We all love the idea of nabbing a bargain property, but for most home buyers the real issue is whether they’re overvaluing a place – and paying too much in the process. Buying a home is an exciting prospect, but it’s perfectly natural to have a big dose of nerves given that you’re likely committing […] The post How to know if you’re paying a fair price appeared first on Fundamental Business Finance ..read more

Where you put your car keys, who won the footy premiership three years back, the new prime minister of New Zealand’s name – all very much socially acceptable things to forget. Your home loan rate shouldn’t be on that list. It’s a fair bet that your home loan repayments are one of your biggest household […] The post Can you remember your home loan interest rate? appeared first on Fundamental Business Finance ..read more

When it comes to buying investment properties, younger Australians are punching above their weight, with Millennials taking the title as the nation’s most active generation for property investment. Investors are continuing to flock to the property market, with the Australian Bureau of Statistics saying the volume of new investor loans in February was 21.5% higher compared […] The post Plot twist: Millennials are Australia’s most active property investors appeared first on Fundamental Business Finance ..read more

You may not feel richer, but if you’re a homeowner, there’s a decent chance your personal wealth has surged over the past 12 months thanks to soaring property values. And it could open up a world of exciting possibilities. Sometimes you’ve just got to shake your head in disbelief at the resilience of the property […] The post Homeowners now an extra $71,000 richer (on average!) appeared first on Fundamental Business Finance ..read more

Nobody likes missing out on a good thing. But then again, who likes overpaying? So how do you strike the right balance when both fears can work against one another? The property market rarely stands still. Interest rate movements, the number of homes listed for sale, and even the time of year can all drive […] The post FOMO, FOBO and FOOP – how they can hold you back appeared first on Fundamental Business Finance ..read more

There’s something very special about moving into a newly built home or putting the finishing touches on a major renovation. Maybe it’s the look and feel of new paint and fresh flooring, or just knowing you’ve kicked a worthwhile goal. Whatever the motivation, plenty of Aussies are rolling up their sleeves right now, with the value […] The post Explainer: how construction loans work appeared first on Fundamental Business Finance ..read more

Spare cash can be tight right now (cost of living crunch, anyone?). But if you’ve still got some savings plus a home loan, there’s a way you could make your surplus funds work harder. Ever heard of an offset account? They’re becoming an increasingly popular add-on feature to home loans, with new data showing that […] The post Why offset accounts are hitting new highs appeared first on Fundamental Business Finance ..read more

Need a home loan in a hurry? You could be in luck. Plenty of lenders are keen to crunch loan approval times at present – but there’s a lot borrowers can do to potentially speed up the process, too. Finding a home to buy can take time, and when the right place comes along it […] The post How long does it really take to get a home loan? appeared first on Fundamental Business Finance ..read more

Great news for home buyers! After an extended run of low listings, the number of homes coming onto the market is skyrocketing. So could this have an impact on the property market? Let’s take a look. Take a look around your local suburb, and chances are you’ll see freshly minted For Sale signs popping up all over […] The post Home buyers rejoice! More listings are hitting the market appeared first on Fundamental Business Finance ..read more

Lending to property investors is soaring once again. We lift the lid on what’s driving investor interest – and what it could mean for the property market throughout 2024. It looks like property investors are back … and in a big way. The latest ABS figures show that in December 2023, banks lent over $26 billion in […] The post They’re back! Why property investors account for one-in-three new home loans appeared first on Fundamental Business Finance ..read more