Tag Archives: mortgage

Buying Your First Home With Little or No Deposit

With the property prices where they are today, it could be a good time to buy your first home.  But getting onto the property ladder is still hard for first home buyers.

Many think that they need 20% of the purchase price as a deposit before they can get a loan and whilst this is true if you want to avoid paying mortgage insurance, there are still ways to buy your first home with little or no deposit. Continue reading Buying Your First Home With Little or No Deposit

Property Investment: Is It Time to Buy?

People investing in property or upgrading the family home are expected to bolster Australia’s property market into 2010.

But plenty of economists are still warning that Australians are paying the highest ever house prices relative to income.

Even finance gurus like “Rich Dad, Poor Dad” author, Robert Kiyosaki, are saying the biggest-ever real estate bubble is about to burst. So how do people know if it’s the right time to dip their toe in and buy an investment property? Continue reading Property Investment: Is It Time to Buy?

Housing starts won't revive without a bit of help - mostly from governments, Michael Pascoe argues.
Two years ago, Reserve Bank governor Glenn Stevens gave punters a very public warning not to bet on house prices rising.

It turned out to be good advice.

Now the RBA is pointing to housing remaining subdued until lower purchase prices, higher rental yields and population growth get us building again. Continue reading

Mortgage appetite rises

Appetite for mortgages has risen for the first time in two years, unofficial data show, offering hope that home prices may lift in the months ahead.

Mortgage inquiries rose in 1.5 per cent in the first quarter of 2012, compared to the first quarter of 2011, according to Veda’s Consumer Credit Demand Index. They ticked up 0.2 per cent from the fourth quarter of 2011 to the first quarter of 2012. Continue reading Mortgage appetite rises

Buying a house? Get a mortgage discount.

BANKS are offering discounts up to 1 per cent off their standard variable mortgage rates to stimulate the home loan market ahead of the crucial spring selling campaign.

With loan growth across the market having dropped back to just 6 per cent over the 12 months to June 30 from an annual average of 8 per cent over the previous two years, lenders are using a range of cheaper offerings to tempt reluctant consumers.

The push is being driven by the banks’ own lower lending costs as they recycle a huge increase in customer deposits into mortgages. Continue reading Buying a house? Get a mortgage discount.