Category Archives: First Home Buyer

Want to buy your first home with a deposit of just 5% and pay no lenders’ mortgage insurance? You could be in luck – the federal government will soon reissue up to 4,651 unused Home Guarantee Scheme spots. First home buyers who use the Home Guarantee Scheme fast track their property purchase by 4 to 4.5…

Christmas is fast approaching and there’s a good chance you’ve started turning your attention to gifts for family and friends. But be careful this silly season: more than half of Buy Now Pay Later (BNPL) customers are struggling to pay day-to-day living expenses. Christmas and overindulging: name a more iconic duo. But one temptation to…

Since November 1st some borrowers will find it a little harder to get a mortgage. In October, the banking regulator announced tougher serviceability tests for home loans to take effect from 1st November 2021. So, who will they impact most? The Australian Prudential Regulation Authority (APRA) increased the minimum interest rate buffer it expects banks…

The federal treasurer has given the strongest indication yet that a home loan crackdown is coming, stating that “carefully targeted and timely adjustments” may be necessary to avoid troubled waters. So what could a potential lending crackdown look like?