What is loyalty tax? Loyalty tax is the premium rate that you pay for sticking for one lender when the same lender is offering cheaper rates to its new customers. Lenders do this as they assume that once your loan has settled customers won’t continue to check that they are getting a competitive rate. But…
Buying your first home is one of the biggest financial commitments you will make. So, there are countless government programs throughout Australia to make this process a whole lot easier. However, the tricky part is trying to work out which concession, grant or scheme applies to you and where you’re purchasing your first home. Here’s…