Category: save for a home deposit
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How to save for a house deposit faster
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5% deposit scheme, best way to save a house deposit solo, Family Home Guarantee single parent, FHSSS eligibility, First Home Buyer Guarantee, First Home Super Saver Scheme, Grants and subsidies, Help to Buy, high interest savings account Australia Family Home Guarantee single parent, Home buying strategies, how long does it take to save a house deposit Australia, how much deposit do I need for a house in Australia, how to save for a house deposit during recession Australia, how to save for a house deposit faster Australia, save for a home depositSaving a deposit can feel like the hardest part of buying your first home. The good news is it’s probably a smaller number than you think, especially once you factor in the government schemes available. The trade-off is that these schemes come with conditions, caps and a bit of fine print, so it’s worth going in with eyes open. Here are some simple ways you…
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Borrowing from parents to buy a home: the simple guide
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Thinking about asking your parents for help with a deposit? It’s more common than you think. 60% of first home buyers are getting some kind of financial help from family, with the average amount being around $74,000. The so-called Bank of Mum and Dad is now one of the biggest sources of home loan funding in the country. Some estimates put its total contribution at between $22 billion and $71 billion a year, and…
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How much deposit do I need to buy a house right now?
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Buying your first home right now feels… confusing. Prices are high. The rules keep changing. And depending on who you ask, it’s either the worst time to buy, or the best time in years. The reality is, the landscape is changing, and first home buyers are in a stronger position than they’ve been in…
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Case study: I have $500,000 in savings. Should I buy a home now or wait?
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There’s a particular kind of comfort that comes from seeing money in the bank. Not “new-car” comfort. Not “holiday” comfort. The deeper kind: I can breathe. I can handle it if something goes wrong. My kids will be okay. For single mum Jackie*, that feeling matters. Jackie lives in New South Wales. She has two…
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The hidden cost of sitting on cash: what women saving for a home need to know
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Many of us grew up hearing the same message about money. Save what you earn. Be careful. Avoid risk. For women especially, saving was often the only financial lesson we were taught. Saving feels safe. Your balance grows. You can see it. You can touch it. It is there when you need it. But if…
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Taking a financial gap year
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A strategic pause for long-term gain In a culture that glorifies speed and hustle, slowing down can feel radical or even counterintuitive. But for many Australians, a “financial gap “year isn’t about quitting or escaping. It’s about creating breathing space, cutting costs, and resetting for a stronger future. By temporarily relocating to a more affordable area,…