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Back up for grabs: 1800 first home buyer scheme spots reissued

Great news just in for first home buyers: the Australian government will reissue 1800 First Home Loan Deposit Scheme (FHLDS) spots from the 2019-20 financial year.  The 1800 spots are back up for grabs because people who previously reserved a spot in the Australian government scheme were unable to complete the purchase of their first home. Their loss can be your gain! The FHLDS allows eligible first home buyers to break into the property market sooner, as you only need…...
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Record-breaking: 5 big property trends in 2021

After a bumpy 2020, 2021 is already rewriting the record books. From property prices, to interest rates, to refinancing - no matter which way you look records are being broken. Today we’ll look at why property market sentiment is riding so high. How quickly things can turn around. It wasn’t too long ago (9-10 months, to be more precise) that many highly-regarded economists were predicting property prices could plummet 30% due to COVID-19. Instead, now we’re seeing official RBA documents…...
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House prices projected to jump 30% in three years: RBA

It’s the document that was never meant to see the light of day. But a Freedom of Information request reveals the Reserve Bank of Australia projects a 30% increase in house prices if interest rates remain low for the next few years. The internal, not-meant-for-public-viewing analysis by the RBA looks at the impact of low interest rates on asset prices, including property. The November 2020 document projects that housing prices could increase by 30% after about three years, so long…...
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Still haven’t found what you’re looking for? Listings to pick up soon

While you were kicking your feet up over the festive season, did you flick open your phone and scroll through real estate listings in your dream location? If so, you might’ve noticed there were fewer properties listed for sale than usual. Here’s why. If you couldn’t find exactly what you were looking for, don’t stress - it’s actually much harder to find ‘the one’ at this time of year. That’s because property listings traditionally drop in December, with 2020 no…...
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Happy New Year! Here’s to a prosperous 2021!

Well, that was a year for the history books. Time to start looking forward, we reckon! And the good news is 2021 offers plenty of promise. So what’s your New Year’s resolution? While we saw the national housing market dip throughout the middle of 2020, it's already started to recover, and many experts predict it'll rebound even stronger in 2021 as the COVID-19 vaccination is rolled out across the country. With that optimistic outlook in mind, now’s a great time…...
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Freedom to move: stamp duty reforms gain momentum

Stamp duty: two of the most dreaded words in the world of property and finance. Fortunately, NSW and Victoria have unveiled some big changes to the inefficient tax this week, and there’s hope it’ll inspire other states to review their own stamp duty arrangements. If you’re unfamiliar with stamp duty, it’s basically a state/territory government tax you pay on certain transactions, such as a car or piece of real estate. How much it costs depends on what state you’re buying…...
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Want to know how much your neighbours paid for their first homes?

First home buyers wanting to crack into the property market can now use an interactive map to see how much their neighbours spent on average for their first home. Snoopy snoop! Everyone loves having a bit of a sticky-beak. After all, we’re only human. And this interactive map, which is being run by the federal government’s NHFIC, allows you to see how much your neighbours spent on average for their first home. It also shows how much your first-home-buying neighbours…...
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Switch lenders if rate cut is not passed on: RBA

Mortgage holders and business operators are being encouraged by the RBA to switch lenders if their bank doesn’t pass on the latest cash rate cut. The Reserve Bank of Australia (RBA) delivered mortgage holders and business operators a Melbourne Cup Day win by cutting the official cash rate by 15 basis points to a new record low of 0.10%. Better yet, the RBA board says it’s "not expecting to increase the cash rate for at least three years”. However, there…...
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The First Home Loan Deposit Scheme is back; bigger and better!

The First Home Loan Deposit Scheme is back; bigger, better and more buyer-friendly than before. If you’re a first home buyer who missed out on the first two rounds, then here’s how to make it a case of third time’s a charm! It’s federal budget week, and this year’s big winners in the world of property and finance are first home buyers, with the federal government announcing a fresh extension to the First Home Loan Deposit scheme (FHLDS). Today we’ll look at…...
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House prices tipped to surge 15%, RBA hints at cash rate cut

Strap yourself in: Australian house prices are tipped to experience a mild COVID-19 dip before surging 15% over the following two years, according to some of the nation's top economists. And in more good news for homeowners, RBA Deputy Governor Guy Debelle has hinted at further reductions to interest rates, while not going into negative territory. Both NAB and Westpac economists have been quick to jump on board the rate cut hype train, predicting the RBA could cut the cash…...
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