In good news for many first home buyers, regional buyers and single parents, another five lenders will offer the Home Guarantee Scheme to their customers. Starting from 1 July 2022, Credit Union SA, Illawarra Credit Union, IMB Bank, Newcastle Permanent Building Society and Unity Bank will participate in the federal government program. They will join…
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Despite the Reserve Bank’s recent decision to start raising official interest rates and a cooling of the property market in many parts of the country, one of Australia’s most respected economists believes talk of a housing downturn is overblown. Ray White Chief Economist Nerida Conisbee said we should expect a “calming of prices”, not a…
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Australians used a mortgage broker for 69.5% of all new residential home loans in the March 2022 quarter, according to the latest data from Comparator. This represents a record market share for mortgage brokers. By contrast, Australians went directly to a lender for only 30.5% of new mortgages in the same quarter. The latest data…
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