-
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 CommentsCheck 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
-
Is switching loans a suitable alternative for me?
- October 18, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
Your home loan is usually your largest financial commitment. We understand that changes in interest rates can have a big impact on your monthly repayments and how long it takes you to pay off your loan. Switching loans might cost you thousands in early exit fees1 and other required fees, but it could possibly SAVE
-
What do YOU know about the Australian lender market?
- October 13, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
The ‘Big 4’ banks have maintained a dominant profile in the complex and ever-changing Australian finance market – just think about how often you read about them in the news! And it is this high profile in our everyday lives that has contributed to a perception that all lenders are the same. Is that what
-
20% of retirees will run out of money!
- September 22, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
Research1 shows about 20% of retirees are spending their super at ‘unsustainable’ levels. What does that mean? It means about one fifth of us will most likely outlive our retirement savings. And… This percentage is predicted to rise as more of us enter retirement! Recent research2 shows 54% of pre-retirees (55 and over) are financially
-
Should we stay… or should we go?
- September 12, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
There is no end of financial advice on preparing for retirement: superannuation, investments, tax minimisation, age pension eligibility, funding your desired lifestyle – the list goes on. All this advice highlights the importance of planning ahead – the sooner you start the better prepared you will be. Downsizing is on the move Between 2009 and
-
Debt Got You Down? Then Take Action Now
- August 7, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Wealth
A recent survey revealed 41% of Australians have credit card debt and of those nearly 4 million cannot afford to repay it! In addition: • The average Australian household has a debt of around 185% of their annual disposable income1 • Australian households have the fifth highest debt levels in the world with household debt
-
Family… to Help or Not to Help?
- February 14, 2017
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, Investment Property
Do you have children trying to get into the property market? Are your children wondering if it will ever be possible to buy a property in today’s market? Outgoing Reserve Bank governor Glenn Stevens stated that the only way for young people to get onto the property ladder in Australia’s most heated market – Sydney
-
Nearly Half of All Homeowners Have NEVER Refinanced! Are you one of them?
- January 15, 2017
- Posted by: admin
- Category: Budget, Finance News, Financial goals, Investment Property
A recent survey of Australian mortgage holders found 45% had NEVER refinanced their home. The report also found customers who DID refinance saved an average of $240 per month ($2,880 pa) by refinancing a 30 year loan. What would YOU do with an extra $240 each month? Why consider refinancing? You no doubt know the
-
Life After Day Care… Discover Your Hidden $avings
- January 5, 2017
- Posted by: admin
- Category: Budget, Financial goals
When we live in a busy and expensive world we are often so focused on the money going OUT of our pockets that we sometimes don’t notice what’s coming IN. When you stop and think about it, there are a number of events in our lives when we DO actually have financial wins but because
-
Starting Over…
- December 25, 2016
- Posted by: admin
- Category: Budget, Wealth
In Australia today around 1 in 3 marriages can be expected to end in divorce. With 77% of Australian couples also living together before getting married (and let’s face it – some don’t go the distance) the real impact of relationship breakdowns is likely to be much higher than the statistics lead us to believe.