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RECENT MARKET UPDATES AND HOME LOAN TIPS

peterkell

Lender Downgrade: Commonwealth Bank

Concerns regarding Commonwealth Bank home and investment loans have been increasing since the beginning of the financial year. There have been three major issues that directly affect our ability to recommend Commonwealth Bank to our new and returning clients. Issue 1 – Product switches wait times up to six months Investors with interest only loans that wish to extend their interest only term are being met with wait times of up to six months. For many clients, the increased wait time dramatically affects their cash-flow and the profitability of their investment properties. If your interest only term will expire in the next two months, we recommend contacting us to organise an alternative to Commonwealth
1424211069036

Mortgage rates set to rise to 7%

John Edwards, former member of the RBA, has predicted that the RBA will attempt to achieve a cash rate of 3.5% over the next two years. He states that eight increases of .25% in 2018 and 2019 are a distinct possibility. Mr Edwards explained that the RBA: “would think of a sustainable or natural policy rate as at least 3.5 per cent and, most importantly, it will want the policy rate increase to match the forecast improvement in Australia’s economy performance, so it will want to be at 3.5 per cent (at least) by the end of 2019”. We think that while a 2 percent increase over the next two years may be

Caojiawan, the station that opens to the middle of nowhere.

Your typical Australian train station is surrounded by a crowded Park 'n' Ride, skateboarders grinding on rails, and 9-5ers keen to end their commute and get back to their families. It’s a busy place and no one wants to stay there for longer than they have to. The same goes for most cities around the world, however on the outskirts of Chongqing in China, things are a bit different. Caojiawan station has earned the nickname “the loneliest station in the world”. When departing your train, you are met with the typical subway-style architecture found in most stations. However, after climbing the stairs to the exit, all sign of civilisation disappears. The seemingly abandoned station
Budget 2017-18

2017 Federal Budget Highlights

After weeks of speculation on its contents, the 2017 Federal Budget has been released. Our analysis summarises three important changes for first home buyers, investors, and property managers. From 1 July 2017 the following measures will take place: 1. First Home Super Saver Scheme Individuals are able to make additional voluntary pre-tax contributions to their superannuation account. These additional contributions and any income from them are able to be withdrawn and used as a deposit for their first home. The additional contributions will attract the more favourable superannuation tax rate of 15% rather than the individual's marginal tax rate. A similar scheme was implemented pre-2010 where individuals were able to open a special First


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