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…
Mortgage offset or mortgage redraw – many first home buyers are unsure which option is better when it comes to choosing the features of their first home loan. In this special feature, we take a look at some of the differences…
Last month we launched our new monthly ‘FHBA Property Market Update’, designed to keep first home buyers right across Australia informed with what is going on in the property market (including matters that could impact your deposit saving, property planning…
At FHBA we are passionate about helping aspiring first home buyers buy their slice of the great Australia dream. Two of our most FAQs when it comes to buying your first home is ‘Do I have enough to buy my…
Lenders look at a range of factors when determining your (a first home buyer’s) eligibility for your first home loan. Other than the more obvious factors such as income, liabilities & living expenses, the other important consideration is the credit…
Many aspiring & current first home buyers assume that lenders use the current standard variable rate they are offering when figuring out a buyer’s borrowing power. Unfortunately, this isn’t true. Instead, lenders use an assessment rate to work out how much…
In this blog we take a look at what the property market might have in-store for first home buyers in 2018 and what first home buyers should be considering. 2018: the year of the first home buyer? Around a year…
Hotspot in Focus: City of Wyndham The City of Wyndham is a local council area in Victoria, in the outer south-western suburbs of Melbourne, within the Melbourne metropolitan Area, between Melbourne and the regional city of Geelong. Wyndham is a…
‘What time of the year is best to buy a house?’ is an age-old question when it comes to determining when first home buyers should purchase their dream home. In reality, is there any one time that first home buyers…
FHBA Property Market Update 27/11/17 At the 2016 Australian federal election, the Australian Labor Party promised that if they won power they would abolish negative gearing on established properties. While they marginally lost, the Labor Party still has this policy in…