Housing supply has picked up slightly, but with prices rising and demand outweighing supply, there’s no wonder that almost 1 in 2 Aussies don’t think there’s enough choice available

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House prices may be on the increase, but that has not quenched the desire of first home buyers to get into the property market.

According to ME’s fourth Quarterly Property Sentiment Report first homebuyers’ hopes of breaking into the market have jumped dramatically, with half (51%) of first home buyers planning to buy property in the next 12 months, compared to 38% in Q2 2019.

The report performed a survey of 1,000 Australians in the property market – conducted in January, Q1 2020.

At a glance:

• Positive first homebuyer’s sentiment jumped to 51%  from 38%
• Property market sentiment increased to net positive 21% up from 7%
• Ninety-two percent of respondents agree that housing affordability is a big issue in Australia

“Rising property prices carry the risk of squeezing first-home buyers out of the market, however, they also signal a healthier market that presents a worthwhile long-term investment,” said ME’s General Manager Andrew Bartolo.

“In the…

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Business Insider: How to pay your mortgage with a credit card and earn rewards

Business Insider: How to pay your mortgage with a credit card and earn rewards.
https://www.businessinsider.com/earn-travel-rewards-on-mortgage-payments-plastiq

What’s changing in 2020? This is what you need to know about new laws from New Year’s Day.

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First home buyers will receive a boost.(Unsplash: Tierra Mallorca)
The beginning of a new decade is bringing with it a host of changes.

New Year’s Day brings some good news for first home buyers, working parents and pensioners buying medications.

Here’s what else you need to know about what’s changing from today.

First Home Loan Buyers Scheme

The scheme will operate on a “first-in, best-dressed” basis.(ABC News: Rachel Riga)
The program provides a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a property with a deposit of as little as 5 percent.

The Government scheme will support up to 10,000 loans each financial year, starting from 1 January 2020. It will operate on a “first-in, best-dressed” basis.

Under the scheme announced ahead of the 2019 election, the Government will offer loan guarantees for Sydney properties worth up to $700,000, and $450,000 across…

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