May 2016

What Is LVR?

The mortgage industry is a wide, wondrous world with a language all of its own. One of the many acronyms bandied about is ‘LVR’, which stands for ‘loan-to-valuation ratio’. Here’s what it means. When you are working out what amount you can borrow to purchase a property, the size of deposit you need to save […]

How Much Is The First Home Owner Grant?

The First Home Owner Grant is a government scheme that was introduced in 2000 and after an increase in 2008-09, it has returned to its original figure of $7,000. It’s a one-off payment for eligible first home buyers who purchase or build a residential property to live in. How does it work? While the basic […]