Parents are lending, giving, or underwriting record amounts for deposits to help their adult children buy their first home, making the so-called Bank of Mum and Dad one of Australia’s biggest mortgage lenders. According to Finder’s First Home Buyers Report 2021, which surveyed 1,028 first home buyers, one in three (32%) rely on their parents for…
Articles by Rita Thomas
is a Property Strategist with an accounting background and over 30 years’ Commercial Banking experience. She is a passionate property investor who enjoys helping her clients create wealth through property investment using Metropole’s strategic approach.
Visit www.MelbourneBuyersAgent.com.au
The grass always seems greener on the other side of the fence, doesn’t it? First home buyers are going to desperate lengths to afford a property – including purchasing interstate. According to Finder’s First Home Buyers Report 2021, which surveyed 1,028 first home buyers, 1 in 5 (20%) prospective homeowners are searching for their first…
With our property markets booming, the media is full of stories telling us how the Reserve Bank is going to raise interest rates or APRA is going to intervene to slow down our housing markets. On the other hand, the RBA has stated that it has no intention to raise the cash rate before 2024,…
Dubbed the “Boomerang Generation” after moving back home during the pandemic, Australia’s adult children have started flying the coop once more. A new, nationally representative Finder survey of 1,015 Australians found that 34% of households had an adult kid living at home during 2020. Yet of those 343 Australians who either lived with their parents…
The Reserve Bank has today released its January 2021 credit and charge card data, revealing Australia’s spending habits have experienced a post-Christmas slump. Many Australians put their wallets away in January after an expensive holiday season, with the value of credit card transactions down $5.32 million from December, a 22 per cent decrease in original…
There’s no doubt that the lending environment is different than it was a few years ago. The banks are in the business of lending money and they’re friendly than they have been for a long time now that they realise they don’t have to make provision for all those bad debts that were forecast only…
If you’re anything like many people, you probably think your ticket to financial security is just a pay rise away. “If only I earned more money,” you think, “then I could get ahead financially…” But do you remember the last time you got a wage increase? Where has that extra cash gone? We all have…
More than a quarter of Aussies admit to being less than truthful with their partners about money, according to new research by Finder. The nationally representative survey of 1,004 respondents revealed that more than 1 in 4 Australians (28%) has lied to, or been lied to by a partner about their finances. The survey found…
Living up to a partner’s money standards might be the ultimate test when it comes to love, according to new findings from Canstar’s 2021 Love and Money Report. Their online survey uncovers the acceptable standards for financial habits, money secrets, as well as sharing pin numbers and pay cheques from the opinions of 1,049 Australian…
If you’re apprehensive at the thought of borrowing six-figures (or more) to invest in property, you’re not alone. Here are six of the most common fears that trick people into not investing – and how to move past them.