One of the major changes in the property investment industry over the past two decades has been the rise and rise of publicly available statistics. Pre-2000, there was generally very little data available to property investors to help guide their decision-making. Today, of course, you have expert blogs and magazines, as well as a plethora…
Want to save over $70,000 over the life of your mortgage? Maybe that will be easier than you think according to research from RateCity.com.au which revealed if you give up one coffee a day and put the money into your mortgage you could be $71,891 better off over the lifetime of the loan. Now that’s easier…
Have you ever wondered who attends an event like Wealth Retreat? I know I always did. I have been attending Wealth Retreat for the best part of 5 years now, but I remember asking that question before my very first Wealth Retreat. I questioned my own worth and being an introvert, I also questioned whether…
Investors are constantly on the look-out for great ideas. They may not be new ideas, they could simply be a new take on an old format, but a good idea is what makes business go around. Not money, but good ideas. Unfortunately, some ideas that seemed like good ideas at first turn out to be…
35% of Australians are embarrassed by financial situation. Mortgage Choice and CoreData’s Financial Fitness Whitepaper has revealed that a significant number of Australians are embarrassed by their financial situation. 34% of respondents say they feel embarrassed by their financial habits. Furthermore, it revealed that 42% of Australians feel embarrassed by their personal debt, and one…
Here’s another valuable lesson I learned from Wealth Retreat, I bet you wish you were here? I was lucky enough to listen to Finance Strategist Andrew Mirams discuss the current financial environment and what an interesting few years it has been. I would probably argue that finance has gradually become tighter and tighter over the…
In the current property climate, where opportunities abound, the last thing you want to hold you back from securing an additional asset for your portfolio is any restriction on your borrowing capacity. But that is a reality many investors face given the banks heightened wariness around refinancing and tighter restrictions on how much money they’re…
APRA’s decision to remove the 7 per cent floor on home loan serviceability assessments will help take the brakes off Australia’s home loan credit crunch. Previously, APRA made banks check whether home loan applicants could pay their mortgage at a rate of at least 7 per cent. Most banks applied a minimum rate of 7.25…
Banks charged customers an eye-watering $4.19 billion dollars in bank fees last year, according to the latest figures released from the Reserve Bank of Australia. RateCity.com.au analysis shows this equates to $441 per household in bank fees a year. While the overall total fees paid by households is down from the previous year, credit card…
Have you noticed that we are on the verge of a new Economic landscape in Australia? It has been an incredible 12 to 18 months throughout the world and even more interesting Down Under. With the Election out the way, it has provided local markets with a level of certainty that had been lacking, but…
