Posts by paul flakus
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Australian Government announces 30,000 more Scheme places to support Australians buying a home
From today, 30,000 new places are available under the Australian Government’s First Home Loan Deposit Scheme, the New Home Guarantee, and the Family Home Guarantee. The Family Home Guarantee was […]
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Lenders to Raise Serviceability Levels for New Loans
The CBA is the first lender to raise the criteria for new home loans from 18th June 2021. In brief, they will increase the Assessment Floor Rate from 5.10% to […]
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‘Expect to see mortgage rates moving up’: Bank funding costs to rise as $200b scheme ends
The end of a $200 billion emergency Reserve Bank funding scheme put in place to mitigate the impact of the coronavirus crisis is expected to lift fixed mortgage rates from […]