You don’t need to win the lottery to pay off your home loan. There are a number of great strategies for reducing your loan balance and saving thousands in interest repayments. It’s never too late to begin, so pick and…

APRA chairman Wayne Byres recently elaborated on the consequences for banks that exceed the 10 per cent annual growth benchmark for investor lending. At the A50 Australian Economic Forum in Sydney last week, Mr Byres said that APRA has been…

A non-major bank has confirmed that its serviceability calculators have been updated to remove negative gearing tax benefits for customers who operate their investment property at a loss. A Bankwest spokesperson confirmed yesterday that in line with regulatory guidance its…

Home Loan approvals data for October released by the Australian Bureau of Statistics (ABS) showed a 6.1 per cent fall from the previous month in loans approved for investment lending. Cigna Wealth CEO Kent Leicester remarked that the decision by…

Did you know that the median Sydney house price in May 2012 recorded at $620,000 and median unit prices were $465,000. From that time to the end of November Sydney house values had increased by 51.7% and unit values by…

The Housing Industry Association’s housing affordability index has worsened in the city despite record low interest rates. The HIA’s report, which measures the capacity of households to service typical mortgages, found 1.74 average full-time adult wages are now required to affordably service…

First, there were Macquarie Bank predictions of 7.5 per cent price drops, starting next year. It was a national forecast, laughed off as improbable in Sydney or Melbourne by analysts, but the damage was done. The biggest blow came on Wednesday when…

3.99% Variable with 100% offset for owner occupy P & I 80% LVR or less. Loans greater than $50,000. For more information contact us.

What to first consider When refinancing CAN make sense Your lender’s rate isn’t staying competitive with others in the market A major change occurs in your financial situation You are looking for more money to pay for home renovations, a…

1: Cut up Your Credit Cards The first step to getting off the debt cycle is to cut up your credit card. Even if you only pay the minimum monthly payment you are moving in the right direction. 2: Move…