In an article in The Advisor by Jessica Darnbrough is says that The Reserve Bank of Australia’s decision to cut the cash rate in May is finally starting to have a positive impact on consumers, with confidence on the rise once more. The Westpac-Melbourne Institute Index of Consumer Sentiment rose by 4.7 per cent in […]
In an article in the Australian Broker it says property investors are missing out on thousands of dollars’ worth of potential tax savings, with 80% failing to claim depreciation on investment properties, according to Raine & Horne and quality surveying firm, BMT Tax Depreciation. Angus Raine, CEO of Raine & Horne, is urging property investors […]
‘Budgeting” has to be one of the least appealing words in our vocabulary, but if you’re looking to take control of your finances you need to budget. It’s that simple. While most people squirm at the concept, it doesn’t have to be that painful. In fact, if done correctly, creating and sticking to a realistic […]
Saving for a home loan has never been harder, but there are still several ways that willing parents can help their kids break into the market. Guarantor – While your child may have the money to meet their regular mortgage repayments, they may not satisfy the lenders credit criteria. By becoming a guarantor for your […]
In an article from Mortgage News it says that if you turn on the TV, on most nights you’re almost certain to come across at least one ‘reality’ home improvement or renovation program. As exciting as they might make renovation look, real world renovation can be tough, not just on your back but on your […]
Last year the ATO announced the areas in which it will be cracking down on compliance breaches. Here are some top tips to make sure that you’re on the right side of the law. Cash transactions The ATO will also continue to apply its standard industry benchmarks to taxpayer records in order to identify businesses […]
Portion size. It’s something we’re often told to think about when it comes to food, but what about your mortgage? In fact, portion control is a crucial part of maintaining a well-balanced financial diet and similarly, ‘super sizing’ can wreak havoc with your financial health. Unlike with food, however, what’s right for you isn’t always […]
Do you think of yourself as a bit of a penny pincher? Or are you into more an extravagant lifestyle of wining & dining? When it comes to determining your loan size, it’s important to consider the lifestyle you live now and the sort of lifestyle you could reasonably adjust to. For some it’s easy […]
Broker News recent article stated the big four have more room to move on home loan rates than their non-major rivals, according to the RBA. Developments in Banks’ Funding Costs and Lending Rates, produced by Benn Robertson and Anthony Rush in the RBA’s domestic markets department, says a tougher funding environment exists for non-major banks […]
Australian Broker reported that bank of Queensland (BoQ) has agreed to appoint an independent expert to review its remediation process after a nearly decade-long system error saw customers lose out on an estimated $12 million. The bank informed ASIC late last year that it had recognised the error, which involved a failure to link mortgage […]
