There was two pieces of news last week that will affect a first home buyer’s ability to get a home loan. Why it is about to get harder NAB has named a list of suburbs where some property types will require…
In recent times, most lenders have introduced mandatory policies for ‘Genuine Savings’, as a result of the greater number of first home buyers & investors that were applying for loans with minimal deposit & savings. Genuine savings are critical for…
The housing finance data for August 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 rose to 13.4% from…
Earlier this afternoon the Reserve Bank of Australia (RBA) board decided to leave the cash rate on hold, at a record low of just 1.50%. It was the first RBA board meeting with new Governor Philip Lowe in charge. The RBA noted…
The housing finance data for July 2016 was released on the 09th of September 2016 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…
If you are about to buy your first home you may be asking yourself, ‘should I fix my home loan or not’? Especially with interest rates at an all time low. Today we take a look at ‘variable’ home loans versus ‘fixed’…
If you are reading this blog and you have saved a deposit, I firstly want to start off by congratulating you. It is no easy feat to save a deposit in this low interest rate environment that we are currently live…
Recently we announced that we have partnered with Mortgage Australia Group (MAG) to provide first home buyers with a comprehensive mortgage broking service no matter where they are located in Australia. FHBA co-founder Taj Singh explained one of the key…
When you begin your search for a home loan there is a lot to take into consideration. It is not just as simple as just finding the cheapest home loan rate (although a low interest rate is one of the…
The housing finance data for June 2016 was released today (the 10th of August 2016) 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…