With the average property price of a Sydney home being over one million dollars, saving a deposit large enough to purchase your first home is becoming near impossible. As a result, home loans with a parental guarantee are on the rise.
Consolidating debt with a home loan refinance can substantially reduce your monthly commitments and help you get your finances back on track. By refinancing to a low rate home loan and combining multiple small debts like credit cards, car loans and personal loans which come with high interest rates you can save thousands on monthly repayments.
Great news for first home buyers comes in the way of a comprehensive package announced by NSW Premier Gladys Berejiklian on Thursday 1st June. The package focuses on additional stamp duty relief for first home buyers, an increase in housing supply to improve affordability and reduced competition from investors.
Beach house on a budget, is there really such a thing? The holidays are over and it’s time to head back to the chaos of Sydney and back to work. A depressing thought for many of us as we dream of a quieter life by the sea.
Today the Reserve Bank of Australia announced they will be cutting the official cash rate by 25 basis points to a new historic low of 1.5 per cent.
Renovating a home is a major expense but if you’re willing to put some time and energy in, you can save thousands by sourcing your own prime cost items, otherwise know as PC items. Below is a list of the cheapest suppliers in Sydney for prime cost items, that I was able to find.
Interest rate cuts are welcome news to Australian home owners as banks respond to this months RBA decision. Yesterday, 3rd May, the Reserve Bank of Australia cut the cash rate by 25 basis points to 1.75% which is an all-time low in Australia.