To buy or rent, that is the question
Posted by Chris Collard
on 25 July 2017
)
If you're a first home buyer, here's how to tell if your numbers stack up.
There's no doubt, this is one of the most frequently asked questions at FinancePath HQ.
So, if you're trying to decide whether to keep renting and wait for house prices to cool or buy now. Read on.
With the metro Melbourne median house price reaching $822,000 (*reiv), many people are finding it impossible to save the traditional 20 per cent deposit required to purchase their first home.
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Posted in:PropertyTo buy or rentFirst Home Buyers |
How demand for convenience can affect your money management habits
Posted by Chris Collard
on 25 July 2017
)
Why you should beware of these five ways banks promise to 'make your life easy'.
We have a question. Is today's obsession with convenience and having everything at our fingertips actually our biggest financial weakness?
There's no doubt Australians today are spending more time than ever on mobile devices, shopping online and using electronic transfers to manage the family budget. But, I fear this drive to make everything convenient, easy and quick is causing us...
There's no doubt Australians today are spending more time than ever on mobile devices, shopping online and using electronic transfers to manage the family budget. But, I fear this drive to make everything convenient, easy and quick is causing us...
Posted in:BanksSmart Money ManagementBuilding Wealth |
Is it time to fix your interest rate?
Posted by Mark Attard
on 4 July 2017
)
It is one of the most common questions we get asked. Should I fix the interest rate on my loan?
Below are the things you need to consider and talk through with us before making the right decision for you.
Principle and Interest Home loans
Most lenders offer better rates for Principle and Interest (P&I) repayments. They also offer better rates where your total loan limit is 80% or below the value of your home.
Given the increase in property prices in Melbourne and Sydney...
Posted in:Financial planningInvestmentDebtreal estateHome loansInterest ratesUpgrading your HomeSmart Money ManagementReducing Debt |
Things to remember when moving house
Posted by Chris Collard
on 13 June 2017
)
Moving house does not have to be stressful if you follow these tips before and during the big day.
Moving house can be hectic, but with this checklist you can keep track of your finances and furniture without too much stress!
One month to go
A month before you move is the perfect time for cleaning out anything you don't need to take with you sell or donate unwanted items and arrange for a council bin collection for anything left over. It's also worth pre-booking your remo...
A month before you move is the perfect time for cleaning out anything you don't need to take with you sell or donate unwanted items and arrange for a council bin collection for anything left over. It's also worth pre-booking your remo...
Posted in:Propertyreal estateHome loansMoving house |
How the governments new bank tax will affect you
Posted by Mark Attard
on 8 June 2017
)
The banks are on the attack. Letting shareholders know that the new proposed bank tax, aimed at raising just over $6 billion over 4 years from the 4 majors and Macquarie, is unfair and will need to be passed onto someone.
That someone is you. If you are a borrower that has a mortgage, a client with a savings account or a shareholder with some equity in one of the banks you will be impacted.
Upfront I disclose that I am all three. I even have a business that uses one of the majors as a...
Posted in:Financial planningDebtTax |