Archive for the ‘First Home Buyer’ Category

First Time Property Investors: Tips for Rookies – Part II

Last week we spoke about four key factors to consider when purchasing an investment property: capital growth, cash flow, tax benefits, and accelerated growth.    This week we will talk about location and professional advice.

Location

You are all familiar with the real estate mantra ‘location, location, location’.  Location is a key factor that can make or break a property investment.

Question: How do you get it right?

Answer:  Research.

You need to find out about … Read the full post »

First Time Property Investors: Tips for Rookies

Property investment is not for the faint-hearted, it is a big decision, and like all investment that involves significant amounts of capital outlay or borrowing; it is not without risk.  However, it is also one of the most solid and proven ways of growing your wealth, and generally involves less risk than the stock market and other capital ventures that can deliver strong returns in short periods of time.  A … Read the full post »

REIQ Call on Government to Assist Housing Industry

In the wake of the COVID-19 pandemic, the Real Estate Institute of Queensland (REIQ) is seeking urgent action from the Queensland State Government to assist in maintaining the stability of the Queensland Property Market – worth in excess of over $1 trillion, and directly employing over 50,000 workers, with many more employed in associated industries.  Activity in the real estate sector contributes in excess of $30 billion annually to the … Read the full post »

Federal First Home Buyers Scheme Launched

On January 1, 2020 the Federal Government launched a scheme to assist first home owners to enter the property market with a smaller deposit.

They will assist 10,000 borrowers eligible for the First Home Loan Deposit Scheme to buy a home with as little as a 5% deposit, as opposed to the normal 20%.  The government will provide a loan guarantee of up to 15% of the property’s value to individuals … Read the full post »

GOOD NEWS for First Home Buyers!

This week the Federal Coalition announced a new initiative to assist first home buyers to enter the property market; The First Home Loan Deposit Scheme (FHLDS) will be available to first home buyers who have saved a deposit of at least 5 per cent. This means they won’t have to save for a full 20 per cent deposit, which is often a massive financial stumbling block preventing and/or delaying buyers … Read the full post »

Housing Demand 2019!

According to respected property commentator and analyst Michael Matusik, first home buyers and downsizers will be the key drivers in demand for housing this year. These two market segments are looking for certain features in property.

What are first home buyers looking for?

Most first home buyers KEY driver is affordability; bank lending is tightening up and house prices, despite the current fall in some capital cities, have risen to a level … Read the full post »

First Home Owners’ Grant UPDATE

The Queensland State Government have made changes to the Queensland First Home Owners’ Grant in their annual budget, reducing it from $20,000 on new homes to $15,000 from July 1, 2018; contracts signed prior to this will still receive the full $20,000, if eligible…but time is running out.

Purchasers must be buying or building a NEW house, unit or townhouse valued at less than $750,000.  You can buy off the plan … Read the full post »

First Home Super Saver (FHSS) Scheme

With continued discussion in the media, and by political representatives about housing affordability in Australia, as we head towards the end of the Financial Year, it is a timely to remind people of the FHSS Scheme that was handed down in the 2017-2018 Budget last year to assist entry level buyers saving for a property.

What is the FHSS?

FHSS was introduced in last year’s Federal Budget as one measure to address … Read the full post »