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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 percent of parents helped provide deposit or acted as a guarantor on a home loan while their children continue to live with them. …
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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 also depend on the property's location. Eligible buyers on qualifying incomes can avail of up to 10,000 loans each financial …
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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 this, they think that the time is right to buy a property. Some 59 percent of homeowners are confident the market is in good …
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More people are choosing Melbourne as their place of residence. This is expected to continue in the next two decades with some suburbs experiencing a population explosion. According to state government forecast, the increase could be twentyfold. In the western part of the capital city, for instance, Rockbank and Mount Cottrell only had a population of 3,000 as of 2016. By the next 20 years, …
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