News

Important Coronavirus Update for Renters

If you are a renter, you may have heard that your landlord can skip their home loan repayments. Unfortunately, this is not accurate. Anyone with a mortgage, if they are experiencing financial hardship, can only delay their home loan repayments, but they still have to pay them in full. In fact, when a property owner […]

Real estate 101 (A cheat sheet)

If buying or selling for the first time, you might be bamboozled by all the real estate jargon bandied about. Here is our A-Z guide to what it all means. Accrued depreciation The total depreciation of a property over a period of time. Usually the difference between the replacement value at purchase and its present […]

Warren Buffett’s Advice on How Investors Should Respond to a Super-Contagious Disease

If there’s one person investors should listen to during a market correction, it’s Warren Buffett. At age 89, Buffett has lived through quite a few downturns. And he’s made out pretty well: His net worth is in the ballpark of $85 billion.  Through the years, he has given a lot of great advice in his […]

Reserve Bank slashes interest rates to new low of 0.5pc to counter coronavirus hit

The Reserve Bank has slashed interest rates to a record low of just 0.5 per cent as it seeks to contain the economic fallout from the escalating coronavirus crisis. Key points: The Reserve Bank has slashed interest rates from 0.75 per cent to a fresh record low of 0.5 per cent The RBA has now […]

How to cure the Christmas Debt Hangover

The festive season might be a distant memory but many of us will still be paying for it well into the future. According to the Australian Securities and Investment Commission (ASIC), more than a third of us put our Christmas gifts on plastic. The Christmas splurge adds to our mounting household debt, already among the […]

RBA announces first cash rate of 2020

The Reserve Bank of Australia has announced its first cash rate decision of the new year. The rate has been kept on hold at its current record low of 0.75%, where it has sat since October 2019.  Following the release of the most recent data which showed a lowered unemployment rate and an uptick in the inflation […]

Non-conforming loans: What they are and how to get one

All the major banks have a standard set of rules they use to decide if a loan application is acceptable, or not. A ‘non-conforming’ home loan is simply a term used for home loans designed for people that don’t fit those rules. Loans like these can also be called ‘specialist’ or ‘alternative’ loans (alt doc). […]

Refinancing: Should you or should you not?

Banks are currently offering attractive rates to entice new customers. Is it time to change lenders? Refinancing is the process of replacing an existing mortgage with a new loan. Typically, people refinance their mortgage in order to reduce their monthly payments, lower their interest rate, or change their loan program from an adjustable rate mortgage […]

Are auction clearance rates likely to fall if more properties come onto the market?

There’s been a lot of conjecture recently about whether auction clearance rates are an accurate indicator of near-term upward momentum in dwelling prices. Some market watchers are hesitant to call a trend, citing “low” auction volumes. The theory goes that as auction volumes increase, clearance rates might dip lower (as supply outstrips demand). “We think […]

Official Rates reduced by 0.25% to 0.75%. A new record

The Reserve Bank of Australia has cut rates to a record low 0.75 per cent following persistent weakness in the labour market.  RBA governor Philip Lowe has repeatedly flagged concerns over excess slack in Australia’s labour force, which has worsened in recent months despite employment generally ticking upwards. Growing numbers of women and older Australians […]

Buy Now Pay Later – the hidden danger potentially stopping you from owning your own home

The Buy Now Pay Later sector is winning-over the youth demographic with the promise of instant gratification, but leading mortgage brokers are warning that with every sugar-high comes the risk of a corresponding low. ‘Buy Now Pay Later’ providers such as AfterPay and Zip Pay have experienced massive growth in popularity, with the number of […]

RBA keeps interest rates on hold at 1pc

The Reserve Bank has taken a breather from cutting interest rates, leaving its official cash rate at the historic low of 1 per cent. Having cut rates at its June and July meetings, the market had largely anticipated the decision. However, it may just be a pause with expectations of a cut next month hovering […]

5 Myths (and 5 Truths) About Selling Your Home

1. I need to redo my kitchen and bathroom before selling Truth: While kitchens and bathrooms can increase the value of a home, you won’t get a large return on investment if you do a major renovation just before selling. Minor renovations, on the other hand, may help you sell your home for a higher […]

RBA keeps interest rates on hold at 1%

The Reserve Bank has taken a breather from cutting interest rates, leaving its official cash rate at the historic low of 1 per cent. Having cut rates at its June and July meetings, the market had largely anticipated the decision. However, it may just be a pause with expectations of a cut next month hovering […]

Questions to consider before furnishing your investment property

Any savvy property investor with a strong, thought out strategy for wealth creation will tell you that maximising rental returns is essential to success. After all, you rely on the cash flow from your portfolio as an income stream to help pay your mortgage, maintain your investment or save money for a potential holiday. One thing […]