First Home Owners

03/10/19

Keeping it Simple – Saving that Deposit

A Plan to Save means the goal of your own home is on its way. My favourite First Home Owner has this savings plan on the fridge so she is reminded daily of her Big Dream. It’s so easy to be tempted away, even a bit of retail therapy can dent the resolve!  Here are […]
13/09/19

Deposit gap scheme opens the door to home ownership: UDIA’s Connie Kirk

 The introduction of legislation giving effect to the Commonwealth Government’s deposit gap scheme is the first step in easing the pathway to home ownership. The scheme – promised on the eve of the federal election – helps reduce barriers to home ownership by closing deposit savings requirement and effectively reducing mortgage insurance costs. We welcome […]
12/09/19

Financing your new home build

Trying to get into any property area is difficult for First Home Owners, but the Central Coast has always proved to be an affordable option, especially when building in a new estate like Yeramba’s Hamlyn Grove. Adding the attraction of brand new home with personal choices, it makes an enticing option. However, finance for new […]
11/07/19

Housing affordability is the best it’s been in 20 years according to the HIA

House prices may be high, but the combination of lower home prices, improvements in wage growth and lower interest rates have contributed to the ongoing improvement in the HIA Affordability Index for the June 2019 quarter. HIA’s Affordability Index is calculated for each of the eight capital cities and regional areas on a quarterly basis […]
23/05/19

Finally a First Home Owner Loan Deposit scheme

Prime Minister Scott Morrison has announced a new First Home Loan Deposit Scheme that will enable first home buyers to access a mortgage with a 5 per cent deposit. Mr Morrison said: “It can take nine to 10 years for an average household to save a deposit. We want to help Australians realise the goal […]
14/03/19

How to build the perfect home

Some 214,000 homes were built in Australia in 2018, proof that our love affair with owning our own home continues unabated. And while some of us opt for architect-designed homes and others for builds they manage themselves, the house and land package market is booming. But for the novice, the whole process might seem a […]
25/02/19

First Home Owners are better prepared to purchase

First home buyers are continuing to stake their claim on markets across the country with many usurping their competition by being better prepared to purchase. The latest Australian Bureau of Statistics figures show that about 18 per cent of all housing finance commitments is to first homebuyers. Lending landscape Lenders now require more information, including […]
11/02/19

The rise and rise of the millennials as the new home buying forces

With the re-emergence of the 1st home buyer it seems that it’s a new breed that’s the driving force behind this. The Millennial population, who are typically born between 1981 and 1996, represent the most influential age cohort in today’s residential property market. The Millennials are a significantly larger group than Generation X, those born between 1965 […]
01/02/19

Central Coast affordability

Comparative affordability Sydney and Melbourne – the nation’s largest property markets – have endured price corrections over the last 12-18 months. However, these corrections follow on from accelerated property growth: prices in Sydney and Melbourne increased by almost 50% in the last five years to a median house sales price of $960,000 and $783,000, respectively […]

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