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 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…
If you have decided to (or are planning to) start a family and you’d like to buy your first home, the last thing you want to worry about is whether or not a lender will give you a loan while…
Should I get into the market with a deposit lower than 20% or should I wait longer and save a full 20% deposit for my first home? Our FHBA Coaches are asked the above question by many aspiring first home…
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…
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…
We are pleased to announce that today we are launching with Mortgage Australia (our latest partner) a new service dedicated to first home buyers across Australia. Recently, many of our blog readers (500 to be exact!) completed our national first…