Monthly Archives: July 2014

No deposit? Three ways to invest in property now

Get a Guarantor A guarantor loan enables an existing Australian homeowner, such as your parents, to provide a limited guarantee for your mortgage. The guarantor uses equity in their own property as security for the borrower’s deposit. The primary security for the loan is still the borrower’s new property. Lenders offering these loans also put […]

Bank home loan ads ‘confusing and misleading’, say consumers – Aust Broker Online

A credit union is campaigning for clearer home loan rate advertising from lenders, saying very few Australian know how to correctly interpret ‘bank advertisements’ financial content. Consumer research by People’s Choice Credit Union showed 70.4% out of 1520 people surveyed thought bank adverts were ‘confusing’ and 64.7% believed they were ‘clear’. Only a third of […]

RBA forecasts low interest rates and improving job data – The Adviser

The Reserve Bank of Australia has confirmed the popular view that interest rates will remain at record lows for the foreseeable future. The board agreed at its recent monthly meeting(/breaking-news/30318-rba-announces-cash-rate-decision) that the 2.5 per cent cash rate was “likely to be appropriate for some time yet,” according to the minutes released yesterday. That decision was […]