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Making the most of the falling interest rates….

The Reserve Bank’s decision to cut official interest rates is good news for anyone with a mortgage or hoping to buy their first home, but presents a challenge for savers. Whatever your personal situation, the question now is how to make the most of falling rates.   In case you missed it, on June 4 [...]

By | July 4, 2019|

How much Super is enough?

Most of us dream of the day we can stop working and start ticking off our bucket list. Whether you dream of cruising Alaska, watching the sun rise over Uluru, improving your golf handicap or spending time with the grandkids, superannuation is likely to be a major source of your retirement income. The question is, [...]

By | May 27, 2019|

Federal Budget 2019-20 Analysis

As expected, Treasurer Josh Frydenberg signalled sweeping tax cuts and major infrastructure spending if the Coalition wins the upcoming federal election, widely expected to be held in May. This largesse is made possible as the Budget heads towards surplus for the first time in 12 years. The following is a summary of the major measures [...]

By | April 8, 2019|

Benefits of a Super long engagement

Superannuation is a long-term financial relationship. It begins with our first job, grows during our working life and hopefully supports us through our old age. We have outlined below a few steps to help you maximise your superannuation. The first step is to check how much money you have in super and whether you have [...]

By | December 5, 2018|

Affordability a Worry

Despite falling prices, housing affordability remains an issue, especially for first home buyers in Sydney and Melbourne where home values have soared in recent years. The median home value in Sydney is $855,287, almost twice as much as Hobart ($437,254) and more than twice the regional average ($368,366). But prices are only part of the [...]

By | November 8, 2018|

Mortgage Rates on the Rise

More recently, three of the big four banks and many smaller lenders have lifted mortgage interest rates due to the increased cost of funding. Lenders source much of their funding from overseas markets where interest rates are rising, unlike here where the cash rate remains at an historically low 1.5 per cent. This raises the [...]

By | October 8, 2018|

Helping You Find Your Financial Path

When it comes to personal finances and ways to build your wealth it seems that everyone has an opinion – and a preferred pathway for wealth accrual. From your mate down the pub who likes to share his stock market tips to your friend at work who has a constant stream of ‘get rich quick’ [...]

By | June 21, 2018|

Review your Mortgage

If you have a mortgage this is likely to be your biggest monthly expense so it’s a good idea to check your progress at least once a year. Why not use some of the savings you’ve identified and increase your repayments to save interest? If your mortgage has a redraw facility you could use this [...]

By | June 18, 2018|

Take a budget snapshot

You can’t set realistic financial goals and savings targets without knowing how much money you have at your disposal. If you don’t already track your income and spending, then take an annual snapshot as you go through your records to prepare your annual tax return. Deduct your total spending from total income and what’s left [...]

By | June 14, 2018|

Surge in spending ahead of election battle

The Federal Government has turned the spending tap back on, signalling the end of the revenue drought since the GFC and the end of the mining investment boom. Australia is in a much stronger economic position than it was a year ago, but question marks remain over the sustainability of new spending promises and whether business [...]

By | May 14, 2018|