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Do you think it is getting harder to buy a house in Australia, especially for Gen Y? In 2010, a survey by Genworth revealed that the average age of first time house buyers had risen to 31 years from about 25 years in the seventies. In July 2015, ABS revealed that the first home buyers accounted for only 15.4% of the buyers in the market.… Read More>>

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Granny_flats

The demand for housing in Australia has averaged to about 164,000 dwellings per year. While there is a forecast for this upswing to stabilise in the next twelve months, the outlook is certainly good for house owners with some extra space to build on.

One attractive option that looks promising is the concept of granny flats, an additional smaller living unit on the same property. Read More>>

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home-loans-for-457-visa-holders

Do you know how many 457 visa holders are in Australia currently?

According to the data released by the Department of Immigration, at the end of March 2016, there were a total of 177,390 457 visa holders in Australia. This number comprised 97,766 primary 457 visa holders and 79,624 secondary (a family member or dependent) 457 visa holders.… Read More>>

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home-loan-approval

Now that you have lodged your home loan application, it is time to hit the
sales and pick up the best furniture on show or is it?
The road from home loan pre-approval to approval is a precarious one and borrowers are advised to maintain the status quo in order to avoid rejection.… Read More>>