August 2013

Victorian first home buyer incentives change next week

By the resi financial blog team, 29 August 2013

First home buyer incentive changes 2013 VIC

First home buyers in Victoria currently looking at purchasing a new home may be interested to hear that changes to first home owner incentives take effect next week (July 1).

This is great news for those entering the market for the first time, as it may make the opportunity of securing a home with a first home buyer loan slightly easier.

In April this year the Victorian state government increased its support for first home buyers in an effort to boost new home sales in the state.

...

Read Full Article

What is the National Rental Affordability Scheme?

By the resi financial blog team, 28 August 2013

What is the NRAS

If you are currently looking at investing in Australian real estate, you may have already heard about the government's ongoing National Rental Affordability Scheme (NRAS).

The NRAS is an initiative which was implemented in 2008 and is designed to give property investors an incentive to offer affordable rental housing to Australian families.

Why should I invest in NRAS property?

When you buy NRAS property, you currently receive an incentive payment of $10,350 per dwelling per annum for up to ten years, with that m ...

Read Full Article

How to get the best fixed interest rates in Australia

By the resi financial blog team, 28 August 2013

How to decide what fixed rates are good deals

When you sign on for a home loan, one of the biggest decisions you will make is whether to opt for a fixed or variable interest rate. There are advantages and disadvantages to both options, however for those willing to do their research and be patient, opting for a fixed interest rate at just the right time can be hugely beneficial.

Here are a few tips that might help you track down the cheapest fixed rate home loan on the market.

Do your homework

In order to secure the best fixed interest rate available, it's important that you h ...

Read Full Article