If you took advantage of record low interest rates in 2020 and 2021, it’s time to put a plan in place to manage what could be a significant change in your home loan repayments upon expiry of your fixed rate loan. What happens when your fixed rate loan expires? Your interest rate will revert to a variable interest rate and as a borrower who took advantage of historically low interest rates your interest rate may increase by between 2 - 3%. On a $500,000 loan 30-year loan, a 3% increas...

Are you considering buying an investment property in 2023? The word on the street is that 2023 will be the year savvy property investors re-enter the market, with some experts saying all the right ingredients are in place to create opportunities for strategic investing. Let’s take a look. Why now could be a good time to invest Property prices are coming down in many markets, while rents are on the rise. Rents surged by a record high of 10.2% in 2022, reaching a median of $555 per wee...

New year, new home? If this year is the year you plan to get into the property market, there are a few things you can do to help you reach your home ownership goals. Here are five things to consider when undertaking your property search. Understand your borrowing capacity The amount of money you can borrow will determine what properties you can potentially buy. This should be one of the first things you work out so you can narrow, or widen, your property search. There are several factors ...

The new year is when many of us hit the reset button. It’s a chance to reflect on the past 12 months, reassess priorities and set new goals. If you’re looking to create positive financial habits in 2023, here’s some tips to help secure control of your money. Create a budget you can stick to Extreme changes to your spending habits may appear to deliver immediate results, but they can be difficult to maintain over the medium and long term. Focusing on a range of budgeting ...

FinancePath has been named as a finalist in the Best Community Engagement Program category at The Adviser Better Business Awards 2023 – our third industry award nomination in 12 months! “Given the lingering effects of the pandemic, a series of natural disasters and the increased cost of living, it was important to FinancePath to give back to the community and support charitable organisations providing aid to those experiencing hardship in 2022 – in particular organisations ...