Are you prepared for a rate rise?
If the cash rate increases, it's important to know how your finances could be affected. Checking you are on the right loan is a good place to start.
If the cash rate increases, it's important to know how your finances could be affected. Checking you are on the right loan is a good place to start.
When banks assess your loan application, they add an extra amount to your market mortgage rate, known as a serviceability buffer.
Buying in a new area is about more than price. Amenities, future developments and transport options are also important considerations.
Struggling to save a home loan deposit? The First Home Loan Deposit Scheme (FHLDS) and the New Home Guarantee could allow you to buy with 5% or as little as 2% using the Family Home Guarantee for single parents.
The First Home Owner Grant (FHOG) scheme was first introduced in Australia on 1 July 2000, to help first-time buyers get a foothold in the property market.