The great Australian dream has long been to purchase your own home. However, this doesn’t mean the process of getting that home is a dream. In fact, it can be a stressful and lengthy experience if you’re unprepared. There are a few hard truths that first and next home buyers need to consider when […]
Tag Archives: deposit
Purchasing property in Australia doesn’t have to feel like an uphill battle. Whether you’re looking for your first home or your first investment property, there are some tricks and tips worth considering to get your foot on that property ladder faster. Research from CoreLogic reported that it may now take the average homebuyer over a […]
Struggling to save up a 20% deposit for a property? You may be pleased to know that it is still possible to get a foot on the property ladder in Australia without a large deposit. Despite recent news of property price decreases, the value of a home in capital cities and many regional areas is […]
Purchasing property with a single income can feel challenging, but when you’re a single parent it may feel more like an uphill battle. However, the dream of home ownership is still achievable thanks to Australian government schemes, grants and concessions that may help you get a foot on the property ladder. The property market is […]
If you are taking the plunge and purchasing your first property, understanding mortgage jargon and concepts can be intimidating. One of the frequent terms that you’ll encounter is LVR or loan-to-value ratio, but how do you define LVR? And why is it important? Loan-to-value ratio or commonly known as LVR is the amount you’re borrowing […]
In a time when property prices seem to be skyrocketing, Aussies may feel like the debt they’re potentially taking on from a mortgage is climbing higher and higher. This can put significant financial pressure on young Australians to service a home loan, particularly in capital cities. The latest CoreLogic figures show that the median value […]
Saving for a home deposit is never easy, especially if you’re a first home buyer living in a more expensive city, like Sydney or Melbourne. And with most financial advice recommending saving up a deposit of at least 20 per cent, you may be wondering if you can still buy a property with a 5 […]