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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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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Can You Use Your Super As A Deposit?

personOtto Dargan access_timeMarch 12, 2014

Should Australians be allowed to dip into their superannuation for the deposit on their first home? Treasurer Joe Hockey recently floated this idea when speaking with Sunrise‘s David Koch last Friday and it has since roused the ire of members of the Labor Party and former...

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Foreign Investment Tips From Experts

personOtto Dargan access_timeAugust 12, 2013

A stable economy and rising property prices make Australia one of the better countries to invest in, but what if you have never invested here before? How exactly does an international property investor get started in the land down under? If you have been asking yourself that...

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New Lender For Migrants

personOtto Dargan access_timeMarch 8, 2012

A new lender has announced that they will be lending up to 90% of the property value to qualified migrant home loan applicants! This is fantastic news for migrants headed to Australia! Migrants can now have their mortgage approved and be ready to buy a home before they even set...

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ANZ Increases Interest Rates

personOtto Dargan access_timeFebruary 10, 2012

Variable Interest rates for ANZ customers are to increase by 0.06% as announced by ANZ today. This announcement came after the monthly meeting of Reserve Bank of Australia for the month of February. What are the Reserve Bank of Australia’s lending rates? RBA interest rates...

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NSW To Restrict Stamp Duty Exemptions

personOtto Dargan access_timeSeptember 13, 2011

From January 1, 2012, New South Wales first home buyers will only be eligible for a stamp duty exemption on newly built and “off the plan” homes. These changes will significantly disadvantage a large majority of first home buyers, as over 80% of homes bought in NSW...

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Redirecting Your Direct Debits

personOtto Dargan access_timeAugust 24, 2011

The Gillard government has announced that they will introduce a new program that will allow customers to switch bank accounts without the need to change details of billing, salary, mortgage payments and deposit accounts. This is a great initiative as many people simply do not...

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