Keep up with the latest news and updates
September 17, 2021
Real estate prices in Australia recorded the highest quarterly spike in the three months to June. In the latest report from the Australian Bureau of Statistics (ABS), the prices of residential properties in Australia increased by 6.7%. This is the highest quarterly growth ever recorded by ABS since the agency started the index in 2003.
July 23, 2021
No plans to stop working when you hit 65? You are not alone. Recent data from Councils on Ageing (COTA) reveals that majority of Australians don’t want to stop working even if they reach retirement age. While there’s no fixed retirement age in Australia, people are expected to stop working at around age 65 because
July 5, 2021
How do Reverse Mortgage interest rates compare? Most people think a Reverse Mortgage interest rate would be higher than a credit card. But Credit card interest rates are charged between 12% to 22% – much higher. Reverse mortgage loans interest rates are typically only around 1-2% higher than a normla, standard home loan rate. If
June 21, 2021
Once the kids moved out, parents will sell the spacious family home with backyard and move into a smaller 2-bedroom apartment. Or so we thought. A recent article published by The Sydney Morning Herald reveals that doesn’t happen as often. Instead of downsizing, older couples and even singles choose to stay put in big homes.
February 3, 2021
National Seniors Australia (NSA) has requested a review of the Pension Loans Scheme (PLS), citing the high-interest rate is too high and not in sync with the record low official cash rates. NSA is a lobbying group that represents more than 130,000 retirees in Australia. In the group’s pre-submission, it asked the Treasury to reduce
October 30, 2020
Why do many people say reverse mortgages are not a good idea? Understanding and learning how far they have come can help you bust the myths around it. Here are four reasons why reverse mortgages have a bad rep: “REVERSE MORTGAGE DEBT COULD GROW QUICKLY” In the past, a lot of reverse mortgages were based
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