Not sure if someone has already posted this news here.
http://www.news.com.au/business/story/0,23636,22579135-462,00.html
Cheers,
Oracle
http://www.news.com.au/business/story/0,23636,22579135-462,00.html
Cheers,
Oracle
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Having said that, I don't think I'd necessarily want 12 months rent up front again. I slapped it straight on one of my loans to reduce the interest, which was good - but it then cause a drain on my cashflow for the rest of the year when I had to make the entire mortgage payment without any rental income each month.
For the small amount of interest it saves, I don't think I could be bothered again.