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Today Tonight were last night spruking EFM's as a way for people to get through the housing unaffordability issues. They are only a few months behind the eight ball but the popularity of EFM's must be rising. Does anyone in game have an update on how the uptake of this is going? BR

From The Australian. Someone has done the sums for us. BR

Certainly agree with you there. BR

Hmm. I read it differently, that the lender gets 100% capital gains and because we are so nice we will let you 'share up to 35% with us'. You may well be right, I haven't looked into it at all, but I couldn't imagine a bank offering 50% EFM and only taking up to 35% capital gains. BR

The borrower can share up to 35% of capital gains. Meaning the minimum the bank gets is 65%. Doesn't sound so good now, does it? BR

I think a lot of what people arguing against this product are basing their thoughts on, are that they know better about what people should be spending their money on. If someone wants to maintain their current lifestyle and still be able to purchase a nice house, good on them, let them go. I...