News

The Pension Loan Scheme will be overhauled by the federal government to allow seniors to unlock the equity in their home under a new reverse mortgage model.

Property investors are muscling on the market as first home buyers increasingly find themselves struggling to be able to borrow enough for a purchase.

Property values are soaring in Melbourne, which now has a median house price of over $1 million, compared to around $770,000 five years ago.

The worm has turned in the Melbourne property market in favour of buyers as a surge in listings floods the market and puts downward pressure on prices.

There are growing fears for the increasing number of Australians who don’t own property they face a very uncertain retirement.