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2022 forecast: places where housing prices aren’t slowing down
National housing values grew 22.1% in 2021, and there are two capital cities and one region in particular that are not ready to slow down just yet. Can you guess where?
Three (financial) New Year’s resolution ideas
Cut calories, increase your steps, abstain from alcohol: each year we set ourselves some pretty lofty New Year’s resolutions, most of which are doomed to fail. So why not add a nice straightforward financial goal to the list this year? Here are three to get you started.
Season’s greetings! Here’s to a prosperous 2022!
To all our terrific clients: thank you for your ongoing support and for being such wonderful, loyal clients.
Up to 4,600 first home buyer guarantees back up for grabs
Want to buy your first home with a deposit of just 5% and pay no lenders’ mortgage insurance? You could be in luck – the federal government will soon reissue up to 4,651 unused Home Guarantee Scheme spots.
How many SMEs find it difficult to repay business loans?
Ever thought about taking out a loan for your business but hesitated because you were worried about meeting your repayments? Don’t worry, it’s a common concern. But some promising data has just come out that might help you put those fears aside.
Don’t drown in Buy Now Pay Later debt this Christmas
Christmas is fast approaching and there’s a good chance you’ve started turning your attention to gifts for family and friends. But be careful this silly season: more than half of Buy Now Pay Later (BNPL) customers are struggling to pay day-to-day living expenses.
FOMO factor: more Aussies looking to buy with mates or siblings
Ever thought about buying a property with a friend or family member? You’re not the only one. The rising cost of property and FOMO has led to more than a quarter of Australians considering buying a property with a ‘non-traditional’ partner.
Are your cashflow needs in order ahead of the summer trading season?
The summer trading season poses a raft of tricky cashflow and stocking challenges for retailers at the best of times, let alone following a global pandemic slowdown. But if done well it can set your business up nicely for the good times ahead.
How well has your salary kept up with house prices?
You’ve probably noticed that house prices in Australia consistently outstrip growth in wages. But by how much? And what can you do to make sure you’re not forever chasing the great Australian dream?
Glossary: What is cross collateralisation?
Cross collateralisation is a complex term for a borrower offering two properties as security for a new loan.
It keeps the loan to value ratio (LVR) as low as possible, which increases the likelihood of securing the loan, and helps to avoid other costs like lenders mortgage insurance (LMI).
What’s the best day to auction your house?
Drive or walk around your local suburb mid-morning on a Saturday and chances are you’ll pass a few freshly banged up ‘Auction’ signs. But is Saturday actually the best day to auction your home? New data suggests perhaps not.
Is it time to fix?
The world’s economy is coming back into a slightly inflationary cycle, and is slowly starting to show green shoots. The message is – if you have a home loan then now’s the time to consider fixing it if that suits your situation; or if you are looking to purchase then consider a fixed rate.