Millennials to outspend Baby Boomer’s in real estate

Millennials to outspend Baby Boomer’s in real estate
According to a prominent real estate group, Millennials are poised to overtake Baby Boomers in real estate spending powers within the next five years with over 65 percent of those born between 1982 and 2002 tending to choose lifestyle over property.

Everything you need to know about bad credit car loans

Everything you need to know about bad credit car loans
So you’ve got bad credit and you want to borrow money to buy a car. You’re no orphan. Thousands of people have the same problem.

Home loan pre-approval explained

Home loan pre-approval explained
Pre-approval is a lender’s assessment of your likelihood of being approved for an otherwise suitable loan

Comprehensive credit reporting: Borrowers to reveal all

Comprehensive credit reporting: Borrowers to reveal all
By making comprehensive credit reporting mandatory, the Government will force the major banks to share customer data, starting in July this year.

Government to introduce new housing affordability legislation

Government to introduce new housing affordability legislation
The Australian government has released a new legislation draft which looks to establish the National Housing Finance and Investment Corporation (NHFIC) to increase housing affordability.

Refinancing traps to avoid

Refinancing traps to avoid
Whether you’re after lower repayments or want to tap into the equity sitting in your home, refinancing can offer a world of benefits.

New Year’s resolutions: Set and achieve your money goals in 2018

New Year’s resolutions: Set and achieve your money goals in 2018
Whether you’re dreaming of to taking a holiday, getting a new car, growing your superannuation or even just becoming more organised with your money, the new year is a great time to get started setting financial goals.

RBA: A recession is not the answer

RBA: A recession is not the answer
The Reserve Bank of Australia has renounced claims that a fully fledged recession is the only way for the Australian economy to improve, instead, saying that recessions only promote “destructive destruction”.

Investing in a holiday house? Location is everything

Investing in a holiday house? Location is everything
Before you take the leap into a holiday-home investment, it is essential that you consider all angles.

The Aussie housing market: Interest rates and the future of the economy

The Aussie housing market: Interest rates and the future of the economy
A recent report released by Bloomberg has brought attention to data from the Australian Bureau of Statistics and CoreLogic which suggests that Australia’s era of housing hysteria has come to an end.

Simple money steps for women

Simple money steps for women
The same approach to managing day-to-day money can be applied to long-term investments.

How to invest in property through an SMSF

How to invest in property through an SMSF
For some years, self-managed super fund members have been able to invest in residential property, as long as they follow strict guidelines.

A race against the clock: Australian home buyers are feeling the pressure

A race against the clock: Australian home buyers are feeling the pressure
According to a new survey, almost three-quarters of Aussie home buyers believe that they have less time to make property purchasing decisions today than they did just five years ago.

Helping your kids buy a home

Helping your kids buy a home
If like many of our clients, your goal is to help your children buy a home, there are a few ways you can help. Perhaps some of the tips below might give you an idea or two to discuss with your adviser.

The “Bank of Mum and Dad”: Australia’s 5th Biggest Lender

The “Bank of Mum and Dad”: Australia’s 5th Biggest Lender
New research has found that the “Bank of Mum and Dad” has become Australia’s fifth largest lender as the number of first time home buyers relying on financial assistance from their parents increases.

Six traits of Australians living the dream

Six traits of Australians living the dream
Almost one in four Australians (23%) believe they are definitely or mostly ‘living the dream’, according to recent research from the Financial Planning Association. Here are six traits that have helped them to achieve their dreams.

What comes first: The property or the loan?

What comes first: The property or the loan?
Looking for a property to purchase is an exciting time. Choices regarding location, size, number of rooms and local amenities often see house hunters carried away in a deluge of daydreams and anticipation.

Could property investors bring down the Australian housing market?

Could property investors bring down the Australian housing market?
With the number of Australians getting involved with property investment steadily increasing over recent years, the RBA is now becoming concerned that many investors will put their assets on the market if capital growth should begin to show signs of slowing down.

Mortgage worries: RBA warns of future interest rate hikes

Mortgage worries: RBA warns of future interest rate hikes
For the 13th month in a row, the RBA has left the rate unchanged at a record low of 1.5 percent, which is great for news for the majority of Australians. The bad news, however, is that they intend to raise rates.

Looking to refinance your mortgage asap? Try a fast refinance

Looking to refinance your mortgage asap? Try a fast refinance
A fast refinance allows a borrower to switch their existing mortgage to a new lender without the risk of their current lender slowing the process down.

Aussie mortgage repayments now exceed the 30% “unaffordable” threshold

Aussie mortgage repayments now exceed the 30% “unaffordable” threshold
A new report on housing affordability in Australia revealed that the percentage of the average Australian household income used to service a typical mortgage has increased to 31.4%.

Home loan tips for people over 50

Home loan tips for people over 50
It might come as some surprise to hear that many banks and lenders have policies in place which restrict the borrowing capacity of older loan applicants.

Is it better to buy an investment property or home first?

Is it better to buy an investment property or home first?
There’s a lot to consider when making such an important purchase, especially for the first time.

Flirt with your home loan

Flirt with your home loan
Loyalty may be a virtue but it could be costing you up to $82,000 over your lifetime if you choose to stick with one of the big four banks.

Can refinancing my home loan save me money?

Can refinancing my home loan save me money?
Even if you secured a competitive package when you first took out your home loan, it’s worth reviewing each year to ensure the interest rates, fees and features continue to meet your needs.

Superannuation or Property: Where’s the best place to put your money?

Superannuation or Property: Where’s the best place to put your money?
If you’re paying off your home loan but you also understand the value in building up your super, you may find yourself trying to balance your present needs with those you’ll have in your future.

Close to one in five Australians have their home loan application rejected

Close to one in five Australians have their home loan application rejected
A new study has found that up to eighteen percent of Australians looking to get a home loan approved have been turned down by a financial institution and that close to one in ten have been rejected by one of the big four banks.

Nothing succeeds like succession planning

Nothing succeeds like succession planning
Small business is generally regarded as the backbone of the Australian economy, but that strong back is showing signs of age. With 30 per cent of all small business owners aged on the wrong side of 55, it is important to have a succession plan in place.

Three Ways for Younger Australians to get a foot on the Property Ladder

Three Ways for Younger Australians to get a foot on the Property Ladder
So it can be tough to put together a deposit, especially when you’re starting out. It’s a far cry from back in your parents’ day, when it seemed to be easier to achieve the great Australian dream of owning a home.

Closing the Gender Gap: Retirement Tips for Women

Closing the Gender Gap: Retirement Tips for Women
Women retire, on average, with $105,000 in super savings, which is $92,000 less than men, according to ASFA. More concerning is that 1 in 3 women retire with no superannuation at all.