Posted in First Home Buyers

You’ve picked out your dream home, your offer has been given the thumbs up, and now there’s just one big step left – settlement day. Settlement day is a mix of fun and formalities. As your mortgage manager, we’re here to make sure settlement ticks along without a hitch. What’s settlement day all about? Settlement day is the final step in your home-buying journey – it’s when the property is legally yours and you get those new keys. Your conveyancer ...

Spring typically sees an uptick in property sales and this trend looks set to continue in 2023. With property prices rising in recent months, it’s important to understand how to negotiate like a pro if you’re on the hunt for a bargain this spring. Here are 4 tips to help you negotiate the best deal this season: Tip 1: Comprehensive research A deep understanding of the local property market can be a significant advantage. You’ll be in a better position to make an offer or...

        What is happening with fixed rates? This is a question the FinancePath team are being asked with increasing frequency. Before I address this question and provide my thoughts, lets understand what is happening in the market. What is happening with the cash rate? Although the official cash rate remained unchanged in 2021, it appears that the RBA is abandoning its previous assertion that interest rates will be on hold until at least 2024, with a rate increase now ...

Considering buying a property off the plan? Read on to find out what you need to know if you're thinking about buying off the plan in 2021. What does 'buying off the plan' mean? When you buy 'off the plan', it means the property you're buying is not built yet. Typically, you'll only have to pay the deposit upfront, then the balance of the purchase price once the property is completed. Because an off the plan purchase is a new build home, you may qualify for stamp...

If you live in Melbourne or Sydney in 2021, you may be noticing some strange phenomenon in the property market. Suddenly, it has become unusually affordable to rent in the CBD area, and increasingly difficult and more expensive to get a lease further out of town. It's a unique side effect of the COVID-19 pandemic, and it could present a rare opportunity for Australian first home buyers. In 2020, the Domain Rent Report found that from March to September, inner Sydney and Melbourne unit as...