Is Your Home Loan Rate Still Competitive?
Photo Credit vittaya pinpan Home loan rates are everywhere at the moment. Some lenders are advertising variable rates below 6%. Others are offering cashback to attract new customers. Fixed rates are back in the conversation, and every change in the cash rate brings another round of headlines about how much borrowers could save by refinancing. If your home loan rate starts with a six, it’s reasonable to wonder whether you’re paying too much. But there’s a more useful question
What Fixed Home Loan Rates Can Tell You About Where Interest Rates Might Be Heading
If you've ever seen a bank cut its fixed home loan rates while the Reserve Bank of Australia (RBA) hasn't moved the cash rate, LIke ING Bank did this week, you might reasonably wonder what's going on.
Offset Accounts: Making Your Money Work While It Waits
Photo by Andre Taissin on Unsplash Most of us have money that spends at least some of its life waiting. Your salary arrives before the mortgage payment is due. Money accumulates for rates, insurance or a holiday. There might be an emergency fund sitting there that you hope you won't need. Or perhaps you are simply building up savings over time. An offset account can give that money something useful to do while it waits. What is an offset account? An offset account is a transa
SMSF Property Isn't Dead – But the Rules Are Changing
The federal government has agreed to ban new limited recourse borrowing arrangements (LRBAs) for residential property inside self-managed super funds (SMSFs), as part of the deal to pass its recent broader tax package.
What Are Fixed Rate Cuts Really Telling Us?
Last week both ANZ and Macquarie Bank reduced a number of their fixed home loan rates. Macquarie made the more significant move, cutting rates across its fixed-rate offerings by between 0.25% and 0.50%, with its three-year fixed rate falling to 6.09%. ANZ also trimmed selected fixed rates, reducing its two-year rate to 6.29% and its three-year rate to 6.49%.
It's Not Just About The Budget. It's About The Next Twenty Years.
If, for whatever reason, the proposed changed to Negative Gearing and Capial Gains tax dont sit well with you, but you still like the idea of growing your wealth, maybe you should look at the spaces unaffected by the budget. If you’ve been considering a Self-Managed Super Fund (SMSF), now might be the time to take that conversation further.