2% Deposit for Single Parents – Family Home Guarantee

Have you been thinking about owning your own home but don’t have the required deposit? Are you a single parent? The new Family Home Guarantee scheme allows you to buy a house with only a 2% deposit. From 1st July 2021, 10,000 spots for the Family Home Guarantees were made available to allow eligible single … Read more

New first home loan scheme and price caps for the 2022 financial year

A total of 30,000 places are available under the First Home Loan Deposit Scheme range. As of 1 July, 10,000 additional places are available for the 2021-22 financial year under each of the FHLDS, the New Home Guarantee and the Family Home Guarantee initiatives. The federal government has confirmed new property price caps for the First Home … Read more

Coronavirus (COVID – 19): Information for small businesses, households and mortgage-holders

Coronavirus (COVID-19): Information for small businesses, households and mortgage-holders The Federal Government and State Governments have announced new measures to slow the infection rates in our community of the Coronavirus (COVID-19). These measures impact our economy, individual’s livelihoods, entire industries and businesses. Financial support is available to help you manage the effects of the Coronavirus … Read more

First Home Loan Deposit Scheme

Latest updates on the First Home Loan Deposit Scheme. The scheme is an Australian Government initiative to support eligible first home buyers purchase a home sooner. The scheme will provide a guarantee to eligible first home buyers to purchase a home with as little as a 5% deposit. Under the scheme, borrowers won’t be required … Read more

House hunting your way: alternative ways to find a property

Finding that perfect property isn’t always easy. Despite the number of homes for sale, the unpredictable nature of the market can make house hunting exhausting. If you’ve tried property websites, newspapers and real estate agents’ windows without success, here are five more unconventional strategies to consider trying. Do a letterbox drop This is a strategy … Read more

Smart tips for paying off your home loan sooner

Wondering how you can pay off your home loan sooner? Here are some things you could do. Australian home loan interest rates remain at historic lows, and the opportunities for paying off a mortgage early are better than ever. Used in conjunction with low rates, here are some extra steps that can speed up loan … Read more

Fixed interest rates versus Variable interest rates

Variable rates can move according to market conditions. They can vary up or down as the economy and/or the lender dictates. Variable loans are usually more flexible and allow customers to make extra repayments without any kind of penalty. They normally have either an offset facility or a redraw facility. This means that ultimately, they … Read more

Refinancing could save you thousands

Refinancing could save you thousands – and give you greater flexibility It’s often said that Australians are more likely to divorce their spouse than switch banks. But with plenty of competition in the home loan sector, refinancing can be a good move. There are a number of reasons why you might want to refinance: you can … Read more

Fixed, Variable, Split – Find the Right Fit For You

In Australia, there are a number of ways to structure your home loan repayments. Finding the best option may save you time and money on your mortgage. Here is some information to help you choose the repayment structure that best works for you. Variable rate loans Variable interest rate loans are all about flexibility. Essentially, … Read more

Guarantor Loans

Many lenders allow a family member to help their kids or other family member to buy their own home by providing additional security. The person providing this assistance is known as a guarantor. This is different to being a co-applicant or co-signer. A co-applicant is included on the loan and will be responsible for the … Read more