With the direction of interest rates on the minds of buyers as we enter 2024, many first-time purchasers are settling on an apartment rather than stretching finances further to secure a detached house. Prices of detached properties generally rise faster than apartments because of the intrinsic land value. However, apartment living is becoming increasingly popular,…
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Whether you want to upgrade your home or you’re a first-time buyer, the recent interest rate rise imposed by the Reserve Bank of Australia (RBA) on Melbourne Cup day will be of more than passing interest. Families, couples and singles in the throes of buying their next or first property will want to know the…
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If you’re searching for your first property, there’s a lot to think about. Prices are trending up again, you’ll likely wait until next year to see interest rates fall, and it feels as if there are a lot of buyers circling every property you visit. However, the goal and achievement of buying your first home…
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Saving for a deposit for your first home requires discipline and can be hard work, and many younger buyers have decided to leave their home city to build a life in regional Australia. It’s a big move but understandable when interest rate rises push prices beyond budget. It’s smart to rethink your strategy so you…
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If you’re a first-time buyer, you’d be excused for looking for any market statistic that will offer a positive outlook. Buying your first property is a wonderful time in your life, but it can come with the challenges of finding the right property and making sure you beat other buyers to the prize. As we’ve…
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If you’re one of thousands of young buyers about to purchase a first home, your thoughts will soon turn to moving in and decorating. Planning how you wish to live in your new space is a great idea if you want to furnish your rooms comfortably within a budget. These are our top tips. Focus…
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When planning to buy your first home, you must demonstrate to your lender the ability to save money and continue the financial discipline that will see your loan repayments made regularly. First-home buyers should be aware of these eight pitfalls which may undermine a lender’s confidence in the ability to make payments promptly. Large deposits…
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