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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 CommentsCOVID-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 -
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
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
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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
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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
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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
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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
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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
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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
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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
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Bottom Of The Curve – Where Will Interest Rates Go From Here?
- December 5, 2016
- Posted by: admin
- Category: Bank fees, Finance News, Interest rate
‘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