Legal Home Loans

VICTORIA RELEASES $500M HOME- BUYER FUND

Victorians, did you know there is a new home buyer fund? The Victorian government has introduced the $500 million Victorian Homebuyer Fund (VHF), which is expected to support more than 3,000 home buyers. Eligible participants will only require a minimum deposit of 5 per cent, while the government will provide …

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APRA CHANGES TO LENDING

Australian Prudential Regulation Authority (APRA) has announced changes to mortgage lending rules for banks. APRA has told lenders that by November, it expects they will assess new borrowers’ ability to meet their loan repayments at an interest rate that is at least 3.0 percentage points above the loan product rate. This …

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