First Home Loan Deposit Scheme gets the green light
The Coalition Government passed new laws through Parliament this week to implement the First Home Loan Deposit Scheme, which will provide a guarantee to eligible first home buyers to purchase a home with a deposit as low as 5%.
October 17, 2019
One in five Aussies would rather give up social media for a month than enter the housing market
Searching for a new home is taking a toll on Aussie home buyers, with more than half saying it has affected their mental and emotional wellbeing, new research from Allianz reveals.
October 16, 2019
Reserve Bank minutes reveal decision to cut rates was deeply debated, with concerns low rates could backfire
The Reserve Bank of Australia’s (RBA) October interest rate cut was deeply debated among board members who feared it may backfire, driving up house prices and failing to boost the economy.
October 15, 2019
Up Bank and Transferwise announce partnership set to make sending money overseas cheaper
More than 250,000 Up Bank customers will now be able to send money abroad in 52 currencies directly from their transaction account without having to leave the app.
October 15, 2019
Former ACCC Chair urges borrowers to consider non-bank lenders
If you’re wondering why your bank hasn’t passed on interest rate cuts in full, former ACCC Chair Graeme Samuel says fed up borrowers should take their business to smaller lenders.
October 15, 2019
Can I withdraw my super early to pay off debt?
So you’re in a bit of a pickle and you need money – but the only savings you have are those in your super fund, which we all know you can’t access until you’ve retired. But are there any circumstances where you can withdraw your super early?
October 15, 2019
69% of millennial homeowners only took five years to save for house deposit: ING
Owning a home has seemed out of reach for a lot of millennials but new research from ING suggests it could be far more achievable than we think.
October 14, 2019
How do reverse mortgages work?
Imagine a home loan that actually gives you money and doesn’t require you to make any immediate repayments. Sounds too good to be true right?
October 14, 2019
86400, Up Bank and BOQ the latest to cut interest rates on savings accounts
New digital banks 86 400 and Up Bank, plus Bank of Queensland have all slashed the interest rates on their market-leading savings accounts.
October 11, 2019
Millennials want homes, but don’t understand basic deposit requirements
57% of millennials have never heard of Lenders Mortgage Insurance and some don’t know it’s possible to get a home loan with less than 20% deposit.
October 10, 2019
