Posts by Fabio De Castro

When should I refinance my loan?

Refinancing your loan is when you move your home loan from one lender to another. Many things may prompt this: Being unhappy with your current lender either due to the service they are providing or the rate they are offering. To help facilitate an investment property by accessing equity. To fund a big ticket item…

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Offset Vs Redraw

An offset account is a transaction account that is linked to your home loan that has normal transaction account functionality. The benefit is that the money in your account is offset daily against your loan balance, and this will reduce the interest charged accordingly. A redraw facility is a feature that enables you to withdraw…

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Interest rate hikes? … Hit them with your best shot!

With interest rate rises the talk of the town, it’s time to consider your best defence. And what exactly is your greatest weapon against rising costs? The household budget of course! Knowing how much you earn and how much you spend is critical to staying on top financially. So, dust that spreadsheet off, and take…

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Should I invest in a commercial property?

While most investors think residential when they consider property investment, there is a case for investing in the commercial property sector: offices, warehouses, factories, and retail spaces. Often, the yields on commercial properties are higher. The average return on residential properties tends to sit currently at between 3-5%. For commercial properties it can be around…

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Family disputes over ‘loans’ are becoming more common.

Last year I wrote about the fact that the ‘Bank of Mum and Dad’ has steadily risen to become Australia’s fifth biggest lender, with almost 30% of parents helping their children get into the property market. So in many respects it was sad to see an article last week in Domain which reports that family…

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Teaching kids about cash, in a cashless world.

I’ve written before about what I think is a massive problem for young Australians – their lack of knowledge about money and finance. And it’s something that personally, I’m passionate about. And part of the reason that young people are ill-equipped, is that we’re ALL increasingly ‘disconnected’ from the cash we spend – we swipe…

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