Monthly Archives: September 2018

Reverse mortgage warning | Shed Connect

Posted on September 4, 2018 by | 1 Comment
ASIC deputy chair Peter Kell says: “Reverse mortgage products can help many Australians achieve a better quality of life in retirement. But our review shows that lenders and brokers need to make inquiries that would lead to a genuine conversation with customers about their possible future needs, not just a set of tick boxes on a form.” Borrowers have been cautioned that are not getting enough help from lenders or advisers in working out the...

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Melbourne man facing expensive dilemma after buying home with illegal structures – ABC News (Australian Broadcasting Corporation)

Posted on September 4, 2018 by | 0 Comments
Hao Dong was dazzled, and when the time came for the house to be auctioned in March 2016, he placed the winning bid. He purchased the property in the hope that it could one day house his parents. But a few weeks ago the illusion of a good investment was shattered when the council, having received a complaint the property was being used as an unregistered rooming house, revealed most of the structures on the...

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