Thirty-five percent of Australians have given up on ever owning their own home, according to new research by finder.com.au. A national survey of more than 2,000 Australians found 24% believed they had been priced out of the property market. A further 11% said the dream was out of reach but were comfortable with this as long…
A conveyancer is a solicitor, but just deals with property, right? Wrong! The two are different, and it is important to have the right one on your team, in order to avoid paying too much while still getting the advice you need. Buying property is one of the biggest decisions most of us will…
According to the latest QBE Australian Housing Outlook 2017-2020, an oversupply of units and reduced bank lending to investors is expected to dampen price growth in the housing market in coming years. The QBE-commissioned BIS Oxford Economics report analyses historical performance in the residential housing market, based on median prices, and forecasts market movements to 2020.…
Offset accounts and redraw facilities work in similar ways; they both allow you to reduce the balance of your home loan, and therefore the interest charged, by applying extra money to your debt. Redraw facilities allow you to deposit spare income into your home loan account, allowing you to redraw a sum equal to the…