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. 10 Cheapest beach side towns close to Sydney.
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.
Australia’s top 10 suburbs with the highest rental yield.
Considering purchasing a house for an investment property and not sure where to look? Below are Australia’s top 10 suburbs with the average highest rental yield for houses (note these figures do not include units).
Buying property in a sellers market can be extremely difficult. With the current booming real estate market in Sydney, many buyers are missing out on securing a property to purchase. With interest rates at the lowest point in Australia’s history, auction clearance rates at the highest level in many years and property prices increasing by 16% in Sydney over the past 12 months, buying a property has become a more difficult process than ever. The number of affordable properties on the market is far outweighed by the amount of buyers competing for the purchase.
Home buyers and investors need to adjust to the current real estate conditions and realise that there are a whole new set of rules when buying property in a sellers market. You need to do your research, be prepared to move fast and take on a completely different negotiation strategy. Below is a list of things you can do to increase your success when buying property in a sellers market.
The First Home Owners Grant NSW scheme was established to assist eligible first home owners to purchase a new home, build their own home or purchase a substantially renovated Home, by offering a $10,000 grant. The Scheme applies to new homes only.