Reasons to refinance your home loan

In our last blog we talked about making the decision whether or not to refinance, this week I want to delve a little deeper and share with you some of the reasons that you might want to consider before making your decision. As I alluded to last week there are so many great offers around these days there is no real need to stick with the same lender. Of course there will […]

Should I refinance?

Can’t decide whether to refinance or not? Dear James, Interest rates are so low at the moment, some of my friends are telling me they have rates of 3.95% and I’m thinking of refinancing my home loan. However, I don’t know a lot about the costs of refinancing or what’s involved around changing my home loan. How do I know whether refinancing is a good idea or not? Help! Bianca, Bateau Bay Hi Bianca, […]

How can my parents/family help me buy a home?

Given the minimum deposit required to purchase a property, this is a question I seem to be getting more often. Giving a cash gift as a deposit Depending on each lenders requirements you may be required to keep these funds in your bank account for some time (most commonly 3 to 6 months) – This is usually to prove that you can service the loan and hold savings in your […]

How much deposit do I need to buy a home?

  It is important to know how much you will need to save before looking to purchase a new home. By knowing how much you need to save you could potentially negotiate lower interest rates and avoid paying Lenders Mortgage Insurance. Determine your borrowing capacity A good starting point is to find out how much you can afford to borrow; this can be done by using calculators available on bank […]

Federal Budget Announcement 2015-16

The 2015-16 Federal Budget was announced last night and has (as expected) had significant attention in this morning’s media. AMP have released various budget summaries including a comprehensive customer briefing document, an Oliver’s Insights, and a Video summary of the announcement.  We have included a link to each below, however the key points are as follows: The 2015-16 Budget has seen a shift in focus from budget repair towards supporting […]

Australia’s 2014-15 Federal Budget – Heading back to Surplus

In his latest edition of Oliver’s Insights, Dr Shane Oliver reviews the Federal Governments 2014-15 Budget and provides his insight and opinion. His key points include: After a 2013-14 deficit of $49.9bn, the budget deficit for 2014-15 is now projected to be $30bn, down from $34bn in the Mid-Year Economic Fiscal Outlook (MYEFO). For 2015-16 the deficit is projected to be $17bn (from $24bn in MYEFO) and a surplus is […]

Have you maximised your opportunities this financial year?

It is that time of year again when we need to look at opportunities to reduce tax liabilities and consider maximising super contributions before the end of the financial year. As you are probably already aware, there are caps on the amount you can contribute to your superannuation each financial year. If you contribute more than these caps you may have to pay extra tax. The cap amount and how […]

Interest Rates

What do low interest rates mean for you? With interest rates in Australia at historical lows there has never been a better time to review your debts. It is also a good time to think about new loans and ensuring you structure them properly. There is many articles talking about ‘locking’ or ‘fixing’ your loans, and whilst this is may be a good strategy for new loans or loans requiring […]