Millennials to overtake boomers in real estate spending within five years

Millennials are expected to take a bigger share in the real estate market five years from now, with their spending power rising to 66.1%. According to a study conducted by the First National Real Estate, millennials are earning more money than prior generations, boosting their buying budgets above both baby boomers and Gen Xers. First [...]

By |2018-01-29T06:24:18+00:00January 29th, 2018|Home & Investment Lending|0 Comments

Why do banks change interest rates when the cash rate is steady?

Banks, credit unions, building societies and non-bank lenders often take their lead from the Reserve Bank of Australia when making decisions about interest rates. So when the Reserve Bank raises or lowers the official cash rate, they do the same with their home loan interest rates. However, lenders have no legal obligation to mirror the [...]

By |2018-01-25T02:59:32+00:00January 25th, 2018|Interest Rates|0 Comments

Fixed, variable, split – find the right fit for you

In Australia, there are a number of ways to structure your home loan repayments. Finding the best option may save you time and money on your mortgage. Here is some information to help you choose the repayment structure that works best for you. Variable rate loans Variable interest rate loans are all about flexibility. Essentially, [...]

Four ‘money buckets’ every family needs in their budget

With the summer holidays behind us and the new year under way, this is a perfect time to review our finances and plan for the year ahead. Budgeting is a simple and smart strategy to track your outgoings and minimise the impact of costly surprises throughout the year. Put simply, this “bucket” method requires multiple [...]

By |2018-01-17T01:34:10+00:00January 17th, 2018|Home & Living|0 Comments

How your bank calculates a business risk

Just like you, banks are in business – and they don’t succeed by making bad deals. When they consider your loan application, they’re calculating the financial risk of entering into an arrangement with you. Let’s break it down. What the bank considers For the bank, financial risk comes down to whether you can repay your [...]

By |2018-01-17T01:26:27+00:00January 17th, 2018|Commercial Finance|0 Comments

The formula that could help you buy the right investment property

Property is one of Australia’s favourite way to invest. More than 1.7 million Aussies (or 7.9% of the population) own an investment property. As an asset class, an investment in bricks and mortar is not considered to be as safe as cash, but it’s less risky than equities. Regardless, landlords want an acceptable return on their investment. [...]

By |2018-01-15T00:54:23+00:00January 15th, 2018|Home & Investment Lending|0 Comments
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