News

Buying a home is obviously a big commitment so it’s important to carefully consider the legal and financial implications before you put pen to paper and sign anything.

According to the Reserve Bank the best way to arrest the rapid house price rises is to attack the supply side and increase home building activity.

The Reserve Bank has as expected left interest rates on hold for October at 2.5 per cent, but certainly changed its stance a little on house price inflation and the Australian dollar.

A senior official from the Reserve Bank has said the RBA ‘will do something’ this year to dampen lending to property investors.

A new study by credit reporting agency Veda has found that 13 per cent of Australians are at risk of defaulting on credit in the next 12 months, which can stop them from successfully applying for loans.