Blog
Australians warned on dodgy debt firms
ASIC has cracked down on misleading advertising by debt resolution firms, which should serve as a warning to investors to be diligent when looking to engage with one. ASIC has taken action again debt management firms as part of a crackdown on misleading advertising....
Banks to give business borrowers 90-day warning
GOOD NEWS - Banks who decide not to renew a Borrower's business loans will have to give 90 days’ notice The Australian Bankers Association has announced that business borrowers will get 90 days’ notice of whether their loans will be renewed. The ABA was...
“If you can’t trust your broker, who can you trust?”
“I am in awe of what you do,” said Minister for Small Business Michael McCormack to a room full of brokers in Sydney yesterday (26 April).At a breakfast event held by the Mortgage & Finance Association of Australia (MFAA), the minister spoke of the challenges and...
Investors who use their Super to invest in Property may be squashed under a Labor government
The Labor government is reportedly looking to abolish the right for self-managed super fund (SMSF) members to purchase property in their funds. Peak bodies in the SMSF space, such as the SMSF Association, have come out swinging According to ATO statistics, SMSF...
MORTGAGES AND BREAK-UPS: SOME PRACTICAL TIPS WHEN SEPARATING
Breaking up is hard to do. On top of the emotional impact, there are practical ramifications as well. When there’s a separation or divorce, debts you’ve accrued during the relationship unfortunately don’t go away. The longer a couple is together, the harder it can be...
Should I refinance my home loan regularly?
It’s interesting that when our home or car insurance is due for renewal most of us invest time to shop around and check we’re still on a good deal.Yet we hesitate when it comes to reviewing our home loan!?! With the RBA cash rate at an all-time low and lenders...
8 Strategies for Winning at Auctions
Here are 8 smart strategies that could improve your chances of winning: 1.Obtain a Pre-approval When you buy at auction you commit to the purchase then and there. This means that you need to be certain about having access to the money in time for settlement....
7 money mistakes the average Australian keeps making
Over half of Australians lived in middle-income households This demographic includes families earning between $42,000 and $125,000. Australia’s middle class - the avearage - includes teachers, firefighters, and plumbers, but also engineers, construction managers, and...
Borrowing Capacity for Investors tipped to Drop
Morningstar has outlined the likely action APRA will take to curb investor lending after the impact of its initial efforts to cool the market appear to be fading. In a research report on Commonwealth Bank of Australia (CBA) late last week, Morningstar analyst...
SPOTLIGHT: Bank rate hikes
A series of lenders have moved on rates in the past few days, with increases from AMP, CBA, ANZ, NAB, Homeloans, Bendigo Bank, St.George and Westpac ranging from 0.07% to 1.17%. Commenting on the banks’ moves, AMP Capital chief economist Shane Oliver told Mortgage...
When is the right time for capital raising in your Business?
You want your business to be the best it can be, and capital raising can help that. More available cash can help your business to keep growing and growing, but raising this cash the wrong way can end up in set backs and the opposite result. Raising capital can...
Building Contract – Turnkey or Turkey?
To the uninitiated Investor or Home Owner looking to build a new home, the marketing material provided by some builders might look pretty enticing but when House & land prices and Building prices seem too good to be true then the internal alarm bells should start...