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First-Home Buyers

Thumbnail image for Buying Real Estate: Changes to the First Home Owner Grant – the facts

Buying Real Estate: Changes to the First Home Owner Grant – the facts

First home buyers of any type of property in NSW will be eligible for a $7000 grant for the purchase of any property – a new or existing dwelling. This is called the NSW first home owner grant. To be eligible for the additional supplement of $3000 you must purchase between November 11 2008 and June 30 2010. This is called the NSW Home Buyers Supplement.

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Thumbnail image for Michael Marquette’s “View from the Bridge”: The Media’s Mixed Messages

Michael Marquette’s “View from the Bridge”: The Media’s Mixed Messages

Price Obsession, Credit Explosion and the Road Ahead. The media’s obsession with the possibility of property price increases has been the annoying page filler over the last few weeks. It seems when you need to fill a newspaper column you simply speculate about what could happen and hope it comes true. The average first home buyer now borrows $283,000 compared with $229,000 just 2 years ago. Even more frightening is the increase in the size of the average loan to first home buyers over the last decade – they have increased by more than 220%.

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Wherever I lay my debt, that’s my home!

AUSTRALIA has one of the least affordable housing markets in the English-speaking world and it is not just hurting young people wanting to buy their first home, new research shows. The AMP-NATSEM (The National Centre for Social and Economic Modelling) report – released today – reveals the dream of home ownership is fading for many […]

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Australia’s Mortgage Black Hole

Home loans are likely to become even harder to get because analysts underestimated Australia’s reliance on the now-shaky securitised mortgage market, and business borrowers could be foremost among those feeling the mortgage squeeze. Around 13% of Australian home loans were security backed – shorthand for mortgages packaged together and sold on the sharemarket – in […]

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