Finance News

Zoning Of Primary & Secondary Schools - What You Need To Know

Posted on Wednesday, August 30, 2017
Homes zoned for some of Melbourne’s top performing public schools are delivering six-figure dividends for property owners, compared to neighbouring homes outside the catchment.
  Read the rest of entry »

CBA - It Is Not The Machines Fault - It's Conduct

Posted on Monday, August 7, 2017
Australian banks have enjoyed a strong performance over the last 12 months.  Banks performance is linked to the Australian property market and record levels of household debt. 
  • Going forward revenue growth will be difficult due to:
    • the property market showing signs of pressure,
    • slowing business credit growth, and
    • the diminishing ability of households to increase leverage
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Meeting The Treasurer

Posted on Sunday, July 30, 2017
I must admit I don't agree with everything Scott Morrison says, in particular the butchering of the Superannuation Guarantee where he has reduced the amount that can be concessionally contributed to super for all working Australian's to only $25,000.  That is ridiculous reform!  However in my role at 3aw I was lucky enough to meet with him and chat to him.  And whilst I did not have long with him I did have the chance to give him an idea. Read the rest of entry »

Westpac Announces New LVR On Interest Only

Posted on Tuesday, May 30, 2017
Westpac has become the next big four bank to changes its interest only lending policies for both new and existing borrowers.

Effective from 5 June, the bank will reduce the maximum LVR on new and existing interest only lending to 80%. This change will apply to owner occupier and residential investment loans, equity access loans and special borrower packages such as Medico, Industry Specialisation Policy, Sports and Entertainment, and Accounting, Law and Executive Sector loans. Read the rest of entry »

2017 Federal Budget 2 Minute Summary

Posted on Wednesday, May 10, 2017
The Budget delivered by Treasurer Scott Morrison has clearly tried to hit the ‘reset button’ from the unpopular and disastrous Budgets of 2014-15 and 2015-16. Gone are the stalled Budget measures from those past Budgets, replaced by concern over the weak wages growth and struggle that everyday families experience.  The big concern for me is how the banks will pass on the 6 basis point levy the Turnbull government has warned the big five banks not to lie to their customers if they pass on a new $6 billion levy, AAP reports. There are suggestions the banks may move quickly to raise mortgage rates by up to 0.15 per cent to compensate for the budget measure. Read the rest of entry »

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