ICA warns the home guarantee scheme expansion will increase property prices by up to 10% in the first year
According to new analysis released by the Insurance Council of Australia (ICA) today, The Federal Government’s plan to dramatically expand the Home Guarantee Scheme (HGS) will increase house prices, make it harder for lower income earners to enter the housing market, and have a negligible impact on home ownership rates, Analysis of the Government’s policy by independent economic consultancy Lateral Economics has estimated that the […]
Banks announce rate changes following the RBA cash rate increase to 2.35%
Following the Reserve Bank of Australia’s (RBA) decision to raise the official cash rate by 0.50% per annum (p.a.), most big banks are expected to lift interest rates on variable loans by 0.50% on 16 September 2022. CBA has already confirmed it will lift its home loan variable interest rates by 0.50% p.a., effective 16 […]