Blog

Paying off your mortgage quickly

Tim Gurner – a real estate millionaire recently caused a media frenzy by suggesting that if young people didn’t go out to cafes and spend money on smashed avocado on toast, then they’d be better able to save for a home. This month, a young couple from Western Australia are making headlines for saying much…

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Preparing for tax time

More Australians have become landlords in the past few years than ever before. This is because it’s one of the innovative ways people are using to get a foothold into the property market. Secondly, it’s because people have seen real opportunity to make money in the property market which has been booming for more than…

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How to use equity in your home to build wealth

Did you know that you can use the equity in your home to build wealth? The equity in your home can be a powerful ally when it comes to building a real estate portfolio. Over the long term this can help you build personal wealth. This is a strategy that has been used by many…

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2017 Federal Budget Highlights

I thought I would just summarise some areas of relevance to our industry in the 2017 Federal Budget that has just been announced by the Treasurer, Scott Morrison: Breaks for first home buyers From 1 July 2017, individuals can make voluntary contributions of up to $15,000 per year and $30,000 in total, to their superannuation…

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When is the right time to switch?

When there’s talk of interest rate rises, home owners tend to get twitchy. They think … ‘Oh, I wonder if it’s time to switch… If I can get a better deal or lock in an interest rate before they go higher’. And those are all good questions that you should be asking. Switching home loans…

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What are ‘interest only’ loans?

Research released by the Australian Prudential Regulation Authority (APRA) at the end of last year showed that Interest Only loans are becoming increasingly popular, now making up almost 40% of all residential home loans. What is interest only? Mortgage repayments are generally made up two components – the principal (the sum you’ve borrowed) plus interest…

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You need a broker, now more than ever

Media reports supported the rhetoric this week, that banks are tightening their lending criteria, with the CBA announcing it will suspend its new lending to housing investor customers who were looking to refinance and coming from a different bank. It’s possible the other banks will make similar statements in the coming weeks. This is nothing to be…

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Housing affordability: Some solutions at last?

It was welcome news to hear the new Premier of NSW Gladys Berejiklian announce housing affordability as one of her top priorities. And the optimist in me is hopeful that on the back of the Federal Government’s decision to send Treasurer Scott to the UK to research a government-backed bond scheme that would give affordable housing…

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