We talk a lot about Financial strategy, and it is at the core of all the work we do for our clients. But what is it? And why is it so important? The what and why A strategy is a plan of action designed to achieve long-term goals or an overall aim. Once you’ve determined […]
The press is full of reports that many Aussies are heading off a ‘mortgage cliff’ – but what exactly is the mortgage cliff? And should we be worried? During the pandemic, interest rates were at an all-time low, and many Aussies took the opportunity to lock in fixed-term deals on larger amounts of debt than […]
With rising interest rates and increasing living costs, many first homebuyers will be wondering whether now is still the right time for them to get on the ladder, and could be put off making their first purchase. If you are in this position, here are some key tips to help you make the right decisions: Budget! […]
WHAT IS A BUDGET? A budget is a financial plan that divides up your future personal income towards living expenses, savings and debt repayment. When creating a budget it is important to consider both past spending and personal debt. It’s not just about reducing outgoings – the key is knowing what you spend/where you spend […]
Borrowing Capacity is the amount of money someone is eligible to borrow from a lender (based upon your income versus your outgoings). This amount will vary from person to person and also lender to lender depending on your circumstances. We often find that Borrowing capacity, or lack of it, is what takes our clients by surprise in […]
If you sell an investment property, you may be required to pay capital gains tax (CGT) on that sale. What is CGT? CGT is a tax that you’re required to pay on any capital gain earned on the sale of an asset, such as a property. CGT applies to any asset obtained after 19 August […]
If you’re looking for a creative way to overcome being locked out of the property market by rising prices, buying a house with a group of family or friends may be a solution. It can also be a minefield though, so here’s how to avoid a blast. While the excitement of banding together in such […]
The mortgage industry is a wide, wondrous world with a language all of its own. One of the many acronyms bandied about is ‘LVR’, which stands for ‘Loan to Value Ratio’. Here’s what it means. When you are working out what amount you can borrow to purchase a property, the size of deposit you need […]
Fixed rate loans A fixed rate loan is one that maintain the same interest rate over a set period of time regardless of market fluctuations in interest rates. A fixed rate home loan can offer stability for those conscious of a budget and who want to take a medium-to-long term position on a fixed rate. […]
If you’re thinking of building your own home, you’ll need to be familiar with the ins-and-outs of construction loans. Construction loans are not as straightforward as standard home loans. There are additional decisions to be made about the structure of the loan, additional documentation is required, and the funding is released in an entirely different […]