Let’s Bust some Money Myths

Making the most of your money often requires common sense more than a commerce degree. Let’s take a look at five misconceptions about money that could be holding you back from greater financial freedom. 1) I DON’T EARN ENOUGH TO SAVE A lack of savings generally has less to do with how much you earn […]

No change in Cash Rates

Following its monthly board meeting, the Reserve Bank of Australia (RBA) announced that it has held the official cash rate at 1.5 per cent. All 31 economists surveyed predicted the RBA’s verdict, citing uncertainty in domestic and foreign markets. Over 90 per cent of brokers surveyed also predicted a rate hold. Prior to the RBA’s […]

How to escape mortgage stress

Understanding your borrowing capacity First of all, it’s important to understand how much you can realistically afford to borrow for a home loan. Consider Reviewing your income, expenses, other financial commitments, potential loan details and number of dependents to get an understanding of how much you can afford to borrow. Remember, what you can save […]

Investing in Property with a Friend

Have you ever heard the expression, ‘no friends in business’? It’s an oldie but a goodie. This is the attitude you should bring when considering buying property with a friend. Many good friendships have gone under the bus, and lots of people have taken a bullet to their credit rating by not giving this decision […]

Interest rates still on hold at record low of 1.5% as economy looks set to slow

Increases over the last week by the likes of Westpac and Suncorp were a factor in the RBA’s decision to leave official rates on hold for yet another month at 1.5 per cent. It marks the longest ever run of interest rate stability in Australia, with the last movement (a cut) happening back in August […]

Selling your House

Because selling your home in record time takes some elbow grease. How far should you go when presenting your home for sale? Do you really have to get rid of all your family photos? Who has the time to bake a fresh batch of cookies in time for every open house? There are some things […]

Two Years with no Official Rate Change

The Reserve Bank of Australia has held the cash rate at its historic low of 1.5% for the 24th consecutive month. It is the longest period of interest rate stability on record. The Bank’s central forecast for the Australian economy also remains unchanged with GDP growth expected to average a little over 3% in 2018 […]

How do I decide between a fixed or variable interest loan?

Unsure about whether to lock down your interest rate for a period with a fixed rate home loan, or take your chances with a variable rate home loan? It’s a decision everyone faces – from first-home buyers right through to investors – at various points in a loan’s life.

Should you Upgrade your home ?

So, you’re thinking about upgrading your home. Maybe your kids are getting older now and it’s time to find a place with a big backyard. Most new home owners will make the decision to upgrade before long – but for many young families, a lack of planning can spell disaster when upsizing the family home. […]

Cash Rates Remain unchanged for another month

The RBA has made its decision on the cash rate, choosing to hold it at 1.5%. It has now been at this rate for 22 meetings and experts are not forecasting a change any time soon. Predictions coming in over the weekend and yesterday had forecast this decision, with AMP Capital’s chief economist, Dr Shane […]

CCR is Coming

From 1st July 2018, comprehensive credit reporting (CCR) will become mandatory, meaning banks will be forced to share detailed positive and negative financial history with other lenders. Currently, most lenders only share negative information such as credit applications, defaults, overdue payments, bankruptcy and judgments. Under the new regime, they will now also have to share […]

Rentvesting – enter the property market without sacrificing your current lifestyle

As property prices continue to rise, purchasing in a centrally-located or sought-after area is getting out of reach for the average working millennial. Instead, many are opting to rent rather than buy as it means not having to compromise their inner city or beach side lifestyle. But for those who are still eager to enter […]

RBA keeps rates on hold at historic low of 1.5%

The Reserve Bank has left interest rates unchanged at the historic low of 1.5 % for the 20th consecutive meeting. The current holding pattern is the longest stretch without a move, with the RBA last changing rates with a 25 basis point cut in August 2016. The decision was of little surprise, with the market […]

How to get the biggest return on an investment property

When purchasing an investment property, there are several factors that could increase or reduce your potential return on investment. In this case it’s not just location, location, location. When considering a property for investment purposes, the most important question to ask is ‘will be attractive to tenants?’.  But how do you know what will appeal […]

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 […]