Insights
Taking Control insights helps you get professional insight and perspective on financial topics that you need to know.
Body Corporates, what you need to know when purchasing a house.
If you are purchasing a property in Australia that has a body corporate, there are a few things that you can expect.
Looking to purchase a home with less than 20% deposit?
When it comes to saving for a home deposit, you’ll often hear people bring up a minimum figure of 20%.
If you're saving for a home deposit, you' would've heard people bringing up the minimum 20% deposit standard. That is to say, if the purchase price of your home is $500,000, most people will tell you that you need to have a deposit of $100,000 saved before you can apply for a loan and purchase your home.
However, this isn't the always true.