John Symond talks about the First Home Owner Grant

The Australian Government's First Home Owner's Grant has probably caused price over-heating in the property sector.

Category:

Education

Tags:

• Aussie Home Loans
• First Home Owner's Grant
• Government Stimulus
• Home Buyers

[aussiehomeloans]

@benjimaster:

Regardless of what the market is doing, Australians will always buy and sell property for investment or as a home the key to making the right decision remains the same whether we are in boom or bust.

Research, due diligence and a sound understanding of your financial position is required before committing to a home loan.

[aussiehomeloans]

part2 Real estate agents do have a vested interest in listing and selling properties so ensure you get your information from a wide variety of sources including property reports from companies such as RPData.

These reports detail previous sales in the area you are looking to buy in and give a good indication of what fair market value is.

[aussiehomeloans]

part3

... Visiting an Aussie mortgage broker is a good place to start in order for them to find the best loans, assess your eligibility, lodge the applications and support you through the process. They will also have some knowledge about the area as well.

Now more than ever, buyers need to do their homework before committing to a property. There are still good deals to be had, but extra caution is needed in selecting the right property. ...

[aussiehomeloans]

part4

Buying a property is usually the biggest investment decision you will ever make, and the stakes are high if mistakes are made. But with careful planning and research, buying a property can be very rewarding for both your bank balance and lifestyle.

[fox20012]

I can barely feed my family and pay the rent now, this property boom is criminal!

For what so a fat baby boomer can own three houses each....

I'm out of this country soon

[benjiimaster]

Thanks John, I was wondering, would you recommend talking to real estate agents about when to buy? Or do you think that they'll just try and convince me into buying one now, and say that the grant hasn't had any effect on inflation whatsoever.