Josh Freedenberg (treasurer) ordered to inquire into the pricing schemes of home loans in Australia. This responsibility was given to the Australian Competition and Consumer Commission (ACCC). Now the ACCC has released its report on this matter. As per that report, the ACCC urges all the homeowners in Australia to review their home loan rates. […]
In this time of crisis, we have finally got some good news. As per the statements of Philip Lowe (governor of RBA), this is the best time to buy a home, especially for the first home buyers. The market has come to such a situation that seems most favorable for first home buyers. All of […]
As an effect of the COVID-19, the interest rates have fallen too low. But the home loans having a fixed rate are far cheaper as compared to the ones having variable rates. We are going to talk about the reasons behind this issue in detail. How the government affects fixed-rate loans? After the COVID-19, the […]
New research has revealed that the number of Australian first home buyers has got doubled. The number of such new people was merely 7% in 2019, but it has got up to 16% in 2020. What are the favorite spots of the first home buyers in Australia? Work from home has become a norm, but […]
The Australian government has announced a Homebuilder grant. This grant will provide the owners-occupiers with a grant of $25,000 for building new homes or renovations in their existing homes. But this grant will be available for only those who have signed the contracts between 4 June 2020 to 31 December 2020.
Philip Lowe (the governor of the Reserve Bank of Australia) has encouraged the mortgagors to refinance after he saw the rise in the number of refinancers. He said it is a big opportunity for the refinancers as the interest rates are lowest at this moment that can maximize the benefits of the customers. He also […]
The spread of the Coronavirus has impacted the world so much that a large number of small and medium scale industries are under a state of pressure because they are in the lowest state of cash flow in history. This situation can’t be eradicated so easily as the businesses across Australia are not completely aware […]