Buying your first property and getting your first home loan together is a massive step forward in your relationship. It may even be a bigger commitment than saying 'I do' and MoneySmart data reveals that it will certainly cost more. The average amount spent on a wedding is just over $36,000 – whereas the Australian […]
Category Archives: First Home Buyer
Repaying your home loan: Interest only or principal too?
The way that you repay your mortgage matters. A lot. Choosing the wrong type of repayments, setting repayments beyond your means or repaying too slowly could cost you thousands. What is right for you will depend on your budget, your intended use of the property and several other important factors. It's always best to seek […]
First home buyers: is an apartment the right choice?
When buying your first home, each question that you answer will lead to a dozen more – so you had best start finding some answers. One of the first should be: what kind of home are you looking for? There are several benefits to each type of property, but perhaps one of the most cost effective and convenient […]
A handy guide to 3 extra costs of buying a home
Spending half a million dollars (or more) on a home and wondering if you've made the right decision is stressful enough. The last thing you need is unexpected costs coming out of the woodwork and making life even more difficult for you. But the fact is that first home buyers are often stunned by how much […]
Are you looking to invest in property? Here’s why you should always have a 100% Offset Account
Many of us will look into buying an investment property knowing that it will provide the ability to obtain a tax deduction for the ongoing interest expense on the money we borrow to purchase the property. The expectation is that the value of the property will increase over a length of time, giving us a […]