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first home buyers

5% Deposit Scheme Expansion for First Home Buyers

Posted on by Laze Spasevski
5% Deposit Scheme Expanded for First Home Buyers
The 5% Deposit Scheme has quietly become one of the most powerful tools for first home buyers – and the latest expansion is a genuine game-changer. From 1 October, the scheme now offers unlimited places and no longer has income caps. Eligible buyers can purchase with just a 5% deposit and avoid the large cost of lenders’ mortgage insurance (LMI). Provided the property sits under your locati...
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Many Borrowers Turning to Mortgage Brokers

Posted on by Laze Spasevski
Brokers fill gap as branches close
With bank branches closing as services move online, many borrowers are turning to mortgage brokers for personalized guidance that big institutions can no longer provide in person. The number of bank branches across Australia has fallen sharply, down 5% over the past year.  And a staggering 33% over the past five years, according to Canstar analysis of official banking data. With most tra...
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Australians Find Better Value in Building

Posted on by Laze Spasevski
Home Construction Rises as Conditions Improve
With established property prices climbing, more Australians find better value in building. This is reflected in new data from the Housing Industry Association (HIA), which shows new home sales rose 25.9% in September and 4.0% over the quarter. HIA chief economist Tim Reardon said lower interest rates, government incentives and rising property prices have made building comparatively more aff...
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50,000 New Home Guarantee Scheme Places

Posted on by Laze Spasevski
50,000 New Home Guarantee Scheme Places
The federal government has released 50,000 new places under the Home Guarantee Scheme for the 2025-26 financial year, giving more Australians the chance to enter the property market sooner. The scheme is designed to support those who often face the biggest challenges breaking into the market. These include first home buyers, single parents and regional buyers. Since its launch in 2020, more...
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Property Price to Reach New Peak

Posted on by Laze Spasevski
Australia's median property price rose 1.1% during the three months to April, to reach a new peak of $825,349, according to Cotality. All capital cities saw growth during the quarter, ranging from a 0.6% rise in Canberra to 3.4% in Darwin. The broad increase signals steady demand despite ongoing affordability challenges. Experts attribute the rise to a combination of low housing supply, str...
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What Housing Policies ALP Promised to Voters

Posted on by Laze Spasevski
Quick Guide to ALP Housing Promises
Now that Anthony Albanese has started his second term as prime minister, let's explore the housing policies the Australian Labor Party (ALP) promised to voters. Starting in 2026, the ALP will expand the Home Guarantee Scheme to include all first home buyers. Right now, the scheme limits access to 50,000 places per year and sets income caps. The ALP says "the new rules will let anyone apply,...
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Victoria Extends Stamp Duty Concession

Posted on by Laze Spasevski
Victoria Extends Stamp Duty Concession
  Victoria delivers amazing news for all off-the-plan homebuyers as it extends the off-the-plan stamp duty concession for another 12 months—boosting housing affordability and driving new construction. The Allan Government initially introduced this concession in October 2023 as part of its Housing Statement, with an original end date of October 2025. However, the 2025/26 Victorian St...
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How Housing Has Changed Since Covid

Posted on by Laze Spasevski
How prices, rents and rates have changed over the past five years
Five years on from the start of the covid-19 pandemic, the property market is in a very different place, reflecting how housing has changed since covid. When the pandemic started, some banks predicted a crash in property prices. Instead, the national median price fell just 1.7%, before rebounding. By March 2025, the national median was 38.4% higher than in March 2020, according to CoreLogic...
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Banks Are Offering LMI Waivers

Posted on by Laze Spasevski
Banks Offering Special Deals To Certain Professions
Good news if you’re an essential worker! Some banks are offering LMI waivers to professions such as police officers, teachers, firefighters, nurses, midwives and paramedics. Lender’s mortgage insurance, or LMI, is an insurance premium you generally get charged when you provide a deposit of less than 20%. For example, if you were a first home buyer and wanted to buy a $600,000 property with ...
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Housing Scheme Milestone

Posted on by Laze Spasevski
Housing Scheme Milestone
Housing Australia's Home Guarantee Scheme has achieved a significant housing scheme milestone by supporting more than 150,000 buyers since its inception in January 2020. First home buyers or single parents seeking assistance in purchasing a property will find this information interesting. The program limits eligibility, with property price caps varying by state and income caps set at $125,0...
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