by Wendy Chamberlain | Mar 19, 2020 | Buying a Home
Many first home buyers in Melbourne are still relying on their parents to get into the property ladder. New research has found that more than a third of parents in Victoria provide up to $50,000 in assistance to their children. Data from Mozo.com.au revealed that 37...
by Wendy Chamberlain | Mar 3, 2020 | Buying a Home
The Reserve Bank of Australia today decided to further reduce the current official cash interest rate by another 0.25 basis points. This makes the new 0.50 percent rate the new historic low after the last cut in October 2019. The rate has been kept on hold since its...
by Wendy Chamberlain | Feb 5, 2020 | Buying a Home
The Reserve Bank of Australia today left the current official cash interest rate unchanged at its historic low level of 0.75 percent. The rate has been kept on hold since its last point cut in October. The decision was also expected by analysts or traders although...
by Wendy Chamberlain | Jan 2, 2020 | Buying a Home
First home buyers are set to benefit from the government’s loan deposit scheme, which took effect on January 1, 2020. The first home loan deposit scheme will be available to those first home buyers purchasing properties up to a maximum amount. The threshold will...
by Wendy Chamberlain | Dec 4, 2019 | Buying a Home
The Reserve Bank has held interest rates at the record low level of 0.75% this month. Thanks to the expected increase in consumer spending over Christmas and the New Year, the RBA decided to make no change to interest rates in December. Reserve Bank Governor Philip...
by Wendy Chamberlain | Nov 21, 2019 | Buying a Home
Many Australians believe that now is a good time to purchase a property. This is what a new research has found. The study showed that more than half or 52 percent of Australians believe that property prices in their area will go up in the next 12 months and because of...
