Tips for young property investors

It is possible for people to launch into the property investment market in their early twenties – in fact, this is a great time to start, when you are first launching into your career and don’t yet have any other financial responsibilities such as a family to support. However, buying an investment property can never […]

Moving house. Should you buy or sell first?

So, the time has come to upgrade your house. But should you buy first, or sell your existing place first? It’s a tough choice. Here are the key pros and cons.

Comparing commercial and residential property investment

If you are looking for a sound real estate investment, look beyond the typical two bedroom apartment and consider expanding your portfolio with a commercial property. There are three types of commercial property – office, retail and industrial. There are some significant differences between investing in commercial and residential real estate, each with a potential […]

The Reserve Bank has kept official interest rates on hold at the record low of 1.5 per cent.

It is now the 18th consecutive board meeting where the RBA has not budged from its emergency setting. The non-move equals the previous longest stint without rates changing since the RBA became independent from Federal Treasury, set between January 1995 and July 1996. The RBA last moved in August 2016 with a 0.25 percentage point […]

Moving house – some costs to consider

Finding a new home can be exciting and fun, however sometimes moving to a new house is the worst. It is one of the most disruptive, stressful and chaotic of life experiences. It can also be expensive. Here’s a list of some things you will need to consider when planning the move. Packing Put simply, […]

The banks bare all in internal memos

The ACCC’s interim report into residential mortgage pricing reveals the “lack of transparency” around how the ‘inquiry banks’ – ANZ, CBA, Macquarie, NAB and Westpac— make these decisions. The regulator found a “lack of vigorous price competition” between the big four banks in particular, with negative public reaction being a major concern. The ACCC examined […]

Strategies to reduce credit card debt

These are strategies that anyone can try. Needless to say, your goal of getting ahead of credit card debt is more achievable if you cease or at the very least limit your spending on cards.

The official cash rate remains at 1.5%. March 2018

This marks the 19th consecutive month the RBA has kept the rate steady since it cut the official cash rate by 25 basis points in August 2016. The move was highly expected by many brokers and economists. More economists and banks are changing their forecasts of interest rate hike this year – from two to one […]

Overcapitalising: What it is and how to avoid it

As a home owner or property investor, you may have heard the term ‘overcapitalising’. But what exactly is it and why is it considered bad?

RBA leaves rates unchanged for another month

The Reserve Bank of Australia has left the official cash rate on hold at a record low 1.5 per cent at its first meeting of the year, citing continuing concerns about weak household consumption.

House Flipping for Profit

“Flipping” might be the new word on the block but Australians have long been part of the reno revolution. Some are looking for fast returns (the flip), while others are upgrading after being in a home for several years. Whichever your strategy, chances are the goal remains the same: to renovate for profit. Here are […]

How to refinance to renovate

Refinancing your assets to renovate a property is a significant decision that will hopefully improve your standard of living or add substantial value to your property. Refinancing isn’t as straightforward as you might expect. The type of renovation proposed goes a long way to dictating the loan required. If the wrong loan is chosen, you […]

Want to help your kids buy property

The real estate market can be tough for young adults, but as a parent you may be able to lend a helping hand. We tell you how. Parent-to-child loan A parent-to-child loan is when a parent lends their child money. This is a formal, legally binding arrangement, administered by an independent third party. At the […]

What happens when your fixed rate expires

Do you know when your fixed rate term is coming to an end? Once it finishes, the bank is free to quietly switch you to a higher interest rate – unless you act fast! Think of how costly it could be if you simply let the bank choose your interest rate. If your bank charges […]