Major think tank player the Grattan Institute says the new federal government plan to help first home-buyers afford a deposit is ineffective and might even be counterproductive.
The Coalition has a plan to help first-home buyers who are struggling to save a deposit by guaranteeing a large portion of their deposit and saving them from having to pay lenders’ mortgage insurance.
The property downturn is providing an opportunity for first homebuyers not seen for some time but it may pay to use some caution if looking to enter the market for the first time.
First home buyers are enthusiastically tapping into their superannuation thanks to a Federal Government scheme.
A leading financial CEO says banks are considering riskier lending as the Melbourne property market softens and it’s first-home buyers that are most looking to get involved.
It’s getting more expensive to build homes in Victoria with building costs rising 5 per cent last year.
Falling property prices are contributing to a bounce in home loan lending and first-home buyers are some of the borrowers responsible for the rebound.
The CoreLogic Property Pulse report has found that owner-occupier first home buyer finance commitments in August hit their highest level since 2009.
The much-loved Bank of Mum and Dad is now the fifth-biggest lender on mortgages in Australia and it’s closing in on the big four banks.
This year the spring selling season presents a good opportunity for first-home buyers.
