The Australian housing market ended 2019 on a firm footing, with NAB’s Residential Property Index climbing to its highest level in nearly 6 years. NAB’s survey expectation is for price growth to accelerate in all states in 2020-2021, led by NSW and VIC. Property professionals also see price growth overtaking rents for the first time…
How to apply for the First Home Loan Deposit Scheme
January 1, 2020, has heralded a new year, a new decade — and the beginning of the PM’s First Home Loan Deposit Scheme. Scott Morrison announced the scheme during the crucial last days of the May election campaign, stating it would allow first-time buyers to enter the market sooner by requiring them to save deposits…
5 deposit hacks to help first home buyers save
Saving up the deposit for your first home can sometimes seem like an insurmountable challenge. But like most mountainous climbs, if you have done your research, know how to get there, understand what it takes to get there and know where the top is, you will reach the summit. Whether you are saving as a…
Big wins forecast for Queensland
A massive jump in house prices is forecast for Brisbane over the coming three years, almost double the nearest Australian state capital, with major Queensland cities close behind. Latest analysis by BIS Oxford Economics has forecast a massive 20 per cent growth in house prices in Brisbane, with demand driven by its relative affordability compared…
First home buyers with 5 per cent deposit will have government backing to get it up to 20 percent deposit
First home buyers will get government support to get to a 20 per cent house deposit if either the coalition or the Labor Party wins the federal election. Prime Minister Scott Morrison announced the policy at the Liberal election campaign launch in Melbourne on Sunday, which was then matched by Bill Shorten. The First Home…
First home buyers hit 6 year high
The number of first home buyers in the nation’s housing market has hit a six-year high, with Queensland recording one of the biggest jumps in owner-occupier loans. New home lending figures from the Australian Bureau of Statistics reveal the share of first home buyers rose from 26.8 per cent to 27.1 per cent in February.…