Major bank tightens screws on interest only loans

Major bank tightens screws on interest only loans ANZ said it will be regarding all interest-only loan renewals as credit critical event requiring full income verification effective 5 March. In a broker update last week, the bank said the change covers borrowers shifting from P&I to IO repayment type and those extending their IO terms. [...]

2017 Federal Budget Analysis

First home savers, downsizers and small business are the winners in Treasurer Scott Morrison’s second Budget – while taxpayers face an increase in the Medicare levy. Note: These changes are proposals only and may or may not be made law     Superannuation Contributions from downsizing the home Date of effect: 1 July 2018 Individuals [...]