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 […]
A staff reporter from the Advisor recently wrote nearly one in three new borrowers locked in fixed rates on their loans during March, new data has revealed. According to AFG’s latest Mortgage Index, 29.6 per cent of all new home loans were fixed – a leap from 24.1 per cent in February and 16.3 per […]
Australian Broker Online recently reported that at a time when the Government has reduced the amount of cash support being given to first home buyers, either by reducing grants or limiting stamp duty concessions, RateCity’s Michelle Hutchison says there’s one program aimed at supporting savings that’s gone mostly unnoticed. The First Home Savers Account Scheme, […]
In an article from Australian Broker Online it says that after nearly two years of downward movement on fixed interest rate home loans, a major bank has made the first increase on their fixed interest rate this year – and it’s likely that other lenders will follow suit says one industry commentator. Westpac has lifted […]
The satisfaction level of Westpac business customers increased slightly to 67.9% in January 2013 (up from 67.7% in December 2012), while satisfaction with the other three majors declined, according to a Roy Morgan Business survey. The result increases Westpac’s lead over its nearest big four competitor, CBA (63.5%). Westpac has been the market leader of […]
