Stuart Wemyss This week, three out of the four major banks increased 5 year fixed rates by a significant amount (around 0.80% p.a.) without any warning. The banks used to give mortgage brokers and branch staff a few weeks’ notice before they increased fixed rates. This allowed us time to let clients know and give them the …
The changes to super announced by the Turnbull Government in the federal budget in May 2016 became law this week. There are a few financial planning opportunities that you should be aware of. Super contribution planning can be deferred until May each year Self-employed people currently have greater flexibility with how and when they make …
At the moment, lenders are offering investment loans on a 5 year fixed rate for only 4% p.a. Perhaps this is a once in a lifetime opportunity. Maybe interest rates will never be this low ever again. Let me caution these comments with two contradictory arguments. Two contradictory arguments that both have merit You should …
The goal for most investors is to accumulate enough wealth so your investment assets generate sufficient passive income to meet living expenses. If this happens, it is no longer necessary for you to work for an income and you then have complete discretion over what you do with your time. Wouldn’t that be wonderful! However, …
There’s a story that Henry Ford was having problems with a generator in one of his plants so he hired General Electric (GE) to fix the problem. The engineer from GE climbed up on the generator and made a chalk mark and told Ford’s people to replace sixteen windings from the field coil. The job …
I was listening to an ad on the radio this week and at the end the advertiser read the following disclaimer: “past performance is not a reliable indicator of future performance”. The government (ASIC) requires businesses to state this disclaimer whenever past investment returns are quoted, so that investors are forewarned that history might not …
Click here to download a printable PDF “The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.” Bertrand Russell Many clients that I meet often struggle to work out where to invest their money. Do they invest in property? Or has property already peaked? What about …
This short blog will provide you with the tools and knowledge to negotiate the best interest rate discount on your mortgage/s. The banks leave themselves open to price competition Much has been written lately about whether the banks will be able to maintain their enormous profits (and dividends) in a low interest rate environment. The …
My sons will turn 10 in January next year and I worked out the Melbourne median price could be circa $1.4 million by the time they are 20 years old. This means that a 10% deposit plus stamp duty will cost them over $200,000! Where will a 20 year old get that sort of money …
The mortgage market is pretty challenging at the moment. So much is changing on a weekly basis – interest rate discounts, credit policy and service platforms and processes. I estimate it probably takes us twice as much work to establish a loan than it did 12 to 18 months ago. Take 2 minutes to read …
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