Category Archive for "Home buying & selling"
Don’t be complacent with interest rate cuts
So July has marked the 2nd round of interest rate cuts and as veteran economist Dr Don Stammer once said “RBA rate cuts are like Mormons – they come around in pairs.” I have struggled to see why we needed...
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Open banking is coming – here’s what it means for you
Some big changes are coming to banking laws that could dramatically change the lending landscape for borrowers. It’s called open banking, and if you haven’t heard about it, don’t worry – you’re not alone. The proposition was announced during the...
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Why do banks need to know about my living expenses
Being assessed for a home loan can sometimes feel a bit like a police interrogation – all that the paper-based third degree is missing is a swinging overhead lamp in a small, dingy room! But banks want to know absolutely...
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Is it time to fix your interest rate now?
There was a lot of buzz in early June when the Reserve Bank finally cut the official cash rate at long last. For years now, the RBA had sat idle and kept rates on hold but was finally forced to...
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What you must know about Line of Credit, Offset Account and Redraw facility
Among the numerous financial products on offer, the three which are arguably the most misunderstood are the Line of Credit, Offset account and Redraw facility. When we talk to clients about what they understand each to be, we get a...
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Why buying a home is less risky than starting a business
If you log onto a news website or switch on breakfast television, you could be forgiven for thinking Millennials should just give up on most aspects of life. Wages have stopped growing. The world is an unstable and uncertain place....
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Is APRA finally listening?
We had some long-awaited news recently which everyone in the housing and finance sectors rightly celebrated. Now, I’m not talking about the Federal Election result – although that was good for the property market with the Coalition winning, given Labor’s...
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An interest rate cut will do little to help – so what would help?
We keep hearing about a supposed interest rate cut that is “coming” as is it is going to miraculously fix all our spending problems and put much more money in everyone’s back pockets. Oh dear, if you really think this...
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Section 32 & why it’s important when buying a property
Buying and selling real estate doesn’t need to be complicated but there are a number of legal hoops that need to be jumped through to ensure the transaction happens as smoothly as possible. Across Australia, there are different rules and...
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Lenders mortgage insurance (LMI) explained
Are you motivated to get into the property market but haven’t had the time to save a suitable deposit? Are you self-employed and struggle to prove to lenders you have a stable income? If you answered yes to either of...
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