Seven in 10 homeowners have recently used the equity in their home to renovate, invest in property or shares, or boost their superannuation. Have you thought about how you could take advantage of last year’s property price spike?
Single and under 30? You’re a great fit for the 5% deposit scheme
Single Australians under 30 snare the lion’s share of spots in the federal government’s 5% deposit first home buyer scheme, according to new data. Here’s how to secure one of the highly coveted 35,000 scheme spots released on July 1.
Financial hardship arrangement reporting is about to change
With interest rates on the way back up, there’s no doubt some households around the country are starting to do it a bit tough. Coincidentally, some big changes kick in on July 1 when it comes to recording financial hardship arrangements.
RBA lifts cash rate for the third month in a row to 1.35%
The Reserve Bank of Australia (RBA) has increased the official cash rate by another 50 basis points to 1.35% amid continuing inflation pressures. How much will this third consecutive hike increase your monthly mortgage repayments?
Labours first home buyer policy explained
Housing affordability was one of the key battlegrounds for the federal election last Saturday. So what did Labour propose to help first home buyers crack the market?
Ready for lift-off: how to prepare a buffer for more rate rises
Rate rises are a bit like taking flight. Sure, it’s a bit nervy, but so long as you’ve run through your pre-flight check, have a well-serviced aircraft, built-in some contingencies (a buffer!), and have a handy co-pilot (us!), you should reach your destination no worries.
EOFY alert! Financial year-end is fast approaching
Small business owners wanting to buy a vehicle, asset or important piece of equipment and immediately write off the cost have just over a month to act this financial year.
Attention first home buyers! Price caps increase for 5% deposit scheme
First home buyers with a deposit of just 5% will soon have more purchasing power thanks to an increase in property price caps for the highly popular Home Guarantee Scheme.
What’s your debt-to-income ratio? And why do lenders care about it?
New data from the lending watchdog reveals almost one in four new mortgages are risky. How are they deemed risky? Well, it’s got something to do with your debt-to-income ratio.
Flood victims can defer loan repayments for up to 3 months
Home and business owners impacted by the floods in New South Wales and Queensland can apply to their lender for a three-month loan deferral or reduced payment arrangement. Here’s how to apply if you or someone you know has been impacted.