Are you suffering from rate envy?

Have you seen a few banks lowering their interest rates further than your current bank? Tuesday was a historic day as the Reserve Bank of Australia (RBA) lowered interest rates by 0.25% for the first time in almost 3 years. Several major lenders have announced that they will pass on this rate cut in full, while others will pass on …

The Election is Over!

What does this mean for your business? There is good news for small and medium business owners with the instant asset write-off being boosted to $30,000. The eligibility has also been expanded to include medium-sized businesses with a turnover of less than $50 million which will mean 3.4 million business will now be eligible for the instant-asset write-off. Are you …

Mythbusting: The Royal Commission & Brokers

By now you would all have seen and heard about the concerning news on TV, radio and social media regarding recommendations from the Royal Commission (RC). What started out as an investigation into banking misconduct has ended in a ploy to have a go at mortgage brokers and the everyday Australian client looking to fund their home. Rael, Managing Director …

Credit Reports & Credit Scores

There has been an important change to how credit is reported across numerous financial institutions in Australia –  it’s called Comprehensive Credit Reporting (CCR). As this change may affect how you acquire lending in the future we wanted to touch on a few key points and let you know where you can find out more. Your credit report is what …

What is a TLA?

A TLA is a Three Letter Acronym. The banking industry is fraught with TLA’s and other code words that I assume at one stage were designed to confuse the public consumers and enhance the bank and financier status, as they understood them. In this newsletter and those that follow, we are going to try and explain a few of the …