When you take out a home loan, you have a good idea of how much you can borrow and what your repayments will be. However, economic conditions can change alongside your personal financial situation. It could be a loss of income, unexpected emergency or, as we see happen often, an interest rate rise that means […]
Important Information for Property Investors!
The federal regulator is currently implementing major and unprecedented changes to the Australian mortgage industry. Given governmental concerns over the booming property market, particularly in Sydney and Melbourne, a range of rules are being introduced that specifically target investment loans APRA (Australian Prudential Regulation Authority) is the department that is implementing these changes. APRA has […]