Setting yourself up for savings success
What does it mean to have a dedicated savings account for your journey towards your new home?
When you’re starting out on your home building journey, knowing how to save, what accounts to open and how you can bring your dream of home ownership to life can all get a little bit confusing.
One of our best tips to help grow your savings would be to open up a dedicated savings account just for your soon to be home! This way you’ll be able to separate your home deposit savings from your ‘fun savings’ that are set aside for things like holidays and experiences.
Why do we think this is such a great tip for our #homesweethomebuyers? You’re able to almost set and forget about a dedicated savings account! Whether you’re setting aside $20, $50 or $100 a week, setting up a direct debit will help you stay on track with your savings goals and you’ll be on your way to making your first home happen in no time at all.
Don’t forget that saving for your first home doesn’t mean you have to give up all the things you love, it just means that you might have to make some substitutions! Head to our finance do’s and don’ts to find out more.
Our partners at Resolve Finance are here to help you succeed in achieving your dream of home ownership. Make sure to contact the team for all of finance queries!
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Housing initiatives: 2022-23 Federal Budget
The Federal Government have announced an extension to their New Home Guarantees that were introduced with the 2021-22 budget. These initiative create an avenue for #homesweethomebuyers to get into their own home sooner.*
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Building vs buying established. That’s probably the age old question everyone will ask when you’re looking at getting into your own home. We say, why would you want to buy someone else’s home? When you can build your own home, exactly how you would like it and move in without having to lift a finger! Because that’s what we do, make first homes happen for our #homesweethomebuyers.