While it is too early to judge if COVID has brought forward the number of seniors retiring in Australia, what is known is that retirees face years of low interest rates with the RBA Governor stating several times that interest rates won’t rise until 2024.
interest rates
Pension Boost has written PLS reverse mortgages across Australia
Pension Boost has written reverse mortgages in every state in Australia with the average age at application for Pension Loan Scheme (PLS) of 73 years.
Low interest rates prompting LRBA refinancing
SMSF trustees should not give into the siren call of low interest rate refinancing of their Fund’s loan until they have considered these points.
When to sell an investment property? 1 – pay down home debt
Omniwealth’s Property Sale Series starts with the question: When to sell an investment property? The first study looks at paying down home debt.
Expat borrowing for Australian property
Many Expats first contact their bank directly, only to be told it can’t be done. Often this creates an assumption that if their bank does not lend to Expats, then no bank does.
Mortgage broker says 3% mortgage still possible
Mortgage broker James Grima says it still possible for borrowers to secure mortgage rates that start with a ‘3’. Mr Grima said that sub 4% interest rates are possible if borrowers are prepared to accept principal and interest loan repayments on their home loans.
P&I loans may be only way into property market
P&I loans – Omniwealth Mortgage is seeing better prospects for Sydney home buyers looking to purchase a home with Principal and Interest repayments.
Five ways to prepare for rising interest rates
With interest rates at half-century lows, we have become accustomed to living in a world where we can borrow money at an interest rate of less than 5% per annum. For the last two and a half decades, central banks around the world have used interest rates as a tool to control inflation. Inflation is […]