It’s the great Australian dream for many: giving the 9-to-5 grind the flick and running your own show. But when it comes to taking out a home loan, being your own boss can dish up some unexpected hammer blows. Rightly or wrongly, lenders tend to see self-employed borrowers as a higher risk compared to employees. That’s largely because, by and large,
Negative gearing is in the headlines again. But what is it all about, and could it affect you? We explain how negative gearing works, why it’s so popular among investors, and why it’s attracting fresh attention. Australians love property. So much so that more than one-in-ten adults (2,268,161 Australians) own an investment property. So why is property such a popular
Planning to buy your first home? It takes (on average) about five to six years to save a deposit at present. But who’s got the patience to save for six years? Today we’ll look at four ways you could fast-track home ownership. They say patience is a virtue. But the narrator/protagonist of the poem that coined that famous phrase was an idle vagabond –
Thinking of holding off buying until interest rates fall? Wait until you see what could happen to home prices. Here’s why it could make sense to buy sooner rather than later if you’re home loan-ready. September saw the nation’s official cash rate kept on hold once again. But there is growing consensus that the RBA may cut the cash rate
Remember the first time you stepped into a gym? It’s unlikely you swaggered your way over to the free weights rack and started busting out squats. Well, it turns out buying your first home can be just as daunting, with 91% of first-home buyers turning to a mortgage broker for guidance. When it comes to financial decisions, they don’t come
TikTok and Instagram reels are fun, fast and free – but it’s important to be picky about whose content you’re viewing, especially if you’re in the market for a home loan. Chances are, if you’re reading this blog via a social media site, then you’ve also watched a TikTok or Instagram video before, too. In fact, more than 8.5 million Australians
