How do banks calculate living expenses?

2020-08-08T03:43:24+00:00 August 8th, 2020|Uncategorized|

Of all the people we come into contact with, there is no uniform approach to living expenses. It's fascinating to consider how differently we treat our money with some people accounting for every dollar, and some at the complete opposite of the spectrum with very little regard or penchant for budgeting. Why should you care? [...]

Going Guarantor – what’s involved?

2020-06-14T11:51:10+00:00 June 14th, 2020|Uncategorized|

We realise that a lot of our clients (obviously) not first home buyers. So, a lot of the frenzy surrounding the current building grants may not always be relevant. Although, if you haven't seen the latest announcement from the WA government - you should definitely go and check it out to see if it's something [...]

Temporary $150,000 instant asset write-off extended

2020-06-13T13:28:34+00:00 June 13th, 2020|Uncategorized|

To further support Australian businesses through the COVID-19 induced economic slump, the government has extended the $150,000 instant asset write-off for an additional six months to 31 December 2020.  Initially announced on 12 May and intended to last until the end of June, the government’s $17.6bn stimulus package in part temporarily increased the threshold of the instant asset write off up [...]

WA Homebuyers to receive $20,000 Boost

2020-06-13T12:46:50+00:00 June 13th, 2020|Uncategorized|

The West Australian Government has unveiled a $125 million stimulus package for the state's home building sector, providing cash grants to prospective homebuyers. Under the $117 million "Building Bonus" scheme, WA homebuyers — both owner-occupiers and investors — who build a new house will be eligible for a $20,000 grant. Homebuyers who purchase a property [...]

What’s the catch with cash back?

2020-05-19T13:49:33+00:00 May 19th, 2020|Uncategorized|

While some borrowers start to tighten up and look for ways to save money and protect their assets, some lenders are attempting to lure them in , or across, by offering incentives like juicy cash back deals. But borrowers beware, there can often be more catch than cash and it pays to look at the [...]

A Review of the Redraw

2020-05-19T13:12:18+00:00 May 19th, 2020|Uncategorized|

You may have heard the uproar in the last few weeks as a result of ME Bank messing with the redraw facilities of an estimated 20'000 of their clients. By messing with, we mean they effectively switched them off, understandably causing considerable upset and anguish of those affected. To understand the possible implications of a [...]

All your COVID-19 questions answered

2020-04-12T12:37:22+00:00 April 12th, 2020|Uncategorized|

If you’ve lost your job, or had your income effected due to the COVID-19 pandemic, you might be feeling unsure about what to do about your mortgage or your loan application. Should you put your repayments on hold? Are there and other options available to you? Maybe you had a pre-approval in the works, but [...]

How are the big banks helping in the face of COVID-19?

2020-03-23T12:09:55+00:00 March 23rd, 2020|Uncategorized|

ANZ was the only major bank cut its variable home loan rates following the Reserve Bank of Australia’s emergency cash rate cut of 0.25% announced last Thursday. Effective March 27, ANZ will decrease its variable interest home loan rates by 0.15%. However, while the other majors didn’t reduce their variable home loan rates, each has [...]

Top 10 reasons for refinance

2020-03-19T12:26:44+00:00 March 17th, 2020|Uncategorized|

I have been receiving a lot of refinancing enquiries lately so I thought I would update you on this particular topic and where all the banks are sitting after the last 4 rate cuts. You will see from the below summary they are all extremely similar so it's not always a case of rushing over [...]