Should you become the ‘Bank of Mum and Dad’?
The great wealth transfer from the baby boomer generation has begun and home ownership is the catalyst. The average price of a home in NSW is $1,184,500, the highest in the country. Canberra is next…
Interest Rates, Mortgages and Surplus Income
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…
Top 5 Considerations When Refinancing Your Home Loan
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…
How high can interest rates go?
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…
Which is best: fixed or variable interest rate?
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)…
Capital gains tax and your own private home
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…
$25K HomeBuilder Grant Announced
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…
Client Update: Loan Repayments
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…
7-Step Guide for First Home Buyers
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.…
Good Debt vs Bad Debt: What’s the difference?
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…
