Should people with a mortgage have a greater focus on making extra repayments? The recent history of interest rates (the RBA target cash rate) in Australia makes for interesting reading – until the Melbourne Cup…
If you have an interest only home loan, its likely your home loan will shortly revert to principal and interest (P&I), which will result in much higher monthly repayments, which will be exacerbated by higher…
Low interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed stimulus measures through the economy and central banks reduced interest rates even further. Coming out…
What is a variable interest rate on a home loan? A variable interest rate (sometimes also called an “adjustable” or a “floating” rate) is an interest rate on a loan that fluctuates (up or down)…
If you sell an asset you will typically make a capital gain or loss, which is the difference between your initial purchase cost and the amount you receive when you sell the asset. In most…
The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. The HomeBuilder scheme targets the residential construction market by providing tax-free grants of $25,000…
The global health crisis has impacted economies around the world. In response to this, our Federal and State Governments has announced stimulus measures to assist individuals, families and businesses throughout the crisis. Major banks and…
Are you tired of renting and ready to buy your first home? Before you jump in and sign a contract on a new or existing home, review our 7-step guide to buying your first home.…
You have probably heard people talk about good debt and bad debt. However, it’s easy to forget the difference when cash is tight, or your consumer desires get the better of you! So, here is…
Most banks offer up to 30 years to pay off a home loan, but that doesn’t mean you can’t pay off your loan sooner. We spoke with PPT Capital Lending Consultant Ben McDonald who offered…
