Posted in First Home Buyers

6 financial pros and cons to consider when buying an apartment off the plan. There are many benefits to buying off the plan just the thought of moving into a brand-spanking new place, or having it as part of your investment portfolio is enticing enough. Let alone the fact that many developers often list new projects on the market at drastically lower prices. However, there are a few pitfalls to be mindful of when it comes to your personal finances and purchasing property off the pl...

Here's a look at what to expect in the Australian property market this season. Let's cut to the chase low interest rates look likely to stay in play for all of 2016, but positive sentiment and hot market activity in our two biggest property markets of Sydney and Melbourne are starting to cool off. Giving a comprehensive insight into market activity, this article covers spring property trends in: - Family housing;
- Medium and high density apartments;
- House and lan...

5 simple steps to budgeting for your next property You've probably already noticed that working out how much you should spend on a property, rather than how much you could spend is a smart approach to money management. Before deciding on where you want to buy, or even what type of property you're after, it's best to think about exactly how much you should spend. And, to help work that out, here are five easy but vital considerations to make when calculating your propert...

Here's what you need to know about saving for a home loan deposit in 2016. We get it, home affordability for first home buyers in particular continues to be a major issue, especially in Melbourne and Sydney. For example, Melbourne's median house price is $713,000, according to Real Estate Institute of Victoria data for the March quarter 2016. While Sydney's median sits just shy of $1 million. What's more, you have probably noticed lenders have introduced stricte...

Have you ever wondered why you manage money the way you do? Do you like to view your growing bank balance on your mobile app? Perhaps you are a compulsive shopaholic showing little attention to how you will survive in the future? You may think that your money behaviour comes from your parents, but research is proving our habits aren't just based on our money lessons learnt as kids. Experts are revealing that brain chemistry plays a big role in your finance habits. The J...