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Anyone trying to buy a home in Australia knows our property prices are among the highest in the world. As a result, it can be particularly hard for first home buyers to break into the market.
There have been calls for its abolishment in the past, and now reports suggest the federal government is at least considering changes to negative gearing.
Deciding to fly the nest and leave the security of your parent’s humble abode can be daunting – especially if you are soaring towards your first home loan. Besides being emotionally prepared for regular home loan repayments and long-term investments there are a lot of other questions you should be asking yourself.
Starting a family is a happy and exciting time, but it can also be financially stressful transitioning from two incomes to one while taking on the extra costs that come with a newborn.
Buying a home is a big commitment, both financially and emotionally. There is quite a lot to plan, organise and consider during the process, besides simply securing a home loan, so here is our list of what every first home buyer should know.
Property investment is a popular wealth creation strategy in Australia, and it’s easy to see why. Houses and apartments can be easier to understand than the share market, not to mention less volatile, and a shortage of stock can guarantee a steady capital gains trajectory.
If you already own your home, the good news is that its value is likely to steadily increase this year.
Unlike the publicly listed big banks, which have a responsibility to maximise profits for shareholders, credit unions, mutual building societies and mutual banks focus on their members – or customers.
Buying property does not automatically guarantee financial success. But make a sound purchase, choose a home loan wisely, and a buyer stands to gain tens of thousands of dollars, even in a slow property market.
Your home loan doesn’t have to rule your life forever. Follow these five smart tips to shrink your debt and own your home faster.
Think you’re too young to start planning towards a financially secure future? Think again. There are simple steps you can take to start managing your money early and take control of your financial security.
If you are considering improving your home or are keen to get into the renovate-and-sell game, there are five risks you should keep in mind.
There are many costs associated with buying a home, and stamp duty is probably the biggest.
In a competitive marketplace, selling a home is no longer a straightforward transaction. But there is a trick that you can use to help add value.
Most of us will spend years saving for a reasonable deposit before finally holding the keys to our dream home in our hand, but there are more hidden costs in buying a home than you may realise. It pays to be prepared for these costs and to budget for them.
Whether you are buying your first home or have prior experience, the process is likely to be emotionally charged and stressful. But you can certainly minimise your stress levels with the right amount of preparation and research.
The tail end of 2013 was a lucrative time for property investors and home owners alike as property prices across Australia boomed thanks to improved confidence and low interest rates.
You could be searching for your first home, upgrading from a bachelor pad to a family home or downsizing after the kids have moved out – whatever your circumstances, visiting countless open houses can leave you suffering sensory overload and feeling confused.
As most would-be homebuyers know all too well, Australia suffers from a housing supply shortage, which experts cite as one of the reasons property prices are among the highest in the world.
It seems the Australian dream of home ownership is shifting, as couples begin to place more financial importance on a single day instead – their wedding day!
To fix or not to fix? Latest inflation figures have changed the outlook for interest rates in Australia.
Most property investors usually start with a property in an area they know well, or at least in the city in which they live. But buying a property investment in another state is also a smart strategic move – and if prices in your own city have reached their zenith, it can be more affordable.
With capital cities across Australia suffering from a housing shortage – which subsequently pushes up property prices – the proliferation of new developments is seen as contributing to meeting the housing needs of our growing urban populations.
In a country where property prices are a common topic of conversation, property investment is bound to be a widespread aspiration. Owning an investment property, done right, is a proven way to build wealth and ensure a more comfortable retirement.
If owning a home is the great Australian dream, surely owning a holiday home is the dream on steroids.