News

WA first home buyers grant cut back!

May 17, 2017

WA’s first home buyers grant will be cut back to $10,000 after the State Government announced it would end a $5000 boost at the end of next month. Treasurer Ben Wyatt said the $15,000 grant, announced by the former government late last year and intended to be in place for all of 2017, had not […]

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Controversial US ‘rent-bidding’ start-up Rentberry to launch in Australia, tenant unions slam the idea

May 4, 2017

Rentberry caused a stir when it launched in the US last year, with criticism that the app would drive prices up further, especially in expensive markets such as San Francisco. A controversial Silicon Valley start-up that lets tenants bid against each other for rental properties will launch in Australia this year, amid fears it will jack Aussie rents up higher. Alex Lubinsky, co-founder of the San […]

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Survey finds Australian borrowers could not make home loan repayments if they fell seriously ill

April 29, 2017

Survey finds Australian borrowers could not make home loan repayments if they fell seriously ill. NEARLY half of Australian mortgages are worried about what being diagnosed with a serious illness would mean for their repayments, with some claiming to be incapable of servicing their home loans for even one month if they became seriously ill, […]

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Wave of rate hikes about to hit brokers

April 29, 2017

A wave of rate hikes about to hit brokers. Funding costs and regulatory pressure will drive rates upwards and cut discounts, regardless of today’s RBA call 85% of brokers think there will be further out-of-cycle rate increases, regardless of today’s cash rate decision by the RBA. This was the finding of broker listing site Hashching, […]

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Interest rate update!

April 4, 2017

The RBA has opted to leave the official cash rate on hold at 1.5%. At its board meeting today the Reserve Bank of Australia decided to leave the official cash rate unchanged. As widely predicted, the RBA has kept rates on hold as it continues to work in unison with the regulators to stem concerns around […]

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