Overview First Home Loan Deposit Scheme The First Home Loan Deposit Scheme is a Australian Government initiative to support eligible first home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of
Although Australia is still building some of the world’s largest houses, the size of free-standing houses have reached a 17-year low, with implications for developers and builders, reveals a new report. Aussies were building the largest free-standing houses in the world seven years ago according to data commissioned by CommSec from the Australian Bureau of
Are you getting confused with all the different first home buyer assistance schemes out there? We have put together a list for you to make it easier: New! Australian First Home Loan Deposit Scheme From 1 January 2020, eligible Australian first home buyers with a 5% deposit can get home loans without lenders mortgage insurance
As housing affordability continues its downward trajectory, pricing many the Australians out of residential markets, the question remains: Is the traditional “great Australian dream” of home ownership still what today’s demographic strive for? While lifestyle and population has significantly changed over the last two decades, housing requirements have also shifted dramatically. In Melbourne, voted the
Discover Nudgee Square: 3-bedroom family homes with a shared pool from $445,000 Imagine finding a beautiful newly built 3-bedroom home, in a supreme location, complete with a shared pool and recreation area, for just $445,000. Nudgee Square offers a unique opportunity for buyers to enter the market at an affordable price-point and purchase a home that
Article Source: BMT Tax Depreciation, September 2019 The Australian Tax Office (ATO) recently released their taxation statistics for FY 2016/17, providing insight into what a ‘typical’ residential property investor looks like. The ATO found 64 per cent of people who own investment properties have an income under $80,000 per year, despite the belief that most
Australia has many rising markets charted by an increasing number of house and unit sales. Market sentiment appears to be spurred on by the Reserve Bank cutting interest rates to historic lows this year, APRA removing the 7 per cent interest rate buffer on mortgage lending, and negative gearing left unchanged. Following a period of decline in some markets, Hotspotting.com.au founder Terry Ryder
The official figures show things are fine, but Australia’s most comprehensive tracking survey finds the typical household is worse off than ten years ago Today’s release of the 17th wave of Australia’s Household, Income and Labour Dynamics Survey (HILDA) tells us that despite the official statistics, people are right if they feel they are going backwards. Funded
Australia’s living standards have stagnated since the global financial crisis, with median household incomes remaining flat since 2019, according to a major national survey. The Household, Income and Labour Dynamics in Australia (HILDA) report from the Melbourne Institute of Applied Economic and Social Research, which has been tracking 17,500 people across 9,500 households since 2001,
Everywhere you look these days, people’s achievements are being celebrated, whether it be in the papers, among our family and friends, or on social media. And why not? Success is a wonderful thing and worthy of celebration, but so to is failure. OK, hear me out on this one. Failure gets a bad rap and most
