Homeowners may have noticed there has been growing discussion that housing prices may fall next year, following a predicted Reserve Bank of Australia-led interest rate hike in 2022. But what could a fall in property prices mean for you? The cash rate has sat at a record low of 0.10% since November 2020. While RBA […]
Tag Archives: first home buyer
14
Jul
Jul
Walking through real estate listings and picturing yourself in a home is arguably the most fun part of purchasing property. But getting to this stage may take a little bit of time and a whole lot of paperwork. There are a few factors that would-be borrowers may need to consider before they begin their home […]
05
Jul
Jul
Expecting a decent tax refund this new financial year? Hold off on cashing it in for a short-term reward, as you may want to consider putting it into your mortgage instead. According to the AFR, last year the Australian Taxation Office (ATO) received returns from 13 million taxpayers reporting income of about $827 billion. And […]
29
Jun
Jun
If you’re a first time buyer intimidated by the current property market, you may be tossing up between living in your first property or renting it out as an investor. The latest Australian Bureau of Statistics Lending Indicators show that living in a property as an owner-occupier is still the most popular option for new […]
07
Jun
Jun
Times are challenging for first home buyers, particularly those in capital cities like Sydney or Melbourne. That’s why it’s essential they arm themselves with the best tools to give themselves a fighting chance and succeed in nabbing a home loan. Whether you’re wondering how you’ll ever get a foot on the property market, you’ve saved […]
24
May
May
You’ve overcome two of the biggest hurdles of property purchasing: saving a deposit and getting mortgage pre-approval. Now it’s time to face the last obstacle between you and your first property purchase, and win at the auction. Only last week news outlets reported on a Sydney auction that saw “hundreds” of attendees line a suburban […]
08
Jan
Jan
Despite a year filled with challenges and uncertainty, the Great Australian Dream of owning a home is still alive for many first home buyers. And for some capital cities, such as Sydney and Melbourne, the impacts of Covid-19 on the economy and our day-to-day lives meant that housing prices fell for some months. Paired with […]
14
Dec
Dec
As we prepare to enter 2021, Reduce Home Loans looks back at the last 12 months of property values and shares insights into how you might be able to nab a rock-bottom mortgage rate in 2021. It’s been a rollercoaster year for homeowners and would-be buyers alike. The impacts of the Covid-19 pandemic on […]
04
Dec
Dec
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 […]
30
Oct
Oct
Whether you’re a first home buyer, long-term property investor or just looking to refinance, there’s a lot to think about when choosing a home loan. Most borrowers want to keep repayments low, and many also search for helpful features to aid them in paying down their debt. But did you know the size of your […]