There was an article in the Advisor Magazine recently that says the federal government and the federal opposition party have ruled out the prospect of abolishing negative gearing. At a debate held at the National Press Club in Canberra recently, both parties said that they would not consider abolishing the investment strategy. Real Estate Institute […]
According to Kevin Eddy of Broker News Australians are most comfortable with their level of long – term debt, particularly mortgages, out of all aspects of their finance. ING Direct’s new Financial Wellbeing Index indicates that Australians’ median “comfort level” in terms of long – term debt was rated at 6.5 out of 7. The […]
The credit crunch and resulting squeeze on liquidity, coupled with the Australian Government’s recent crackdown on responsible lending, has made it harder for the self-employed to secure a home loan. But with one in 10 Australians now self-employed, there is still a strong industry servicing this sector and opportunities are still available for self-employed borrowers- […]
Auctions are a fast, practical and effective way to make a home purchase or investment. If you’ve considered buying at auction, here are a few pointers to give you a head start over the competition: Have pre-arranged finance: It’s a good idea not to place a bid on property until you have pre-approved finance. It […]
A recent article written by Jessica Darnbrough states that Australia’s banks are imposing hurdles on borrowers that prevent them from getting a loan, according to Aussie. The non-bank financial services group’s chief executive officer Stephen Porges said money sourced from global credit markets is now priced considerably higher than it was a few years ago, […]
The following article was published in the BrokerNews magazine and was written by Andrea Cornish and it was interesting reading. Andrea goes on to say that The Australian Bankers’ Association (ABA) is challenging research used by the peak industry body for Credit Unions and Building Societies. The ABA says Abacus is using misleading information […]
I was reading an article recently which commented on reasons why Generation Y’ers were unable to enter the property market. The article goes as follows…….. Lack of savings rather than rising interest rates and house prices is the major reason Generation Y’ers are unable to enter the property market, according to a national survey.The latest […]
The Reserve Bank of Australia (RBA) has all but confirmed that home buyers can expect a reprieve from rising rates, after admitting that it’s rapid succession of rate rises had hit household spending and curbed borrowing. Data from the Australian Bureau of Statistics shows housing finance to owner-occupiers weakened in March, falling 3.4 per cent. […]
What is the most important asset you have? Yourself. Your Health Your ability to earn an income. Probably you would answer “yes” to any one or more of the above. Australians are according to statistics, highly underinsured with record levels of debt and low levels of personal savings. Here are three scenarios to consider What […]
Rising property prices are making it increasingly difficult for first home buyers to save the deposit required by banks to secure a mortgage. Coupled with rising property prices, it’s becoming more and more difficult for budding buyers to step onto the property ladder. There are some solutions – including being a guarantor on your children’s […]
