In a recent article in the Australian Broker magazine it was reported that the ABA says banks are receiving ‘numerous’ inquiries from customers worried about their retirement security because of potential increase in taxation on superannuation. Steven Muchenberg, chief executive of the ABA, says the organisation has been advised by banks that many customers are concerned […]
Big Four Profits now equal size of a small country Following the CBA’s record profit recently, ANZ has reported an unaudited cash profit for the three months to December 31, 2012, of $1.53 billion – up 6.2% on the same period in 2011. The value of the major banks has reportedly risen by more […]
If you are looking to crack the property market in 2013, the summer holiday break would be the perfect time for you to ask yourself a few key questions. Have you considered your home loan options???? Often buyers go through all the hard work of finding their dream home only to discover no lender will […]
Australian residents are as mobile as ever, according to the Australian Bureau of Statistics (ABS), but an advocate for accurate credit reporting warns every time your clients move, they run the risk of damaging their credit rating by not tying up loose ends on their accounts. CEO of MyCRA Credit Rating Repairs, Graham Doessel, says […]
If you’re in the market to buy this summer, chances are you will see many properties going to auction – but don’t let that scare you off. The prospect of purchasing at auction needn’t be daunting, so long as you’ve done your research and you are well prepared. Start by attending property inspections and auctions […]
In an article by a staff reporter from The Adviser it was reported The Reserve Bank could cut the official cash rate again as early as next month, one leading economist has claimed. AMP’s chief economist Shane Oliver said the Reserve Bank will have to cut the cash rate to at least 2.5 per cent […]
In an article from Australian Broker Online, it states that a property investment expert is urging the government not to cut negative gearing, after welfare group ACOSS asked for it to be cut. ACOSS told journalists it was advising the government to consider the cuts to tackle rising homelessness. Paul Bieg, director of Big Property […]
In an article from The Adviser it was reported that one week after the Reserve Bank announced a 25 basis point cut to the cash rate the majors have so far fallen short of Australia’s smaller lenders. Three of the four major banks dropped their standard variable rates between 18 and 20 basis points, while […]
Investors who are keen to take a long-term approach to their investment strategies will be the big winners in the end, a new report has claimed. According to a recent house price report by Australian Property Monitors, median property prices in June quarter have dropped year-on year for most capital cities, which is boosting gross […]
The number of people taking out home loans with non-bank lenders is creeping up, a trend the government says shows banking competition is increasing, was stated in an article from Sydney Morning Herald recently. Federal Treasurer Wayne Swan has promoted non-bank lenders as a “fifth pillar” of the financial system since the big four […]
