News
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Rates Will Rise on Interest-only Loans Thanks to New Regulatory Restrictions
The financial regulator, the Australian Prudential Regulation Authority (APRA), is caught between a rock and a hard place in its attempts to reduce lending risk in the residential property market. It needs […]
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Third Major Bank Announces Rate Changes
ANZ today has become the third major back to announce rate changes. ANZ announced an update on existing and new variable home loan and business loan interest rates. To find […]
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Major Tightens Investor Lending
The Commonwealth Bank of Australia (CBA) has announced a reduction in its maximum loan-to-value ratio (LVR) for investment loans from 95% to 90%. The change became effective as of Monday […]