The great Australian Dream

For first Home buyers, buying a house in Australia is becoming a dream that is harder to achieve. Even though the interest rates are very low, with the increasing house prices, it not only becomes harder for people to save up the deposit but also service the large loan amount. House prices have increased much faster than our earnings. Follow our site https://www.verticalbricks.com.au/buying-house-in-australia

Housing market is recovering

The housing market is bouncing back due to demand by Chinese investors as Yuan gets stronger against AUD and drop in house prices in major cities in Australia. Buying a house in Sydney has become cheaper for them, however, not for long. Follow our site https://www.verticalbricks.com.au/buying-house-in-australia

House valuation

Value of a house is what somebody is willing to pay. If you are not actually selling your house in Australia, how do you know the valuation? Well get a banker or real-estate agent to do a valuation. Remember; don’t always go with the higher valuation. Follow our site https://www.verticalbricks.com.au/selling-house-in-australia

Housing Market in Perth

Over the past couple of months, house prices have bounced back in Melbourne and Sydney, however, the same trend is not seen in Perth. That is mainly because of two reason, firstly, there is a downturn of mining sector and secondly, not enough migration is happening in Perth. Perth saw big increases in house prices during 2008 mainly because of the demand created by migrants and workers in the mining sector. Buying a House is Perth was becoming almost out of reach of a common first home buyer. Now tides have turned and selling a house in Perth has become very difficult as there are not enough buyers. If you have been thinking of getting in the housing market, this probably could be a good time to invest. Follow our site https://www.verticalbricks.com.au/selling-house-in-australia

Buying a house in Australia – is it necessary to have 20% deposit

Banks recommend that you have 20% deposit for your home; however, buyers find it increasingly difficult to save 20% deposit. Foreg buying a house in Brisbane you need to save $110,000 (estimated median house price in $550,000). For a family of four, in today’s environment it would be nearly impossible to save that kind of money. Well there is another option where banks cover their lending with Lenders Mortgage Insurance. It means, in case you are unable to service the debt, bank will sell the property and pay the loan and if any shortfall, it will be covered by the mortgage insurance company. Typically a home buyer will have to pay for the mortgage insurance and it is in thousands of dollars, depending on loan amount the loan to property ratio. Follow our site https://www.verticalbricks.com.au/buying-house-in-australia