There are at least 3 documents you should consider as part of your personal estate planning:
1. A will
2. A power of attorney
3. Appointing an enduring guardian
If you pass away without a valid Will in place, your estate will be divided up without regard to your wishes at all.
A badly drafted Will could mean that your intended beneficiaries could be receiving far less from their inheritance than you might hope and paying more tax than is necessary each year after you die.Read More
APPRA’s rules which were toughened in March 2017 are aimed at improving banks’ balance sheets in order to allow them to withstand future financial shocks similar to the Global Financial Crisis 10 years ago.
The tighter rules include limiting new interest only loans to only 30 per cent of the market, at Loan to Value Ratios (LVRs) above 80%. At the same time, borrowers are being assessed on higher interest rates and higher deemed expenses. This will ensure borrowers have a much bigger buffer to service their loans should rates go up. Dramatically!Read More
Looking to enter the property market and worried about how you’re going to secure your first home loan? It’s time to start making your money work for you so you can land that loan.
Qualifying for a home loan isn’t always an easy path. Aggressive interest rates, competition in the market and less than rigorous saving habits can often push people out of the property game completely – but it shouldn’t.Read More
Are you thinking about buying an investment property? Of have you got an existing investment property?
Are you thinking of making some money from short-term holiday rentals like Airbnb or Stayz rather than renting it out to more traditional long-term tenants?
Here are some of the pros and cons to keep in mind before starting out.Read More
There are certain things to look out for when selecting and applying for a loan for your investment property. Here we look at the main differences, the most popular loan types, and how to get the best mortgage for your situation.
Interest-only, fixed, variable, offset – finding the investment home loan that’s right for you can seem like a minefield of financial jargon and conditions.Read More