Aussies Keeps Loan Ratios Down

Smaller mortgages are the trend with Australians nowadays as house prices soften in Australian capital cities.

Australians have been observed nowadays of borrowing less as homes for sale prices slide.

This trend has further cemented to the Australians the culture of reducing debt which was brought about by the global financial crisis. more…

Like this Post? Bookmark and Share it!:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Diigo
  • Fark
  • Faves
  • FriendFeed
  • LinkedIn
  • MisterWong
  • MySpace
  • NewsVine
  • Propeller
  • RSS
  • Simpy
  • StumbleUpon
  • Technorati
  • Twitter
  • Slashdot
  • Yahoo! Buzz

House Block Areas Shrinks

Australia has been known to have the largest dwellings in the world and these houses are noted to be of high quality, with the average Australian house estimated at 214 square meters.

Now, the sizes of Australian houses have shrunk as potential home buyers are being offered new house and land packages that is a quarter the size than what was supposed to be before.

The shrinkage is blamed on the changing household preferences. more…

Like this Post? Bookmark and Share it!:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Diigo
  • Fark
  • Faves
  • FriendFeed
  • LinkedIn
  • MisterWong
  • MySpace
  • NewsVine
  • Propeller
  • RSS
  • Simpy
  • StumbleUpon
  • Technorati
  • Twitter
  • Slashdot
  • Yahoo! Buzz

Avoiding Rent to Save for Home Loan – Gen Y

Australia’s Gen-Y, otherwise called the young Aussies, has broken the mold.

Once typecast as being fixated with carefree spending and sponging off their parents, these Gen-Yers have flown out of its pigeonhole as the currently ongoing high property prices have changed them from being Generation Egocentric into Generation Prudent.

According to a recent survey conducted on mortgage-holders with the age under 30, it reveals that of the thousand respondents surveyed, 71 percent claimed that they never have rented a property. more…

Like this Post? Bookmark and Share it!:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Diigo
  • Fark
  • Faves
  • FriendFeed
  • LinkedIn
  • MisterWong
  • MySpace
  • NewsVine
  • Propeller
  • RSS
  • Simpy
  • StumbleUpon
  • Technorati
  • Twitter
  • Slashdot
  • Yahoo! Buzz

What home loan lenders really want to know?

Previously, only a deposit and a full-time job are the standard requirement needed to get a home loan, but not with this day and time. Today’s lenders are requiring much more.

What you need to get a home loan? (what lenders want to know)

Today’s financial instability has brought a prospective home-buyer’s complete financial history under the microscope, as home loan lenders try to determine whether they are ever going to get their money back. more…

Like this Post? Bookmark and Share it!:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Diigo
  • Fark
  • Faves
  • FriendFeed
  • LinkedIn
  • MisterWong
  • MySpace
  • NewsVine
  • Propeller
  • RSS
  • Simpy
  • StumbleUpon
  • Technorati
  • Twitter
  • Slashdot
  • Yahoo! Buzz

Buying a Home or Building a Home?

Following the recent release of Australia’s State Budget last week, the next month and a half would be a crucial decision time for people who are planning to buy a house as first home designs buyers are being offered by the federal government with a $10,000 Building Boost for newly constructed properties valued up to $600,000.

The $10,000 Queensland building boost grant is intended for any person or corporation who is intending to buy or build a new home for the purpose of living in, or for renting it out for investment purposes, for homes valued less than $600,000. more…

Like this Post? Bookmark and Share it!:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Diigo
  • Fark
  • Faves
  • FriendFeed
  • LinkedIn
  • MisterWong
  • MySpace
  • NewsVine
  • Propeller
  • RSS
  • Simpy
  • StumbleUpon
  • Technorati
  • Twitter
  • Slashdot
  • Yahoo! Buzz