Posted in Homeownership

When you're planning to build your own home, understanding the difference between a construction loan and a standard home loan is crucial. It's a question we get asked frequently, especially with the increasing number of knockdown and rebuild projects we assist with.Get a construction loan and receive funds as you build. Start today!BOOK NOWHere’s a quick guide to help you understand how they work.What is a Construction Loan?A construction loan is designed specifically for those who are build...

When buying a home, it's not uncommon for properties to sell for more than expected. However, most homes sell for what is considered their 'fair market value'. Understanding this concept and the factors that influence it can help you make a more informed decision.What is property market value?The 'market value' of a property is the price it would sell for in the current market. This value isn't fixed; it's a range influenced by various factors. Sellers aim for the highest possible price, while buyer...

When you're looking for a new home, one of the biggest decisions is whether to build a new one or buy an existing property. Each option has its own benefits and challenges, and understanding these can help you make the best choice for your situation.Building a home lets you design everything to your liking, from the layout to the finishes. You might save on stamp duty and qualify for grants if you're a first-time builder. However, building can take a long time, face delays, and come with unexpe...

As the new year kicks off and routines settle in, many Australians are eyeing a move from city life to coastal charm. What started as a lifestyle choice is now a practical option for many. Before you make the leap, consider these key factors to ensure a smooth transition.1. Is coastal living truly affordable?The days of ultra-low mortgage rates are behind us, and tighter credit conditions have buyers exploring more affordable options. Coastal property markets have become more appealing as buy...

With anticipated interest rate cuts, this year is perfect for buying a new home, refinancing, or exploring investments. As your trusted mortgage adviser, we're here to guide you through these exciting times and help you make confident decisions. Let's navigate this evolving landscape together!Here’s how the FinancePath team can support you this year:1. Guiding you through a changing marketThe property market can feel complex, with interest rates, lender policies, and government incentives con...