Interest rates are a big factor in each repayment and the total cost over the life of a loan, so staying on top of your current rate, as well as the interest trends across the market, is essential. By staying on top of interest rates, borrowers can make informed decisions about choosing a first-time home […]
First home buyers have been drifting out of the market, while investors have been piling in, according to the most recent data from the Australian Bureau of Statistics. June was the fifth consecutive month in which the number of first home buyer loans fell and in which the share of first home buyer loans […]
Housing values rose 1.6% in July 2021. This increase takes Australia’s housing values 16.1% higher over the past 12 months and 14.1% higher over the first seven months of calendar 2021. CoreLogic research director Tim Lawless says, “The 16.1% lift in national housing values over the past year is the fastest pace of annual growth […]
New analysis from CoreLogic has found that buying a property is cheaper than renting for 36.3% of homes across Australia. This is an improvement on the last time this analysis was conducted, in February 2020, when it was cheaper to buy than rent 33.9% of homes. ‘Cheaper to buy’ means it takes less […]
There are lenders that will consider ATO debt All Australians are required to lodge a tax return each financial year, but for the self-employed, this is complex and time-consuming, so it often doesn’t get done on time. In addition, many people make mistakes on their tax returns which can come back to bite them years […]
The price caps for homes purchased under the First Home Loan Deposit Scheme (FHLDS) have been raised by $100,000 or more across most states and territories barring the ACT, where they remain unchanged. Given the strong growth in property prices this year, this is welcome and timely news for prospective first home buyers. The table below shows the […]
Here are some reasons first home buyers are hesitating to buy a house: Demand for property from home buyers and property investors is high. There is so much competition in the market. Recent figures indicate that investors are making a return to the property market. Australian Bureau of Statistics (ABS) data shows that in April […]
Are you wanting to get the best possible return from your investment property? Did you know that you can reduce your taxable income and maximise your earnings from your investment? It’s important to speak to an accountant before doing so but here are three of the most basic tax benefits that are available to you […]
The rapid surge in housing prices throughout 2021 hasn’t affected RBA’s stand on the cash rates. The bank held the cash rates at 0.1 per cent in June and is adamant that it will keep the cash rates low until at least 2023. This has helped in creating a property boom in Australia. Housing prices […]
The Reserve Bank of Australia has found that an average home would have cost you about 2.5 times the average household income back in 1990. Jump to 2021, and the disparity has increased by 100%. Housing across Australia costs five times the average household disposable income in 2021. The cost of buying a home in […]
Cornerstone Home Loads deliver a personalised approach with a focus on long-term relationships. Our exceptional results have earned us a strong reputation in helping you achieve homeownership and financial goals.
