Many Australians are locked out of the property market. The latest ANZ-CoreLogic Housing Affordability report estimated dwelling values were, as of March 2022, a record 8.5 times higher than the median annual household income. Now compare that to March 2020, pre-pandemic, when the ratio was sitting at 6.8. However, despite...
4 simple ways to save for a home deposit
Given the median value of a home in Melbourne was over $800,000 in April, it’s no wonder that getting on the property ladder can seem tough. Your biggest challenge? Saving that all-important deposit – which can take years of scrimping and saving. But all is not lost. With a solid...
First home loan deposit scheme – in simple terms
So we heard on the radio today that over 70% of Aussies see homeownership for first home buyers as almost impossible nowadays. And it makes sense. Now to be fair, we're not sure if it’s actually home prices that are the issue or stagnant wages. Perhaps a bit of both?...