Banks are blacklisting suburbs where they’re not keen to lend, where borrowers face tougher hurdles to get a mortgage and have to stump up a bigger deposit.
We put all our savings into a deposit to buy our dream home, now the bank’s desktop valuation came in $25,000 less than what we paid for the property.
Even with the new raft of stamp duty exemptions in NSW (and, earlier this year, Victoria), and new data on the most affordable suburbs for first-home buyers, you still need to save a deposit. Here are six ways to slash your spending and save up for your future home.
When does a parent’s generosity stop? When does that generosity become detrimental to our own finances? It’s very hard to draw a line in the sand. It is also a question I get from a lot of my retired clients.
Turned down for a home loan? Don’t panic. Here’s how to turn a no into a yes.
In a booming market, the great Australian dream may seem out of reach. But Barefoot Investor Scott Pape says you can buy your own home, you just need a plan.
Peter wants to help his son out with money towards a home loan. Can this be a gift, or should he go guarantor on the loan? Paul Clitheroe weighs in.
Despite the instant gratification that people may get from accessing their super to buy a home, it is an impossible dream given the objective of super. Super is becoming a $2 trillion political football but it is a giant insurance policy for our retirement not a giant water hydrant to put out a fiery property problem.