February 11, 2019

One of the biggest shocks of the Royal commission is Kenneth Hayne suggesting you should be paying for your mortgage broker similar to the model used in the Netherlands – but will that be in the best interest of the consumer and competition ?  We’ve had a look into how that system works and how it might impact competition and, most importantly, how it wil...

November 14, 2018

Have you ever been slack on a credit card payments? After the initial pain of throwing away $15 for the late payment fee - you can end up suffering a lot more pain down the track.

One late payment on its own is not enough to ruin your chance of getting a loan – if you repay it and make your repayments on time from that point on. But a number of late paymen...

October 12, 2018

Renting rooms out as a FHB ?

May 16, 2018

Inspired from one the most admired finance gurus in the world, Warren Buffet, Let’s take a look at the benefits of savings when you are young;

Say you start saving when you’re 25. You manage to save $5,000 each year which you put into your Superannuation fund, which nets you 8% in returns per year on average. At 35, you stop putting in money for good, but...

November 21, 2017

4 tips to help you save money this silly season

Below are some simple tips that you can follow to avoid financial stress this festive season:

1. Set yourself a budget

The first step to any financial plan is to set yourself a budget. How much can you afford to spend over the next 2 months, taking in to account any planned annual leave (or unpaid leave!) and a...

September 27, 2017

If you remember this add from the 90’s, you might have been left wondering what is equity, and how can it improve your relationship.

Home Equity is difference between what you owe on your mortgage and what your property is worth. You can access up to 80% of your properties value without paying Lenders Mortgage Ins...

July 4, 2017

You may have originally set up your Investment or home loan with Interest only repayments and in the past there were two very good reasons to do so;

1. Maximising your tax-deductible debt, while focusing on repaying your non-tax-deductible debt.

2. The flexibility of minimising your contractual repayments.

However differential pricing now applied by the maj...

May 10, 2017

Boosting Michelle and Nick’s first home deposit

Michelle earns $60,000 a year and wants to buy her first home. Using salary sacrifice, she annually directs $10,000 of pre-tax income into her superannuation account, increasing her balance by $8,500 after the contributions tax has been paid by her fund. After three years, she is able to withdraw $27,380 of...

September 21, 2016

Roommates get a bad rap. Often for good reason. I’ve had some seriously insane ones. There was the guy who made everyone leave their socks outside  or the girl who insisted that you 'book' the bathroom. But there are some seriously attractive financial motives to have a housemate.

Take for example you bought an apartment...

July 1, 2016

The Liberal Party

The liberal party will make no changes to negative gearing or the capital gains tax concession.

The Labor Party

Labor has a policy to legislate the scrapping of negative gearing for established properties purchased and reducing the capital gains tax (CGT) concession from 50% to 25% for properties held for more than 1 year. These changes are...

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