Earlier this month the Australian federal government announced a huge $688 million home builder package aimed at stimulating the construction and real estate sector. Whilst COVID-19 has resulted in a raft of social and economic issues for Australia, this package…
Recently many first home buyers have inquired about buying their first home through an interest-only loan due to cash flow issues. It is definitely possible but it does come with some risks. Interest-only loans are a type of home loan…
How low can interest rates really go in Australia? Since the RBA October 2019’s rate cut to a new record low of 0.75%, first home buyers can now find more home loans with advertised rates below 3% on a variable…
Buying your first home can be exciting but also overwhelming for first home buyers – after all, it is probably the biggest buying decision you will be making in your life, thus far. This is where FHBA comes in! We…
Many aspiring first home buyers have different views on what the minimum deposit requirements are before they can successfully purchase their first home. Many believe that a minimum of 10% or 20% of the property purchase price is required in…
When building the first home your home loan needs are different to buying an established property or a completed brand new property. At FHBA, we understand that constructing a brand new home is a popular option for first home buyers…
Buying your first home ‘off the plan’ means committing to buying a property that has not yet been built. Typically you’ll only have to pay a deposit to the developer/builder and then pay the remaining balance on completion of the…
When building a new home your finance needs are different to buying an established property or a completed brand new property. At FHBA, we understand that constructing a brand new home is a popular option for first home buyers looking…