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 [...]

House Price Growth

Housing price growth ‘decelerating’: What a word! Adam Cursio Director Here’s a short excerpt from a recent article about house prices from the Sydney Morning Herald, which made me laugh. House prices continue to decelerate from what is likely to be the last property price boom Australians will see for many years, says Bank of [...]