What are low-doc loans and who are they for? For many self-employed borrowers, securing a home loan can be challenging due to the lack of traditional financial documentation such as payslips and tax returns. Low-doc (low documentation) loans provide an alternative...
Home loan redraw facilities explained A redraw facility is a home loan feature that allows you to access extra repayments you’ve made on your mortgage. If you’ve been paying more than your required minimum repayments, you may be able to withdraw those additional funds...
Help to Buy scheme and changes to how lenders consider student debt More Australians on lower and middle incomes will be able to enter the property market sooner, after the federal government expanded the Help to Buy scheme in its annual budget. Help to Buy – which is...
What the federal budget means for buying property Last week, Federal Treasurer Jim Chalmers handed down his fourth federal budget. This year the budget is in a deficit, meaning it will spend more than it earns, with the government saying it was designed to help...
Own your debt before it owns you Do you feel like your debt is slowly taking over your life? It’s time to flip the script. Too many people let their debt sit in the background, creeping into their finances and controlling their future without ever taking charge. But...
Rental growth slows as affordability is stretched Rents continued rising in 2024, with the national median rent climbing 4.8% over the year, according to CoreLogic. That included increases of 6.2% in the combined regions and 4.3% in the combined capital cities. Among...
