More consumers using loans to purchase cars, holidays and white-goods…
There was a sharp rise in the number of consumers taking out car loans in 2024, as motorists purchased a record number of new vehicles. Australians bought an unprecedented 1,220,607 new vehicles last year, with Toyota, Ford, Mazda, Kia and Mitsubishi being the most popular brands, according to the Federal Chamber of Automotive Industries. As […]
Government plans to relax home loan rules for younger borrowers…
Treasurer Jim Chalmers has instructed financial regulators to make it easier for Australians with student debt to take out a mortgage. Currently, the banking regulator, APRA, and the financial services regulator, ASIC, expect lenders to take HELP-HECS debt into account when assessing home loan applications. However, Dr Chalmers said he wanted lenders to be able […]
