Around 69% of all home loans in Australia have a redraw facility, while 40% have an offset account. Some have both. So who’s acting in their own best interests? Before we answer that question and offend you, let’s put them under the microscope. Both allow you to...
Let’s face it, the current property market is not making it any easier for first home buyers - and any help is most welcome. So if you’re currently thinking about buying your first home you need to know about the First Home Owner Grant (FHOG)....
The government has unveiled the HomeBuilder scheme, which will see eligible owner-occupiers who are either building or undertaking a substantial renovation given $25,000 for doing so. But who will actually benefit from the stimulus? In an information package revealed overnight, the Treasury said the HomeBuilder is...
When you are applying for a loan, the first thing lenders will do is check your credit score – and this will have a strong impact on their ultimate decision. So what is your credit score and how do you maintain a good score that...
By replacing your home loan with a new one, you could take advantage of a better deal. Even if you secured a competitive package when you first took out your home loan, it’s worth reviewing each year to make sure the interest rates, fees, features and terms...
It’s the ultimate dilemma for any home owner planning to move on to a new property – do I sell or buy first? You don’t want to sell unless you have somewhere else to live, but you don’t want to buy unless you have the...
Aussies are being urged to take note of the big money changes that are expected to occur this year, to help themselves prepare financially for the months ahead and save big where possible. Comparison site Finder has done some digging and compiled a list of key...
Pay more, more often. Want to pay off your mortgage early? Then make bigger mortgage repayments, more frequently. You’ll own your own home sooner and save a bundle on interest.E.g. paying an extra $10 per week on a $350,000 home loan (@7% average) saves nearly two...
It’s a simple equation. Paying down your mortgage sooner can save you thousands of dollars in interest in the long run. Here are some ways to make the most of every dollar while paying off your loan quicker. Increase your repayments Let’s take a look at...
One of the most important factors in your home ownership journey is the amount of money you can – or should borrow. You want to borrow enough that you can purchase the right property for your needs, yet you don’t want to end up out...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.