Author Archive

Why Is Now A Great Time To Buy A House In Brisbane?

If you’ve been considering applying for a home loan in Brisbane, then now is a great time to take action. Australian Property Monitors (APM) recently released its quarterly housing report which revealed that Brisbane is the cheapest mainland city in which to buy property. The report showed that Brisbane’s median house price is $429,339, down 2.7 % from last quarter. House prices have fallen for the fifth consecutive quarter, which makes Brisbane a very affordable option for purchasing property.  Read more...

Start Saving As Soon As You Start Working

Many young people put off saving and regard it as something to worry about in the future. For many, investing is scary prospect. There are so many options that choosing the right one can be a very daunting prospect. Home loans, managed funds, superannuation, term deposits… the list is almost endless. Often, this can lead to people ignoring the task, and putting all thoughts of saving to the back of their mind.  Read more...

Why Now Is A Good Time To Fix Your Home Loan?

Statistics show more people are turning to fixed rate home loans in Australia. In September, 16.6 per cent of all new home loans processed were on fixed rate loans, compared with 9.4 per cent in August, according to a mortgage index published by broker AFG. Another leading mortgage lender, Loan Market has also experienced an unprecedented rise in demand for fixed rate home loans, with product enquiries having risen 30 per cent since the start of the year. This shift towards these home loans is expected to continue for some time.  Read more...

Why Rent When You Can Own?

While the rest of the world has experienced plunging property prices over the past few years, the Australian residential property market has remained healthy. One of the main reasons is that demand continues to outweigh supply. Not enough houses have been built to keep pace with our rising population and with the trend toward having fewer people per household. There are a number of factors at play here. One is that financial institutions have been less likely to lend for property and housing developments. Another is that approval processes are taking longer and becoming more onerous. The undersupply of new dwellings is helping keep property prices from falling.  Read more...

The Surprise Costs Of Renting: Why It May Not Always Be The Best Option?

Stepping onto the property ladder can be an intimidating prospect. For many, getting that first home loan will be one of the most important commitments made during adult life. But with rising house prices and the threat of interest-rate hikes, many people choose renting over buying as the easier alternative. However, a closer look at renting may reveal a number of reasons why its not always the best thing to be doing.  Read more...

The Benefits of Choosing the Package Deal

Low introductory home loan rates may be beneficial in the short-term, but package home loans often provide better long-term advantages.

Everyone loves a bargain. Whether it’s a coupon for money off at the supermarket, or a cheap deal on a holiday, it’s always satisfying knowing that you have saved money. Unfortunately, cheap deals are not always what they seem. When it comes to larger investments like home loans, it may pay to be wary.  Read more...

What’s Your Saving Goal?

There’s no such thing as a one-size-fits all savings strategy. Savings options depend heavily on your individual circumstances, financial capabilities and goals. Heritage Building Society deals with customers coming from all walks of life and situations. Some have long-term savings goals. Others just want to make cash quickly. It’s important to realise that there are a range of different saving options that run over various time periods which suit people with many different goals.  Read more...