Posted in property purchase

The 2025-26 Federal Budget introduced a suite of housing and cost-of-living measures designed to shape Australia’s property landscape. Below is a concise overview of the changes and the outcomes they aim to achieve—so you know what’s coming and how it might influence your plans to purchase in 2025.BOOK NOW1. Help-to-Buy scheme expansionWhat’s changing:Government equity contribution increased to up to 40% of a home’s purchase price.Income caps raised to $100,000 for individuals and $...

With the Reserve Bank of Australia (RBA) cutting the cash rate, interest rates have come down. So, is now a good time to buy property? The answer depends on your unique circumstances and goals, but it’s always best to get a leg up on the property ladder sooner rather than later. Here are some compelling reasons to consider jumping right in.Competitive interest ratesIn February, the central bank lowered the cash rate from a 13-year high of 4.35% to 4.10%. Many lenders, including Australia’...

When purchasing a property in Melbourne, especially an apartment, townhouse, or unit, it's crucial to consider ongoing costs beyond your mortgage repayments. One key expense is strata fees, which cover the maintenance and management of shared spaces within the complex. Understanding these fees will help you budget effectively and avoid surprises down the track.What are strata fees?Strata fees, also known as body corporate fees, are contributions made by property owners in a strata-titled build...

Can you believe the year is almost over? As 2024 wraps up, let's look back at the property market highlights and what we can anticipate for 2025.Reflecting on 2024Interest rates remained steadyThe Reserve Bank of Australia (RBA) kept the cash rate steady at 4.35% throughout 2024. Although inflation has significantly decreased since its 2022 peak, underlying inflation remains a concern at 3.5%, still above the RBA’s target midpoint of 2.5%. The RBA doesn’t expect inflation to sustainably hi...

In today’s competitive property market, buying a home can feel like an impossible dream for many young Australians. Rising property prices and stricter lending conditions are making it harder for first-time buyers to break into the market. If you're a parent looking for ways to help your children on their journey to homeownership, this guide will walk you through various options—both financial and non-financial—to make the process easier.Book a call with us today to discuss personalised ...