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After what has felt like a slow and steady strangulation of consumers and their ability to borrow money over the last 5 years or so, Josh Frydenberg made the unexpected announcement in September of 2020 that the Morrison Government intended to relax lending laws to make it easier to access credit and get a loan…
Read MoreMost people know that saving is a good thing, and know WHY they should save. The problem is that many people don’t know HOW to save. Here’s 10 steps you should take so you can get on top of your savings, and make your savings faster, easier and less stressful. 1. Understand what you get…
Read MoreSuperannuation is our retirement nest egg we have which grows at an exponentially higher rate than our regular savings. However, it is inaccessible to most of us until such time as we decide to retire. For many of us, that is a good thing, we have this safety net to retire comfortably on. But the…
Read MoreSince the Royal Commission into banking, we’ve had banks doing all sorts of naughty things, getting caught for money laundering, not checking that people could afford their loans, and money laundering some more. Back when the Royal Commission findings were first announced, it seemed odd that mortgage brokers were being targeted in the recommendations that…
Read MoreOne of the worst things about the financial services industry is the occasional perception that it’s a transactional, one-off experience. Where deals are churned and burned, often at the expense of the client who is paying for the service. In reality, it’s very different from that in most places. For most people, they’re not…
Read MoreJust like home buying, purchasing a new car is always an exciting step in life. You’ve done your research and due diligence, you’ve read all the reviews of the car you want to buy, and you’ve begun seeing a lot more of that car on the streets. You haggle with the car salesman, and once…
Read MoreWhen it comes to getting a home loan, there’s a few myths that persist regarding whether you’re better off going direct to the bank or using a mortgage broker. I’ve written elsewhere about why you’re better off going with a broker, but here are some common myths about going direct to a bank. 1. It…
Read MoreLoyalty, one of the best traits to have in a friend, is one of the worst you can have when you’re dealing with any kind of financial institution. Loyalty will mean you pay more than the next person, and don’t get anything extra for it. When you sign up with a new insurer or bank,…
Read MoreIf you’ve ever played Monopoly, you know that having a lot of property goes a long way towards ensuring your wealth. But unlike Monopoly, it’s easy to underestimate just how hard you need to work to build a property portfolio that actually works and isn’t leveraged with debt to the eyeballs. For many would-be investors,…
Read MoreBrokers around Australia breathed a collective sigh of relief recently as ANZ became the first major bank to lower their assessment rate. As they bravely took the plunge where no lender had recently, others began to follow suit. Due to a variety of factors, the last few years had seen banks systematically tightening credit, so…
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