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Low deposit first home buyers now have $82,000 in equity
First home buyers who bought into the market using the federal government’s 5% deposit scheme have racked up $82,000 in home equity on average, new data shows. It’s been three years since the First Home Loan Deposit Scheme was launched, and while it’s known today as the Home Guarantee Scheme...
Help to Buy Scheme set to kick off in 2024
The highly anticipated Help to Buy Scheme will kick off next year, giving more Aussies a chance to score their dream home. Today we’ll unpack how the new federal government scheme will work, who it’ll benefit, and the fine print you need to know. A key election promise of the Albanese...
More Aussies turn to mortgage brokers for a hand managing hikes
An avalanche of rate hikes over the past 18 months has supersized home loan repayments. But savvy homeowners aren’t panicking. In fact, more mortgage holders than ever before are reaching out to brokers for expert help. A recent survey by the Mortgage & Finance Association of Australia (MFAA)...
Avoiding the underinsurance risk
Over the past year, the cost of pretty much everything has gone up. Inflation is still rising at around 7% per month, way ahead of the Reserve Bank’s target of 2-3% – and, while it means we have significantly less money in our pockets every month and need to budget carefully (5 tips to make your...
Sneaky rate hikes – is your lender behind them?
The Reserve Bank (RBA) may have kept the cash rate on hold but that hasn’t stopped some lenders from hiking their variable home loan rates. Here’s how borrowers are fighting back. Home owners may be celebrating two months of the RBA cash rate staying on hold. But don’t pop the champagne cork just...
