How to avoid paying LMI

Lender’s Mortgage Insurance (LMI) is required when the value of a loan is more than 80 per cent of a property’s purchase price or property valuation if refinancing. In very basic terms, a lender considers a loan to carry a higher risk if the Loan to Value Ratio (LVR) is above 80 per cent and […]

What is a Reverse Mortgage?

If you are age 60 or over and own your own home, a reverse mortgage can allow you to borrow money by using the equity in your home as security. Equity is the value of your home less what you owe on your mortgage. By converting your equity into cash this can help supplement your […]

Chattel Mortgage for Business Equipment

A chattel mortgage is an asset finance facility commonly used by businesses to finance their equipment and work vehicles. A chattel mortgage can provide businesses with flexibility around repayments and potential tax benefits. If you’re in the construction industry here’s some examples of how a chattel mortgage could help you. Be sure to speak with […]

Landlord Insurance for your Investment Property

As a landlord you want to best protect your investment property from the risks that come with renting your property. Some of these risks can include tenant damage, theft or tenants defaulting on their rent. Whilst you can minimise this risk by screening potential tenants, it can be a good idea to have a plan […]

LMI & First Home Loan Deposit scheme

Saving up for a home loan deposit is not always an easy, however with lender’s mortgage insurance (LMI) you may be able to obtain a home loan with as little as a 5% deposit. What is Lender Mortgage Insurance? Lender’s mortgage insurance provides an additional layer of security for lenders. It protects them from financial […]

Stamp Duty discount for Residential Property

Victoria has been welcoming buyers back into the property market. As part of the 2020-21 state budget, the Victorian Government has announced a range of measures to support home buyers. These measures aim to make purchasing a home more affordable and accessible. Included in these measures is a stamp duty discount for residential property. A […]

Negotiating a Commercial Lease Agreement

Commercial leases are often a long-term commitment. The terms and conditions can also be more complex than a residential agreement. As such, it not uncommon for businesses and landlords to negotiate the terms of their commercial lease. Why should I negotiate? Rent can often be a big expense for businesses. Negotiating can help you obtain […]

Faster than expected Economic Growth

The Mid-Year Economic and Fiscal Outlook has delivered some promising news for businesses. The Australian economy is showing signs of a faster than expected recovery. The size of an economy is typically measured by the total production of goods and services in the economy which is called gross domestic product (GDP). In this economic update […]

Benefits from record low Interest Rates

During the year 2020 we saw Home Loan interest rates fall to record lows. With the RBA cash rate expected to stay at 0.1% for at least another 3 years, Home Loan rates are likely to stay low in 2021. Low interest rates can provide ongoing benefits to both home buyers and existing mortgage holders. […]

Grow your Business with Trade finance

International trading can be a great opportunity to grow your business. It can open the door to new customer bases, as well as new products and equipment for your business. However, businesses looking to expand internationally can often face cash flow challenges. Overseas suppliers often require payment for goods and equipment as soon as possible. […]