Keep up with the latest news and updates
November 9, 2017
By the time you retire and decide to stop working, your income will be greatly affected as well as your lifestyle. You will lose your regular income stream from your salary, and you have to rely on age pension, or if you have managed to invest early on, you can access your superannuation funds. But
September 19, 2017
If you are born in or after 1966, you are a candidate for the new pension eligibility requirement that will take effect in 2035. By that time, you need to be 70 years old and above in order to be eligible for age pension. If you don’t have access to additional source of income, that
August 13, 2017
Since it was introduced a decade ago, reverse mortgage has received a lot of expectation. People who were approaching retirement saw reverse mortgage as an additional retirement funding option, but still, the interest in the product was low because of high interest rates. With a home loan, you take a lump sum loan and repay
July 25, 2017
The Australian Securities & Investments Commission (ASIC) recently released an infographic to explain the regulator’s review of the mortgage broking market and understand the effect of current remuneration structures on the quality of consumer outcomes. The review reveals that mortgage brokers are paid an average of 0.54% or $2,700 for a $500K home loan. It
July 20, 2017
St George has announced it is dropping mortgage and equity-release products after Westpac made a high-level review of their product range and underwriting standards. The review is set to reexamine loans and lending packages under current market conditions. Consequently the St George Reverse Mortgage product has been removed from sale. The review came at a
June 20, 2017
When the Commonwealth government introduced the age pension in 1909, the average male life expectancy was 55. Not many Australians reached the age eligibility of 65 for the entitlement. With significant strides in healthcare, men and women today are expected to live well into their 80s, which has cost the government around $ 41 billion
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