ANZ joins peers, revises IO policy
The major bank has amended its assessment policy for interest-only home loans, in line with new regulatory guidance from APRA. ANZ has announced that it will now enable home loan customers to switch to interest-only repayments or extend their terms for up to 12 months without a full serviceability assessment.The revision, which is effective immediately, […]
Govt announces $688m HomeBuilder package
Australians looking to build or renovate in the second half of the year will be able to get $25,000 from the federal government as part of a scheme aiming to keep the construction industry moving. The $688 million HomeBuilder package is available to owner-occupiers who sign a contract to start building or substantially renovating their […]