When the First Home Super Saver Scheme (FHSSS) was first introduced, it was touted by Treasurer Scott Morrison as a plan that would help young home buyers “accelerate their savings by at least 30%.” But that won’t work if Aussies don’t know what it is or how to access it, Gateway Bank has suggested.
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Much has been made of hamburgers and milkshakes in the lead up to the 2018 Federal Budget, but following its release by Treasurer Scott Morrison last night, did the budget end up delivering any mouth-watering morsels for Australian property owners?
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May is officially upon us and so is the chillier weather. But while some shoppers score a bargain at the winter knitwear sales, many Aussies instead look to add a hot home loan deal to their shopping list.
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The possibility of a change in the 1.50% official cash rate remains highly unlikely ahead of Tuesday’s May Reserve Bank board meeting, with the consensus pointing towards a fourth hold for 2018.
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The Australian Prudential Regulation Authority (APRA) has today announced a move to abolish temporary restrictions made on investor loan growth among Australian lenders from July 1.
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Despite the fact that the Reserve Bank has left the official cash rate on hold at 1.50% for the last 19 months straight, Aussie borrowers are being whalloped with rate rises on their home loans.
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Despite the RBA not making a move on rates since August 2016, Mozo research has revealed that nearly half of Aussie borrowers have been stung by an out-of-cycle rate rise on their home loan.
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Online lender ME has announced it is increasing home loan interest rates across its variable mortgage range effective today, citing increased funding costs as the reason - and it’s not the first to do so.
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Over the past few years conventional wisdom has said that you shouldn’t be paying more than 4.00% on your home loan, but research hot from the Mozo database has revealed it’s time for a shift in thinking.
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April has arrived, and now that you’ve gotten over the Easter sugar rush and survived April Fool’s Day, it’s time to get back to reality - which for home buying hopefuls might mean the search for a red hot home loan deal.
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