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Tag: housing market

How do you compare: how much of your pay goes to your mortgage?

The property market is going through a boom phase, which means housing affordability is getting tougher. So how much does the average Australian household need to put towards their monthly home loan repayments in the current market? Let’s take a look. You’ve probably noticed the housing market is going a bit crazy at the moment.…read more

Back up for grabs: 1800 first home buyer scheme spots reissued

Great news just in for first home buyers: the Australian government will reissue 1800 First Home Loan Deposit Scheme (FHLDS) spots from the 2019-20 financial year.   The 1800 spots are back up for grabs because people who previously reserved a spot in the Australian government scheme were unable to complete the purchase of their first…read more

Consumer confidence surging, cash rate cut expected

Recent evidence shows that although we are in the middle of a global pandemic which has resulted in Australia’s first recession in decades, the consumer confidence has bounced back to pre-pandemic levels, confidence in the housing market is booming and experts predict a cash rate cut on Melbourne Cup Day.    What is consumer confidence?…read more