Blog

For many Australians, saving a traditional 20% deposit has become one of the greatest barriers to home ownership. The Australian Government’s 5% Deposit Scheme can provide eligible first-home buyers with an opportunity to purchase sooner and avoid Lenders Mortgage Insurance. The expanded scheme has no income caps, unlimited places and can be used to purchase an eligible house, townhouse or apartment, subject to the scheme requirements and applicable property price caps. For t

Buying your first home used to be simple. Our parents bought homes in the 80’s and 90’s with a handshake, a local bank manager and often one income supporting the household. Back then, house prices were far more closely aligned with wages. Today, the average Australian home is now sitting at around 8 times the average household income, with property prices continuing to outpace wage growth year after year. (cdn.finder.com.au) Fast forward to today and the property landscape h