HomenewsBank fees

  • Panic & Financial Decisions don’t mix well…

    • April 8, 2020
    • Posted by: kimrider
    • Category: Australian Dollar, Bank fees, Brokers, Credit Rating, Economics, Finance News, Home loan product, House prices, Interest rate, Rental Property, small business, Uncategorized
    No Comments
    COVID-19 has certainly changed our way of life; from having to prioritise our health and well-being, to many of us working and living in isolation and the financial challenges for individuals, business and government across the world that have no precedent. With the unsteadiness and emotion comes panic - look no further than toilet paper
    read more

  • If you are paying interest on a Depreciating asset you are going broke! 

    • October 18, 2019
    • Posted by: formula1
    • Category: Bank fees, Brokers, Budget, Enconomy, Finance & accounting, Finance News, Financial goals, Home loan product, House prices, Interest rate, Investment Property, Property Renovation, Rental Property, Uncategorized, Wealth
    No Comments

    Check your investment property – If you are paying interest on a Depreciating asset you are going broke!  Think about this….using your Net income to pay down an investment mortgage that is not increasing in value – BIG MISTAKE.  One of the worst investment strategies you can find yourself in is throwing good money after

    read more

  • 7 tips to get ‘money-savvy’ with millennials

    • September 9, 2019
    • Posted by: Karen
    • Category: Bank fees, Finance & accounting, Financial goals, First Home Buyer, Innovation, Wealth
    No Comments
    Get 'money-savvy' with Millennials

    You may be forgiven for thinking of the millennial generation as financially frivolous given all the headlines on ‘smashed avocado’ – spending money on café breakfasts. Contrary to popular belief, this generation can teach parents and older generations a few money savvy tips. Follow these tips and the banks will love you: If your finances

    read more

  • Bottom Of The Curve – Where Will Interest Rates Go From Here?

    • December 5, 2016
    • Posted by: admin
    • Category: Bank fees, Finance News, Interest rate
    No Comments

    ‘Bottom of the curve’ is a term often used to describe the point where interest rates may have hit their lowest point over a period of time. The Reserve Bank of Australia (RBA) began dropping the cash rate in November 2011 eventually reaching an all-time historical low of 2.00% in May 2015 – where it

    read more

  • Is it the right time to fix my interest rate

    • September 30, 2015
    • Posted by: admin
    • Category: Bank fees, Brokers, Budget, Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, Inflation, Interest rate, Investment Property, Property Renovation, Self Managed Super Funds, Wealth
    No Comments

    Interest rates and home loans continue to be a hot topic in financial circles. 2015 has seen the lowest cash rate – and resulting interest rates – in Australian history. Can they go any lower? Opinion remains divided as to whether they will go any lower – and also when. In addition, the RBA no

    read more

  • Banking reforms bad news for brokers

    • December 14, 2010
    • Posted by: admin
    • Category: Bank fees, Government banking reform
    No Comments

    Treasurer Wayne Swan’s proposed banking reforms could have negative ramifications for brokers. It is hard to tell what impact any banking reforms would have on brokers until they are formally introduced, the government’s plan to slash mortgage exit fees could force lenders to recoup these costs elsewhere. I think there is a good chance the

    read more

  • Banks cost of funds just an excuse

    • November 17, 2010
    • Posted by: admin
    • Category: Bank fees, Bank Profits, Inflation, Interest rate
    No Comments

    A new report has found the banks interest expenses have risen by less than the RBA’s rate hikes. According to the Australian Institute report, the major banks have been profiteering by lifting rates above the RBA’s official moves. All the major banks have consistently claimed that their costs are rising by more than the official

    read more

  • Refinancing could be costly

    • November 16, 2010
    • Posted by: admin
    • Category: Bank fees, Interest rate
    No Comments

    Mortgage holders should carefully weigh up their options before shifting to a rival lender. All the controversy over interest rate hikes and bank fees has resulted in an increase in refinancing enquiries. Those considering a change need to investigate all of the costs associated with refinancing. My advice is to think before you leap. It

    read more