For first home buyers wanting to enter the property market, a decision needs to be made. The 'what' are you going to buy and 'where'. Current first home buyers avoided the 'traumatic' period of time many existing home buyers endured, where month by month interest rates went up and so did repayments. New first home buyers are going into the market with a clean slate. Their affordability is calculated based upon current interest rates. They know no different. However, wh

On 1st October, the First Home Guarantee was rebranded to the 5% deposit scheme with price caps and income limits removed by a government wanting to support more first home buyers get into the market. The result? According to Loan Market data, since October there has been a 40% increase in first home buyer loan applications. This spike in volume of loans being submitted is an indication of the surge in demand by first home buyers wanting to take advantage of the scheme t

Saving for a deposit is hard. With the increasing cost of living and higher rental costs for those waiting to jump into the market, it...

The RBA announced yesterday afternoon that it was reducing the official cash rate by 0.25 basis points. Immediately after the RBA...