MIL-OSI Submissions: Australia – CBA announces new interest rates
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Home loan check: Are tighter lending conditions on the way?
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Budget 2021: Family Home Guarantee to help single parents
Budget 2021: Family Home Guarantee to help single parents Monday, 10 May 2021
Single parents hoping to get a foot on the property ladder will receive a boost this year, following the announcement of a new government initiative as part of the 2021-2022 Federal Budget.
Dubbed the Family Home Guarantee, the program will allow single parents to purchase an existing home or build a new one with a deposit of as little as 2%.
The program will commence 1 July 2021 and stretch over a period of four years, during which it will provide 10,000 guarantees to single parents with dependents.
Home loan check-in: Are fixed rates on their way back up?
Home loan check-in: Are fixed rates on their way back up? Wednesday, 7 April 2021
Ultra-cheap fixed rates have fuelled a rush to the property market and sent home values soaring, but a number of banks have begun increasing long-term fixed offerings, suggesting a market slowdown might be just around the corner.
With the RBA’s term funding facility due to end in the second half of the year, longer term fixed rates will likely drift upwards, meaning the current interest rate environment might look a lot different in just a few months’ time.