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First Home Buyers securing property with Deposit Bonds
August was Deposit Power’s strongest trading month this year! We continue to see an increase in demand for Deposit Bonds, in particular for first home buyer purchases. Click on this link to read more on the Australian Broker We would like to take this opportunity to...
Is the Property Market Rebounding?
First the good news…… the worst of the property market declines appear to be behind us and it now looks like we are entering a period of greater stabilisation for the remainder of this year and into next. After more than five years of sustained property price growth,...
How to Win When Bidding at an Auction
You’ve done all the hard work getting the customer's loan pre-approved so they can go to auction. But as we all know, the auction process is very stressful for many people. So below are some tips to help them achieve success. We also discuss auction clearance rates...
First home buyers re-enter the property market
After sitting on the sidelines for the past few years, first home buyers have re-entered the market following a decline in property prices over the past 12 months, according to Grant Bailey, General Manager of Deposit Power. “With the property markets cooling in...
Auction Clearance Rates Are Up!
So does that mean the market decline is over? Recent data released by Core Logic (Core Logic News 3rd June 2019) reveals that whilst properties listed for auction were down 27% week on week compared to the same time last year, clearance rates were up from 54.1% to...
Why Banks are shying away from issuing Bank Guarantees
A bank guarantee is an undertaking issued by a bank to a beneficiary for a specific amount of money that has the effect of guaranteeing the liabilities or commitments of one party to another. A bank guarantee cannot be issued unless the bank has some type of asset...
The Property Market & First Home Buyers
Now that the Federal election is over and brokers can breathe a sigh of relief, we can all get on with helping our clients without looking over our backs. Deposit Power issue hundreds of guarantees every month so we have a good idea of what is going on in the property...
First Home Buyer Scheme
Deposit Power welcomes the Coalition’s proposed First Home Loan Deposit Scheme that will offer up to $500 million in equity through the National Housing Finance and Investment Corporation. General Manager of Deposit Power, Grant Bailey stated "given the significant...
Deposit Power Bonds on the rise in cooling market
Sydney first home buyer Luke Handren found his first opportunity to break into the housing market when it cooled in 2017. But the 26-year-old - like most first timers - didn't have enough for a deposit to buy a $550,000 apartment in Pendle Hill in Sydney's west and...
Tips for saving for your home deposit…
The struggle to save is real with the time now being more than 5 years to save for the average deposit amount. With so many struggling to save a property deposit to buy a home, we spoke to several experienced Mortgage Brokers for some tips for prospective first home...