New data from the Australian Bureau of Statistics has found that the number of borrowers choosing to fix their home loan has declined since August 2017.

So why are fewer borrowers fixing their home loan rate? And what exactly does this mean for you? Here are the facts.

If you’re in the market for a property, you need to know how much to save for a deposit. Today, we’re delving into what you need to know, so you can budget and prepare yourself to achieve your property goals.

How much do I need for a deposit? According to finder.com.au a home loan deposit is typically 20% of the agreed sale price. As an investor, you generally have to pay more, so be prepared to pay as much as 30% of the property price. The percentages listed above are minimum deposit amounts. If a 20% deposit cannot be made, 10% or more is the recommended minimum. The higher the deposit amount, the less you will pay over the life of your home loan. (So ideally, a higher deposit is better.) The minimum deposit amount between lenders will vary, so check with your mortgage broker if you’re unsure.  What if my deposit is less than 20%? Most lenders require borrowers to take out Lenders Mortgage Insurance if their deposit is under 20% of the agreed sale amount.

Does property double every 7 years? Most savvy property investors know this is not the case in Australia. But is there some grain of truth behind this idea?

According to real estate commentator Michael Yardley, capital growth is the key reason people choose to invest in residential property. After all, every investor plays the game for some kind of return.