What is a First Home Owner Grant? The First Home Owner Grant (FHOG) is an initiative by the Australian government to help first home buyers get their dream home. Although it’s a nationwide mandate, every state has its own policies for the grant. It’s a
Affordable homes have always been at the top of every Australian’s demand from the government. A dream that influenced votes over the weekend. Coming out of an apparent victory, Anthony Albanese of the Australian Labor Party is Australia’s 31st minister. Will the demand for low-cost
Fixed-rate mortgages give homeowners immunity from rate hikes or any erratic market movement throughout the life of their loan. Generally, fixed rates have higher interest rates compared to variable rate loans. And that is because part of what you sign up for is the peace
A lot of people aspire to get into the property market, but obviously, it’s not easy. Otherwise, every Australian would be owning a rental home by now, given the great returns the property market offers. One thing that hinders people is, first, the problem with
When done right, investing in property can help you build wealth for your future. In Australia, properties are currently a smart investment. Many people are enthusiastically jumping into the market to make the most of the current low-interest rates to make their first investment. But
The RBA has just lifted the cash rate again this June following the recent hike in May. The target cash rate today is.85%. The official cash rate is at 75 basis points up from the rate the country enjoyed since late 2020. Banks have followed
The Reserve Bank has just announced after its June meeting that the official cash rate is 0.85%. This is the second time the RBA raised the official cash rate ever since it dropped to record lows of 0.1% in November 2020. The last rate hike
Australia’s housing market is one of the most expensive in the world. According to Demographia’s International Housing Affordability (2022), Sydney is the second most expensive city to buy a house in. Fifth on the list is Melbourne. Data shows that if you live in Sydney,
What is LVR? LVR is one of the staple terms in the world of loans, banking, and brokerage. LVR simply stands for loan-to-value ratio, or sometimes, people would call it LTV. It pertains to the amount you borrow against the value of the property. This
The most typical form of property investment is direct ownership. This is when you take out a home loan to buy a house and then rent it out. When the loan is settled, you will get the house title. You get a bunch of benefits
The US economy is one of the biggest markets in the world. A shift in its policies, particularly in interest rates, creates a ripple effect on the entire world. When the US suffered from a financial crisis in 2008, the Federal government had to cut
Many aspire to break into the property market to build wealth. However, that is easier said than done. In fact, thinking that all you have to do is buy properties and wait for them to gain capital growth and collect rental income is a dangerous
The First Home Super Saver Scheme (FHSS) is a scheme that the Australian government introduced to help aspiring first homebuyers save much faster for a deposit. How does it work? By allowing you to save some of your income in your superannuation fund. The taxes
The May 3 decision of the RBA to lift the official cash rate is just one out of the many. It has given a head’s up that more rate hikes are to come. Fuel costs are up and food costs are, too. To damp down
After its meeting on the 3rd of May 2022, the Reserve Bank of Australia (RBA) lifted the official cash rate to 0.35%. In November 2020, the RBA set the official cash rate at a record low of 0.1%. By that time, the RBA announced that