The latest official inflation figures are expected to be the highest since the global financial crisis, and at least one leading economist has warned they could trigger an extra large first interest rate hike from the Reserve Bank. Key points: The typical forecast is that consumer prices rose 4.6 per cent over the past year Economists expect that the inflation …
The government is planning to expand the Home Guarantee Scheme, which allows first home buyers to purchase with a deposit of as little as 5 per cent. Key points: The price cap on Home Guarantee Scheme loans will be lifted by up to $150,000 in some areas and $100,000 for most capital cities Analysts say it will give first home …
An elderly couple who kept a $75,000 house deposit after their buyers' bank missed the settlement deadline by hours have maintained they did nothing wrong after they were slammed for keeping the money. They were given a 30-day settlement but it became apparent Westpac bank would not make the 5pm October 20 cutoff - leading to Mr Trau making panicked …
Australian home prices have surged almost 20 per cent over the past year, and investment bank UBS has warned that a record level of "liar loans" as buyers "chase the market" could be one reason why. Key points: A record 41 per cent of loan applications contain factual inaccuracies The most common fudges are under-representing living costs and financial commitments …
