Category: Home Loan News
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New Regulations Transform Buy Now Pay Later Services in Australia
Buy Now Pay Later services in Australia are set to undergo significant changes starting June 10, impacting millions of Australians who utilize services like Afterpay, Zip, and Humm. These changes come as part of tighter regulations aimed at ensuring consumer protection and preventing harmful credit practices. The new legislation, introduced by the Albanese government in…
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Minnesota Student Loan Expert Advises Proactive Repayment Strategies
As college students in Minnesota prepare to head back to school, a long-time student loan expert, Jack Wallace, shared valuable advice on navigating the complexities of student loan repayment and exploring cost-saving options. With over 40 years of experience in federal and private student loans, Wallace emphasized the importance of creating a repayment plan early…
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Top Debt Consolidation Loans in Australia for Financial Stability
In the realm of personal finance, managing multiple debts with varying payment cycles and interest rates can be a daunting task. To simplify this process and potentially lower interest costs, many Australians turn to debt consolidation loans. By consolidating all debts into a single loan, borrowers can streamline their repayments and potentially secure a more…
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Mozo Empowers Australians with Comprehensive Financial Product Comparisons
Since 2008, Mozo has been diligently tracking interest rates and product details of various providers in the Australian retail banking market. Over the years, they have expanded their database to encompass over 1,500 products across banking, insurance, superannuation, and utilities. This comprehensive comparison platform has become a trusted resource for consumers and industry professionals alike.…
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ATO Draft Guidance Shapes Australia’s New Thin Capitalisation Landscape
Australia’s new thin capitalisation regime has been a topic of discussion following the Australian Taxation Office’s (ATO) release of draft guidance on the third party debt test and restructures. The ATO’s guidance is crucial for taxpayers navigating the new rules and considering restructures in response to the changes. International Tax Planning: Tax Guide on Offshore…
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Government Eases Home Loan Rules for Australians with Student Debts
Australians burdened with student loan debts can now breathe a sigh of relief as the government introduces a series of regulatory changes aimed at facilitating home loan applications. Treasurer Jim Chalmers, along with Housing Minister Clare O’Neil, Education Minister Jason Clare, and Assistant Treasurer Stephen Jones, have unveiled these modifications to aid individuals with Higher…
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Parliamentary Inquiry Explores Impact of Lending Regulations on Homeownership
As the Reserve Bank considers potential interest rate cuts, the focus on housing affordability intensifies in Australia. With the likelihood of rate cuts being low until early 2025, the pressure on prospective first-time home buyers is mounting. The stringent lending criteria pose significant challenges for individuals like 22-year-old Cassie McLaren, who seeks parental financial assistance…
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Bridgit and Yellow Brick Road Partner to Offer Bridging Finance
Non-bank lender Bridgit has recently partnered with Yellow Brick Road (YBR) by joining its lender panel to offer bridging finance solutions for homeowners looking to buy new properties before selling their current ones. This collaboration aims to support brokers within YBR’s extensive national network. Guide to Bridging Finance | $1.45 Yellow Brick Road Group, with…
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Insights on Australian Acquisition Finance Landscape: Key Considerations
In the Australian chapter of the Chambers Global Practice Guide for Acquisition Finance (2025), John Schembri, Head of Banking and Projects, along with Special Counsel Erin Cartledge, offer a comprehensive overview of the key legal and practical considerations for financing acquisitions in Australia. The historical context of M&A activity in Australia has made leveraged finance…
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ANZ’s Strong Financial Year 2022 Highlights Home Loan Growth
ANZ has reported a strong financial year 2022, showcasing restored momentum in its Australian home loans sector. The bank’s 2022 Full Year Result & Proposed Final Dividend statement unveiled a 16% increase in statutory profit after tax, reaching $7.1 billion for the year ending 30 September 2022. With a cash profit of $6.5 million and…