Hot off the press in December 2021! The Federal Government has re-released up to 4,650 spots on the Home Guarantee Scheme that allows first home buyers put down a 5% deposit and access to a 95% home loan from a panel of banks. Sound good? Here are some the details. Read Post
When it comes to home loans, there are many decisions to be made. What size loan to apply for? What LVR to use? What interest rate repayment style to use?
The times, they are a changing – they really are. They are changing how much someone can borrow to buy their dream home. APRA, the Banking Regulator, is looking to place new rules on the banks to tighten up lending criteria to ensure Australians can continue to afford their mortgages should interest rates go up. Read Post
It finally happened. After months and months of record low interest rates and home loan rates, Aussie banks have started to increase their fixed rates on mortgages for two-year, three-year, four-year & five-year terms.
Big news! Victoria has launched a new $500 million home-buyer fund. And the best part is that it is not just open to First Home Buyers. Read Post
Just like you can own a fraction of an ETF in your Raiz portfolio or Raiz Invest Super portfolio, you can own pieces of properties via Superestate, the super fund recently acquired by Raiz that looks to democratise investing in property.
It’s good news for property investors! Not only has the Treasury expanded the property price caps for homes purchased under the First Home Loan Deposit Scheme (FHLDS) and Family Home Guarantee, but there will also be more slots available in the new financial year. That means more possibilities for first home buyers and single parent home buyers to get into the market. Read Post
The Australian budget is out, and there are three measures targeting home ownership in financial year 21/22, which is fantastic news if you are looking to get on the property ladder!
Written by Ben Nash, financial advisor and founder of Pivot Wealth.
Raiz Home Ownership have partnered up with Pivot Wealth and General Assembly to deliver a series of free online property focused money education events to make buying a home or investment property more straightforward. Events in the series can be found here.
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The growth in the Aussie property market has been huge in recent years, with the average house price up over 400% since the 1990’s. The strategy of buying property is something that has proven successful across several decades, but what strategy is best in 2021?
When you buy a house for another party you will need to pay Transfer Duty (formerly known as Stamp Duty). However, if you’re a first home buyer in NSW you will only pay a concessional rate or no Duty at all if you meet a set of criteria.
