Here's an overview of what's involved if you're considering building a new home for the first time. What's your budget? The first step to building a home is deciding what you can afford to spend. When buying a home that's already built, determining how much money you need is quite straightforward. However, it's not so simple when building. Once you've finalised your budget you'll know if you need finance. We can help determine your borrowing capacity...

Great news for homeowners and property buyers this month. Home loan interest rates have fallen again. If you're in the market for a home or want to invest in property, now is a good time get pre-approval on a competitive home loan. Interest rate news At its July meeting, the Reserve Bank of Australia (RBA) decided to cut the official cash rate for the second month in a row, bringing it to just 1% p.a. a new historical low. Many analysts agree there will likely be at least one m...

In Australia, it's possible for just about anyone with a deposit to invest in property, whether you are a low-income earner on a tight budget, or a well-off with loads of disposable income. Interest rates are very low at the moment and home prices are more affordable than they've been for a while. So, if you've been thinking about property investment, it may be a good time to get started. Rentvestors Rentvestors are often motivated by a desire to maintain their current ...

You may be surprised to discover that how much you spend on day-to-day living can considerably reduce the amount you are eligible to borrow, even if you are a high-income earner. So, if you're planning to buy a home, it may be time to cut back on some of life's little luxuries and set yourself a strict weekly budget. Here's why. Why do living expenses matter? Under the National Consumer Credit Protection Act (NCCP), mortgage brokers and lenders are required to meet '...

Renovating your home or investment property is a fantastic way to add value. But what's the right way to finance the renovation project you have in mind? There are several ways to finance a renovation the option that will work best for you depends on the size of your project, your budget, financial circumstances and your goals. Here's an outline of some of the finance options to get your renovation dreams off the ground! Construction Loan Construction loans are a gr...