• March 30, 2020

Category: Articles

This is how much you can save by switching loans to a smaller lender

This is how much you can save by switching loans to a smaller lender

Mike Bruce| The New Daily| 15 October https://thenewdaily.com.au/money/your-budget/2019/10/15/how-much-you-can-save-switching-loans/ Switching a mortgage from one of the big four banks to the lowest rate on the market will save almost $85,000 over the life of a $400,000…

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0.75% is a record low, but don’t think for a second the Reserve Bank has finished cutting the cash rate

0.75% is a record low, but don’t think for a second the Reserve Bank has finished cutting the cash rate

Peter Martin| The Conversation| 1 October 2019 https://theconversation.com/0-75-is-a-record-low-but-dont-think-for-a-second-the-reserve-bank-has-finished-cutting-the-cash-rate-124499 Anyone who thought that with the Reserve Bank’s cash rate now close to zero, its run of interest rate cuts was over, needs only to read the…

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Four questions about mortgages the ACCC inquiry should put to the big four banks

Four questions about mortgages the ACCC inquiry should put to the big four banks

Mark Humphrey-Jenner| The Conversation| 14 October 2019 https://theconversation.com/four-questions-about-mortgages-the-accc-inquiry-should-put-to-the-big-four-banks-125224 The Australian Competition and Consumer Commission conducted an inquiry into mortgage pricing as recently as last year. Now Treasurer Josh Frydenberg has asked it to do another,…

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Big banks face new ACCC pricing probe

Phillip Coorey| Australian Financial Review| 14 October 2019 https://www.afr.com/politics/federal/big-banks-face-new-accc-pricing-probe-20191013-p5307r Treasurer Josh Frydenberg has charged the consumer watchdog with investigating the refusal of the banks to pass on in full the recent spate of interest rate…

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Thousands of First Home Buyers to Miss Out

Thousands of First Home Buyers to Miss Out

Tens of thousands of aspiring homeowners are likely to miss out on a new government scheme that would allow them to purchase a home with a 5 per cent deposit. The new First Home Loan…

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The Time Log

The Time Log

Anil Puri │ Director, Chan & Naylor Business Coaching [Link to the Time Log template] If you are like a lot of our clients, then lack of time can be a real issue for you.…

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This Time it’s Different

This Time it’s Different

The recent property downturn was unique – and this period of growth is unique too. For the first time, the recent downturn was driven by changes to credit policy (not interest rates or unemployment). Similarly,…

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Credit curbs in sight as housing rebound accelerates

Credit curbs in sight as housing rebound accelerates

Charbel Kadib| Mortgage Business| 3 September 2019 https://www.mortgagebusiness.com.au/breaking-news/13765-credit-curbs-in-sight-as-housing-rebound-accelerates Regulators could consider a fresh round of macro-prudential measures to keep debt levels at bay, according to one analyst, amid the growing possibility of a “V-shaped” recovery…

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Net arrivals close to 300,000 per annum

Net arrivals close to 300,000 per annum

Pete Wargent BlogSpot| 11 September 2019 https://petewargent.blogspot.com/2019/09/net-arrivals-close-to-300k-per-annum.html For the first time in a while there was a decrease in the rolling annual number of permanent and long-term arrivals into Australia, at 844,680 (up from 818,480…

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The sleeper issue that could be a nightmare for banks

The sleeper issue that could be a nightmare for banks

Elizabeth Knight| Sydney Morning Herald| 5 September 2019 https://www.smh.com.au/business/banking-and-finance/the-sleeper-issue-that-could-be-a-nightmare-for-banks-20190904-p52nxm.html?fbclid=IwAR1-l_n0GX76pGccwj4CkS-ahEmlWJVW8UmPsIccXUXHk0FrqSPMRa6V2DQ The application of the proposed ‘best interest duty’ for mortgage brokers could be the sleeper issue that raises the bar on bank competition, and eats away…

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