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…
The Reserve Bank of Australia (RBA) has left the cash rate on hold ahead of the 2018-19 Federal Budget which will be handed down next week in Canberra. Disclaimer: Comments made in this article are either general in nature or…
The Reserve Bank of Australia (RBA) has again remained cautious, leaving the cash rate on hold at 1.50% during their April 2018 rate review meeting. Rates have now been on hold since October 2016. How long will they continue to…
The Reserve Bank of Australia (RBA) has again remained cautious, leaving the cash rate on hold at 1.50% during their March 2018 rate review meeting. However, two of Australia’s ‘big four’ banks have revised their interest rates outlook for the…
The Reserve Bank of Australia (RBA) has commenced 2018 by leaving the official cash rate on hold at 1.50% during their first rate review meeting for 2018. The cash rate has now been on hold since August 2016. We explore…
The Reserve Bank of Australia (RBA) ended their last cash rate review board meeting of the year the same way as all other board meetings in 2017 – by leaving the official cash rate on hold at 1.50%. We explore…
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…
The housing finance data for September 2016 was released today by the Australian Bureau of Statistics (ABS). The report showed that the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 13.1% from…