The first home loan deposit scheme has an accessibility problem.
By Jacqueline So Where Queensland is concerned, investors have found greater success in looking beyond the metro, and as 2019 comes to a close it seems this trend will continue as the Bundaberg region is producing some strong rental markets.“ The recent CoreLogic Top Rental Performers Report had four Bundaberg suburbs in its best-performing suburbs in Australia, as ranked on gross rental yield (per annum). They were Kepnock and
By Gerv Tacadena The housing market can look forward to an “optimistic” year ahead after the new home building industry recorded a growth in sales, according to the latest market report by the Housing Industry Association (HIA). Over the last three months to November 2019, the sales of private detached homes were 2.8% higher than in the previous quarter. This came after nearly two
Elizabeth Tilley 08 SEP 2019 BRISBANE is on the cusp of a mini boom with house prices set to “accelerate” over the next three years — outperforming every other capital city, a leading industry player predicts. In its Australian Housing Outlook 2019-2022, released today, QBE forecasts median house price growth in the Queensland capital to average 6.4 per cent per annum over the next
QUEENSLAND’S housing market is tipped to lead the country for capital growth in the next two years while prices in NSW and Victoria continue to slide, according to a survey of hundreds of property professionals. The latest National Australia Bank (NAB) quarterly survey of 300 respondents reveals the industry expects house prices in Queensland to increase by 0.7 per cent in the next year
While roughly half of first home buyer respondents claimed to have a clear understanding of the buying process, 61% failed the basic property buying literacy quiz included in the survey. Most first home buyers did not understand lenders’ mortgage insurance (LMI) as 88% were unaware that it covers lenders and not borrowers. LMI is usually paid for by borrowers who borrow more than
This two-bed, two-bath, one car apartment for $440,000 is perfect for a first home buyer. An increasing amount of millennials are saving up for a home loan, new research from Westpac has revealed. More millennials are foregoing their avocado toast and lattes in favour of saving up for a house deposit. Consistent and conscientious savings plans are propelling more first home buyers into the
Australian Dwelling Values Hold Firm In March With Regional Values Recording a 0.4% Rise According to the CoreLogic hedonic home value index, national dwelling values were unchanged in March, with the steady month on month reading comprised of a 0.2% fall in capital city dwelling values while the combined regional markets saw values rise by 0.4%.Trends across the March quarter showed that capital
Australian first home buyers, particularly from New South Wales and Victoria, were seen to have played a more active role in the market over the past year, thanks to the easing in investor activity and the availability of incentives. In a blog post, CoreLogic’s Cameron Kusher said activity from the said group has generally been tracking below average over the recent years. However, due
If you have applied for any of the following: • A credit card • A personal or business loan • A phone, utility or internet plan Then you will have a credit file. It is a report that contains information about your borrowing history and will list any overdue debt and defaults, as well as all applications and pre-approved applications for loans. This information
One in three first home buyers are stuck saving for a deposit for over five years. With one third of young Australians taking more than five years to save for a deposit on their first home, there are plenty of ways you can help your kids get into the property market sooner. The most common ways to help kids acquire a property include: As a
Investing in property is a great way to build your wealth. If you play your cards right, you can be quite well off even before you decide to retire. Setting up a strategy is the key to success. Follow our tips below on how to get this started Follow the success of others Do your research on people who have successfully built their wealth
Tips for obtaining Finance when you are Self Employed If you are self-employed, obtaining finance to buy a property does not have to be a daunting task. If you are organised and on top of your admin and paperwork, you should be able to apply for a loan just as easy as anyone else. Lenders may be hesitant to take on self-employed individuals however,
There are cracks in the foundation. Nothing structural. Nothing that’s going to threaten the stability of the home, but they’re there. Nooks, crannies and holes through which seeps an invisible threat. Colorless, odorless and undetectable by your average human, it is nonetheless the second leading cause of lung cancer in the United States.