Posted in Australia

In today’s competitive property market, more first-home buyers are teaming up with friends or family to purchase property. Recent NAB research shows joint mortgages have surged by over 33% in just one year, with the biggest increases in Victoria, South Australia, and NSW.If you’re considering co-buying, FinancePath can help you assess whether this option suits your personal and financial circumstances and guide you through the process with expert advice.BOOK NOWPros of co-buying a home1) ...

If you’ve got a HECS-HELP debt and you're planning to buy a home, you might be wondering how it impacts your borrowing capacity. The good news? Recent changes to HECS-HELP repayments and indexation could make it easier to qualify for a home loan.Thinking about buying your first home? Understanding how your student debt affects your loan application is key to borrowing smarter.What’s new with HECS-HELP?The federal government has introduced several changes to ease the pressure on student loa...

BackgroundChris, a long-term FinancePath client of over 15 years, first approached us at age 28. At the time, Chris had a reasonably good-paying job early in his career but only $10,000 in savings. Renting in inner-city Melbourne and travelling overseas meant saving for a deposit felt impossible — especially 15 years ago when government support for first-home buyers was limited.“I realised that I probably needed to start to plan for the future.”The ChallengeThe biggest hurdle was raisin...

Ever dreamt of waking up in a cosy mountain retreat or a beach shack overlooking the ocean – and calling it your own? Sounds pretty good, right?Whether you’re chasing a sea change, a tree change, or just a spot to unwind, buying a holiday home can be a great way to diversify your property portfolio and create your own escape. But before you dive in, there are a few things you’ll want to think about.1) Plan how you’ll use itStart by asking yourself: How often will I use this place...

If you are considering making that next property purchase, we recommend you get a home loan pre-approval first.Not only does it save you time on your property search but also protects you from overspending at an auction.Follow these 3 easy steps to get your home loan pre-approval sorted today:1) Collect your documentsProof of identityProof of income and savingsProof of living expenses and other expenditureEvidence of current assets and liabilities
 2) Talk with us to find outHow much c...