Case study: corporate restructure to improve cashflow

Case study: corporate restructure to improve cashflow
Case Study: Experiencing difficulty covering superannuation payments, the directors of a large medical company asked their Broker if he could provide them with financial knowledge to help get them back on track

Beauty at a cost - renovating a heritage listed home

Beauty at a cost - renovating a heritage listed home
Working on a heritage listed property comes down to knowing the implications of your proposed plan.

What to consider before renovating

What to consider before renovating
The decision to renovate is a common sticking point for homeowners, who can spend hours weighing up the cost benefits.

Can you make extra home loan repayments?

Can you make extra home loan repayments?
Making extra repayments on your home loan can be a clever financial strategy. Investing your extra cash into your home can speed up your loan’s life cycle, with the added benefit of saving money in the long run

Is Brexit a Good Thing for Australia?

Is Brexit a Good Thing for Australia?
Under the United Kingdom’s exit plan, the government voted to leave the European Union on the 23rd of June 2016, the UK will remain a member until the 29th of March 2019.

On the First Day of Christmas, My True Love Gave to Me… An Overpriced Partridge in a Pear Tree

On the First Day of Christmas, My True Love Gave to Me… An Overpriced Partridge in a Pear Tree
It turns out the classic ‘12 Days of Christmas’ carol is not actually that cheap. In 2018, the total twelve gifts of Christmas are equal to $53,922.27 AUD- a 1.2% increase from 2017.

Why paying off your credit cards is not enough

Why paying off your credit cards is not enough
It seems like a no-brainer, right? You are buying a home, so you’ll pay off your credit cards to reduce your debt, but keep them active so you can buy some furniture or deal with emergencies even when you have a mortgage to pay. Wrong.

Investing in a holiday house? Location is everything

Investing in a holiday house? Location is everything
When deciding whether or not to buy a holiday house or unit as an investment, you would be best served to consider location first. Call us today on 130 930 106

The Bright Side to the RBA Raising their Rates

The Bright Side to the RBA Raising their Rates
Although the Reserve Bank is expected to continue to keep the cash rate low, small banks and non-bank lenders are increasing their rates, with the big banks following suit.

Three things you need to ask your partner before you apply for a home loan together

Three things you need to ask your partner before you apply for a home loan together
You’ve found someone you want to spend your life with. You know each other well enough to know whether or not you each blow the budget every month, but before you buy a property together, there are plenty of discussions you need to have

4 Red Flags you Should Break Up with your Home Loan Lender

4 Red Flags you Should Break Up with your Home Loan Lender
Like all relationships which start out with that romance where you are swept off your feet by everything that is promised by the other party, your partnership with your bank may have come to the end of its honeymoon stage/

Save $2,000 by Christmas by doing this One Thing

Save $2,000 by Christmas by doing this One Thing
At LKFS, we have two options that can help you purchase those last minute gifts and that much needed holiday, either through obtaining a cashback offer or through refinancing and saving thousands!

Is Australia Really In a Housing Bubble?

Is Australia Really In a Housing Bubble?
According to CoreLogic, approximately 60% of Australia’s wealth is concentrated in residential properties, equalling almost $6.5 trillion dollars, across 9.6 million dwellings

Barriers to Growth for South Australian Businesses and how to Mitigate Them

Barriers to Growth for South Australian Businesses and how to Mitigate Them
While there are 143,000 small businesses in South Australia, growth has remained stagnant at 1.6%, from 2016 to 2017, compared to the national growth rate of 3.1%; this small stymie of growth is likely the result of high overhead costs, along with wage costs and materials.

A buyer’s guide to purchasing a property with friends

A buyer’s guide to purchasing a property with friends
If you’re looking for a creative way to overcome being locked out of the property market by rising prices, buying a house with a group of friends may be a solution. It can also be a minefield though, so here’s how to avoid a blast.

7 tips for securing a business loan

7 tips for securing a business loan
Banks and other financial institutions offer a wide range of business finance options. Here are some tips on how to improve your chances of success

What to look for at an open house

What to look for at an open house
There’s an old saying that you should never judge a book by its cover, and this is true for houses – after all, who would buy one having never seen more than the front door?

Dopamine and The Dangers of Afterpay

Dopamine and The Dangers of Afterpay
The Afterpay addiction is real- shoppers are signing up in trolleys.

Westpac Raises Interest Rates on Home Loans - Which Bank is Next?

Westpac Raises Interest Rates on Home Loans - Which Bank is Next?
The banking industry has been subject to severe condemnation after the royal commission exposed highly damaging revelations that brought about intense political pressure for industry revisions.

3 Simple Steps to Switching Banks

3 Simple Steps to Switching Banks
Studies have found that 40% of Australians fell into this category and have been with the same bank they were signed up for in childhood. Out of this 40%, one in five individuals said that the thought of switching banks either hadn’t occurred to them or they just couldn’t be bothered.

Young Australians are keen to invest in bricks and mortar but don’t know where to start.

Young Australians are keen to invest in bricks and mortar but don’t know where to start.
Since building a home does not happen every day, it should be a fun and enjoyable process, so it is important to feel as comfortable as possible along the way.

The Smashed Avo Myth

The Smashed Avo Myth
Stop eating smashed avocado. Stop taking holidays overseas. Live with your parents, Save harder. Lower your expectations. Why don’t you just buy an apartment? This is the advice millennials receive on a daily basis about how to afford the Australian dream of home ownership, which is as unjustified as it is patronising.

Saving for deposit? Have you considered house sitting?

Saving for deposit? Have you considered house sitting?
Dave and Esther Muller, a couple in their mid-20s, have saved almost $25,000 they would have used on bills and rent by house-sitting

How to pay off your mortgage faster

How to pay off your mortgage faster
When was the last time you looked closely at your loan, the progress you are making on paying it off and how it compares to others in the market?

How often should you review your home loan?

How often should you review your home loan?
It is a good idea to give your home loan a health check once a year to make sure it is still the most suitable product for you, your needs and your goals for the future. And after tax time, it is a great time to review your home loan.

First home buyer blues: The issues Millennials face in 2018

First home buyer blues: The issues Millennials face in 2018
Many Millennials are now looking to enter the housing market and buy their first home, however, they are finding that there are many obstacles along the road to home ownership.

How to buy a house when you have a HECS or HELP debt

How to buy a house when you have a HECS or HELP debt
You can remember it now: sitting in a chair at the back of the lecture theatre, chatting to your friends and ignoring the debt that each day at university was plunging you into. But now you’re older and wiser, and reality has set in. You want to buy a property, but you’re unsure how your student HECS or HELP debt could impact your ability to take out a loan.

Which type of home loan is right for you?

Which type of home loan is right for you?
The array of mortgages available helps a good credit adviser to tailor a package to suit your needs

Mandatory credit reporting changes and how they will affect you

Mandatory credit reporting changes and how they will affect you
From 1st of July 2018, the implementation of Comprehensive Credit Report (or Positive Credit Reporting) will be administered and expected to be completely phased in over the next two years. The new measure will currently only apply to the Big Four Banks, however, it is predicted that the remaining institutional bodies will catch on in order to remain competitive.

10 tips on how to increase your borrowing capacity

10 tips on how to increase your borrowing capacity
Maximising the amount a lender will hand over to you isn’t about trying to take on unmanageable levels of debt. It’s a matter of taking a few simple but smart steps that could mean the difference between toiling in that ‘fixer-upper’ or owning your dream home.
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