There’s a big ‘lifestyle’ aspect associated with buying a home, it’s not just a financial decision. When it comes to lifestyle, one topic that has become increasingly relevant for homebuyers — especially here in Victoria — is home security. Over recent months, there has been a noticeable spike in aggravated burglaries across Melbourne, with offenders […]
Home Security – Priority for Homeowners
Ep #113 – Ignoring HECS for higher borrowing capacity
https://media.blubrry.com/longpropertyshow/content.blubrry.com/longpropertyshow/Episode_113-Will_Banks_Ignore_HECS.mp3Podcast: Play in new window | DownloadSubscribe: RSSRecent policy reforms could significantly boost borrowing capacity for many Australians, particularly first home buyers… Under the changes, certain lenders may now exclude student debt/ HECS commitments from serviceability calculations, effectively increasing how much borrowers can qualify for. This shift could open the door for more aspiring homeowners […]
Pre-fab, forecast to triple within 10 years
Certain lenders are now expanding their policies to include construction finance for pre-fabricated (pre-fab) dwellings. Traditionally, lenders have only financed ‘ground-up’ construction, requiring builders to follow a staged payment structure tied to progress on-site (where the lender has security). However, with the growing adoption of pre-fab construction – CBA forecasts the sector to triple over […]