Your decision to purchase a new house is a significant life event, and the thought of becoming a homeowner might be a little intimidating.
Over two million seniors rely on the Age Pension for retirement income, according to the Australian Institute of Health and Welfare (AIHW). Currently, you can start receiving the pension at age 66.5, but by the middle of 2023, you’ll need to be 67 or older.
With interest rates rising almost everywhere, including Australia, people have begun tightening their purse strings as best they can.