The Australian Government has released 35,000 new First Home Buyer Guarantee scheme places today (1st July 2022). First home buyers who meet the below eligibility can now purchase a property in metropolitan Melbourne for up to $800,000 with a 5% deposit plus stamp duty costs. To apply for the FHBG,…
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Today, the Australian banking regulator APRA announced a recommendation for Australian banks to increase their home loan serviceability buffer from 2.50% to 3.00% in a bid to reduce the amount of money Australian's can borrow for a home loan. Currently, we're seeing record low home loan rates, and although you…
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