is finally starting to stabilise, as well as when we might start seeing some positive changes in the market.
5 ideas to help first home buyers break into the property market
While housing affordability is improving across the country, for many young first home buyers cracking into the property market can feel like breaking into a fortress. Here are five ideas that can help bust down that door.
Why is the bank saying I can’t service a loan?
A question we often get goes something along the lines of: ‘I make my repayments on time, and I save $1,000 per month, why is the bank saying I can’t service a loan?’ Here’s how banks conduct loan serviceability.
Is it better to buy an investment property or home first?
There’s a lot to consider when buying an investment property or home, especially for the first time. Have you been saving for a long time and feel ready to get into the property market? Maybe you’re considering buying a home to live in or investing in a property you can rent out to somebody else. […]
Putting the property price dip into perspective
Sure, the value of the average Australian home may have fallen for nine consecutive months, but it’s far from doom and gloom. Let’s put it all in a bit of perspective.
Four simple ways to increase your property’s resale value
Everyone dreams of investing in a home or business that will fetch them more money than they originally bought it for. Here’s how to roll-up your sleeves and get started.
Navigating the volatility of the Australian housing market
There seems to be near-endless talk and speculation of a property bubble in Australia. Something you’ve no doubt noticed if you keep abreast of the news week in, week out. Okay, the Melbourne and Sydney property markets are hot, let’s face it. Depending on which side of the fence you’re on, that’s fantastic news, or, […]
Will Australian House Prices Crash? five reasons why it’s more complicated than you think!
A common narrative on the Australian housing market is that it’s in a giant speculative bubble propelled by tax breaks, low interest rates and “liar loans” that have led to massive mortgage stress and that it’s all about to go bust, bringing down the banks and the economy with it. Recent signs of price falls […]
How to avoid property pitfalls
If you have seen the movie Money Pit, in which Tom Hanks and Shelley Long play a hapless couple whose home renovations plummet from bad to disastrous with every swing of the hammer, it’s easy to see why buyers should be beware. But it’s not just hidden and costly repairs that can snag home owners […]