The Help to Buy Scheme is a shared equity initiative by the Australian federal government, expected to launch in late 2024. This scheme aims to assist low- and middle-income Australians in purchasing homes by offering the government as a co-investor.
Help to Buy Scheme: Making Homeownership a Reality in Western Australia? Read More »
Purchasing a property is one of the most significant milestones in life, often representing a substantial financial investment. For blended families, this process comes with unique challenges and opportunities, making it essential to consider the legal aspects carefully and mitigate potential future risks.
Navigating Property Ownership for Blended Families: Key Considerations Read More »
Applying for a home loan is a significant step towards homeownership, but the process can be overwhelming, especially for first-time applicants. At Fox Mortgage Services, we strive to simplify this journey for you by highlighting key mistakes to avoid during the loan application process.
Common Mistakes to Avoid When Applying for a Home Loan Read More »
With home ownership becoming more and more unobtainable for many first home buyers we are seeing an increase in enquiries for rentvesting.
What is rentvesting? Read More »
In May, the Federal Government delivered the 2024-25 budget. It included several measures such as a $300 energy bill rebate and rent assistance aimed at easing the cost-of-living pressures on Australians. Meanwhile, with the government’s stage 3 tax cuts coming into effect from July 1, some aspiring homeowners may see their borrowing capacity grow, along with their net income.
Budget initiatives to help aspiring homeowners Read More »
Are you eager to enter the property market but finding houses out of your budget? Consider investing in a unit or apartment as a smart first step onto the property ladder.
Buying an Investment property: House vs Unit? Read More »
The first change in 10 years to the First Home Owner Stamp Duty Rebates was announced in the State Budget last week raising the no stamp duty threshold from $430,000 to $450,000. The changes were announced as part of a $1.1billion housing and homelessness package.
WA First Home Buyer Stamp Duty Changes Read More »
After 13 consecutive cash rate hikes through 2022 and 2023, many potential homeowners and those with mortgages have been left feeling uncertain. You might be concerned about whether your dream of owning a home has been temporarily derailed. Perhaps you’re questioning how competitive your current interest rate is, or what steps to take towards your
The 6 questions to ask your mortgage broker Read More »
Purchasing your first home is an exciting milestone, but the challenge of saving 20% for deposit – particularly if you’re also paying rent and navigating cost-of-living pressures – can feel like an impossible mission.
Lenders Mortgage Insurance – What is it? Read More »