A reverse mortgage is a home loan that provides cash payments based on home equity. The idea is that homeowners normally defer payment of the loan until they die, sell or move out of home.
News
Average house in metro Australia is $600,000
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21 March 2014
The average home in metropolitan Australia now costs buyers $600,000, after a yearly rise of 13 per cent.
ACCC cracking down on comparison websites
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20 March 2014
The ACCC is set to crack down on comparison websites for loans, credit cards, insurance, flights and utilities.
Federal MPs to investigate price effects of Chinese investment in property market
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18 March 2014
Australia’s federal MPs are about to investigate the impact of Chinese investment in Australia’s property market.
The ins and outs of buying investment property with existing tenants
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12 March 2014
If you’re lucky enough to buy an investment property with tenants already living in it, you’ll benefit from immediate rental income from the date the property settles, also saving you the hassle and costs of finding appropriate tenants and a property manager.
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