Buying a home is a major decision that takes planning, research and careful budgeting. Here are some tips from ASIC’s MoneySmart website to help you get started.
You may have seen media reports recently announcing that many lenders have increased the interest rates that they charged for investment property loans. Despite record low interest rates, lenders have elected to increase the cost of borrowing for investors. Lenders have also over the recent month changed their lending policies towards investors. This is […]
Found your next dream property, but still selling your existing one? In a perfect world, the date on which we sell our existing property and buy a new one would seamlessly align. For those real-world moments when there’s a gap in your dates, and your bank balance, there’s bridging finance. What is bridging finance? As […]
Read your home loan statement lately? Do you know your loan’s interest rate? If your home loan paperwork is gathering dust, make it a New Year’s resolution to get reacquainted in 2015. A simple review of your home loan could uncover serious savings. Reviewing your loan can be as easy as asking yourself these 5 […]
Over Christmas, when the credit card often gets a workout, it is easy for budgets to go AWOL. It can also be a time when financial complacency creeps in. Have you ever asked, ‘what would happen to my loan repayments if my financial circumstances changed’? If your employment status changed, could you keep meeting your […]
Last week I attended a presentation by Riki Polygenis, Senior Economist ANZ Bank. In one of the slides Riki put up showed that market rates have started to move up. This is indicated by the 90-day, 3-Year Swap and 5-Year Swap rates rising ahead of where the RBA cash rate is currently at. Could this […]
Owning a home is the great Australian dream. Your own house, your own space, your own four walls to call home: it’s a goal that many of us aspire to. But is this the right decision for you? Every first home buyer should ask this fundamental question, because there are both advantages and disadvantages to […]
With interest rates at an all time low and commentators in the media speculating on what long term interest rates may do, many of our clients are asking: should we fix the interest rates on our loan now, or is it better to have a variable rate?