Contrary to popular belief, property prices don’t always rise, and property prices aren’t skyrocketing all over Australia. Sydney and Melbourne might be booming, but did you know that prices have actually been going backwards in Perth and Darwin. The average residential property price in Sydney jumped 23.7% in the two years to September 2016, according […]
When is helping your kids buy their own home a good idea for you? Did you know that a whopping 54% of first time buyers receive financial support from their parents? Also, according to research conducted by Digital Finance Analytics*, the average amount of support is $85,000. This is not just limited to help with […]
Did you hear Kylie Minogue recently called off her engagement because her partner cheated on her? It seems strange that such a beautiful, vivacious star could be treated that way. After all, shouldn’t that sort of thing only happen to ‘undesirable’ men and women? Funnily enough, applying for a mortgage is a bit like looking […]
Applying for a mortgage can be a frustrating and even invasive experience. Not only do lenders ask lots of questions, but some of the questions can seem irrelevant and unnecessarily personal. So why do lenders do this? Lenders always ask themselves two big question when considering home loan applications: ‘If we do approve the mortgage, […]
Buying a home and taking out a loan to pay for it are probably the biggest financial decisions most people will ever make. Home loan repayments then become one of their largest monthly commitments, which can go for as long as 30 years It’s an exciting and daunting prospect. But many lenders can neglect the […]
Do things seem to be pretty tight financially? Are you not saving like you used to? Are you eating into your savings and emergency fund to pay the bills each month? Are you at risk of not being able to meet your mortgage repayments? Even though interest rates are at historic lows you may be […]
Do you know how the lenders get you? It’s with the fine print. You know when you see one of those seemingly attractive offers that sound too good to be true – and just before you jump online to apply you may notice the asterisk at the end? It may be a super cheap home […]
Seeing a great profile on an internet dating site can have a lot of similarities to a very enticing home loan interest rate ad. The best advice might just be to take a deep breath and proceed with caution. My friend once saw the perfect girl on a dating website. He knew she was perfect, […]
Over the last few years the home financing landscape has changed drastically and being approved for a home loan today is becoming more challenging than it once was. That said, if you keep the age old rules of the “5 C’s of credit” in mind you will already be ahead of the pack. Character As […]