At the end of 2014 statistics showed a significant decrease in the percentage of homeowners experiencing mortgage stress – from 28% to around 15% – largely attributed to low interest rates. However, a further 15% of those surveyed were anticipating mortgage stress at some time in the future. Well it seems the future may be […]
We often observe clients (especially busy parents juggling careers and kids) leaving management of their finances on the back burner. Mixing sleepless nights with long work hours can mean that even though our bills magically get paid each month, the dirty ‘b’ word – ‘budget’ – is rarely spoken or thought of. Let’s change that […]
Sweeping changes to the finance industry will affect YOU… You have probably noticed in recent months that financial institutions have started to increase interest rates independently of the Reserve Bank’s decision to keep the cash rate on hold. Not only are interest rates increasing but financial institutions are now starting to significantly change the lending […]
It is that taxing time of the year again! If you are a property owner and/or property investor there are various tax considerations you need to be familiar with – including capital gains tax (CGT). If you haven’t been subject to CGT before it may seem complex. Let’s explore the basics… What is capital gains […]
Our recent client survey revealed 48% of our respondents told us they have an investment property! That’s music to a finance specialist’s ears – it’s satisfying to hear those people have a financial strategy that could lead to a more comfortable retirement. However, 66% of respondents also said they are worried about having enough money in […]
When faced with the sad loss of a loved one the bereavement process can be an incredibly difficult period. It is certainly not a time when we need additional stress. One of the earliest tasks that often needs to be completed is locating important documents such as insurance policies, wills, funeral plans etc. If your […]
Our recent client survey revealed 48% of our respondents told us they have an investment property! That’s music to a finance specialist’s ears – it’s satisfying to hear those people have a financial strategy that could lead to a more comfortable retirement. However, 66% of respondents also said they are worried about having enough money […]
Okay, so maybe your’re thinking that retirement for you is a long way off? Should you be worried? A recent study found up to 50% of older working Australians are expected to retire with debt and around 20% are expected to retire with a mortgage. So what do you think is one of the primary […]
What is an offset account? An offset account is a savings or transaction account linked to an eligible home or investment loan. It should operate the same as any other savings or transaction account, ie with a bank card for electronic transactions/transfers and the ability to withdraw money at ATMs etc. Offset accounts are usually […]
• Be realistic about what you can afford to borrow and repay. • Understand that borrowing calculators only give you approximations. Obtain all the facts. • Planning to renovate or have kids? Check your plans aren’t going to stretch your budget too far. • Cover your income and mortgage with insurance in case of illness, […]