Are Lenders Cracking Down On Investment Loans?

personOtto Dargan access_timeMay 18, 2015

It could soon be tougher than ever to invest in property as Australian banks move to keep up with new regulatory changes aimed at pulling back on investment loans. So far, one major bank is no longer accepting 100% of your rental income when assessing your ability to repay the...

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How Your Australian Spouse Can Help You Get A Mortgage

personOtto Dargan access_timeApril 24, 2015

Australia is one of the most beautiful countries in the world with thousands of migrants heading Down Under every year. Some people travel here for the love of adventure and to take in our many natural wonders but it’s no surprise that many choose to make the move for good...

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Cash Rate Cut To 2.25%, Borrowers Winning

personOtto Dargan access_timeFebruary 5, 2015

The official cash rate was slashed by a quarter of a percentage to 2.25% this week and some banks and major lenders have already started passing on the drop with massively reduced fixed and variable rates. At the Reserve Bank of Australia’s (RBA) monetary policy decision...

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Banks Look Closer At Your Personal Expenses

personOtto Dargan access_timeNovember 28, 2014

Are you a little impulsive when it comes to late night online shopping? Maybe you recently signed up for a gym membership because a cute girl or guy cornered you at the train station, even though you know full well that you live three suburbs away. Now is the best time to rein...

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Top 5 Reasons Singles Can’t Get A Home Loan

personOtto Dargan access_timeOctober 30, 2014

Getting approved can be hard if you’re single! So, your single, happy and lookin’ to buy your own place. Easy, right? Apart from putting the deposit together to buy in the current market, getting approved for a home loan is a lot harder if you’re single. Really. Most...

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How Infrastructure Projects Can Push Up Property Prices

personOtto Dargan access_timeJuly 14, 2014

It’s no secret that house prices are continuing to rise across Australia and it’s not just in the capital cities. Although a lack of supply coupled with the significant growth in our population are major reasons for this exponential growth, infrastructure projects announced...

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Do Negative Interest Rates Affect Australians?

personOtto Dargan access_timeJune 17, 2014

Last week, the European Central Bank (ECB) moved to a negative interest rate. I never thought I would see that happen in my lifetime and if I did, I thought it would be in Japan, not Europe. Effectively, European banks are now paying the central bank for the privilege of having...

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APRA Tells The Banks What To Do

personOtto Dargan access_timeJune 5, 2014

Did you know that the Australian government monitors and reviews the lending criteria of the banks? The Australian Prudential Regulation Authority (APRA) released for consultation ‘APG 223 – Residential Mortgage Lending’, a draft prudential practice guide intended to...

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The Queen’s Home Loan Would Be Declined

personOtto Dargan access_timeJune 4, 2014

What would happen if Queen Elizabeth II applied for a home loan in Australia? If the banks used common sense, which they don’t, then surely she would get approved? Actually, it wouldn’t be so easy. Australian banks are required to follow lending standards set by the...

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Pension Age: A Win For Older Borrowers

personOtto Dargan access_timeJune 3, 2014

In 2010, the National Consumer Credit Protection Act came into effect. Although it was intended to protect borrowers from irresponsible lending practices, the unintended victims were older borrowers. You see, the new legislation requires banks to prove that you can afford to...

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