The federal treasurer has given the strongest indication yet that a home loan crackdown is coming, stating that “carefully targeted and timely adjustments” may be necessary to avoid troubled waters. So what could a potential lending crackdown look like? Lending standards and fast-rising property prices have been hot topics of late. Interest rates are at … Continue reading Is a home loan lending crackdown on the horizon?
Almost one-in-two SMEs have applied for new funding in the last six months, a new report has found, and of those SMEs only half were successful in obtaining the full amount they were seeking. If you haven’t already figured it out over the past 18 months, small and medium-sized business owners are a pretty resilient … Continue reading Only half of SMEs have recently been able to secure full funding: report
With house prices going gangbusters in the first half of 2021, is it still a good time to buy property? The majority of investors think so, according to the latest annual survey. And investors have their sights set on one city in particular. The 2021 PIPA Property Investor Sentiment Survey, which gathered insights from 800 property … Continue reading Top 5 property investor trends for 2021-22
The average Australian homeowner is paying more than $37,000 in extra interest over the life of their home loan due to the loyalty tax, and it’s got three-quarters of borrowers feeling “ripped off” and “angry”. What’s the loyalty tax? It’s this sneaky lender trick where borrowers with older mortgages are typically charged a higher interest … Continue reading Are you too loyal for your own good? The banks think so
With interest rates at record low levels, the number of homeowners refinancing skyrocketed to an all-time high in July. Today we’ll run you through why so many people are refinancing, and why you should consider doing so too. We’re currently seeing more people refinance their home loans than ever before, and the latest ABS figures out this … Continue reading Refinancing figures are on a record-breaking run: here’s why
Do you know how the people in your world are really doing right now? Chances are you know someone who’s doing it tough, but silently pressing on. As always, we’re here to support you, and for R U OK? Day we’re sharing ways you can help others. Life’s ups and downs happen to all of … Continue reading Are they really OK? Here’s how to check in with them today
Remember that classic TV ad: ‘nine out of 10 dentists recommend using [toothpaste brand]?’ Well, it turns out we’ve earned a similar level of trust when it comes to helping first home buyers sink their teeth into the property market. That’s because nine out of 10 first home buyers (FHBs) recently said they trust a mortgage broker … Continue reading Nine in 10 FHBs trust brokers to help them buy their first property
More small and medium-sized businesses struggling to stay afloat due to the economic impacts of COVID will have access to cheaper funding after the federal government expanded the eligibility criteria for the SME Recovery Loan Scheme. The government is removing requirements for SMEs to have received JobKeeper during the March quarter of 2021, or to … Continue reading SME Recovery Loan Scheme revamped to help more businesses