Aussie Home Loans

The ever-increasing cost of living, including booms in house prices and the rising cost of renting, means that many would-be home buyers are being priced out of the market.

All hope is not lost, however; as many banks and lenders are finding solutions for this group of potential customers. For example, to entice first home-buyers into the property marketplace, Aussie have developed a financial solution known as Family Advantage.

First home-buyers with a reliable income but who have little or no savings may be eligible for Aussie Family Advantage. How does it work? If a parent, family member of friend is able to offer part of their own property as security, Aussie are able to lend up to 110% of the value of the property to the new home buyer. The maximum loan amount with Aussie Family Advantage ranges from $400,000 to $700,000, depending on the value and location of the property.

Cheque, savings or credit? Anyone who makes regular purchases on plastic hears this question often. Statistics show that too many of us must be choosing the credit option, as we're a nation in debt. The average Australian owes over $2,500 on each of their credit cards and we're continuing to get over our heads in debt.

Credit cards are the predators of the financial seas, as they allow borrowers to spend money that they don't have.

Aussie claims to be taking on the credit card sharks with their Aussie MasterCard. Offering a lower interest rate than many competitors, the Aussie MasterCard is available for an annual account fee of $49.