In the Australian society our government and media lead us to focus on things that we actually have no understanding or power over. For example, today on the lead up to the Reserve Bank 0.50% rate reduction ABC News24 had a countdown on every half hour update.
According to an article in The Age, (read article), this will save the average $300,000 borrower with a 25 year loan around $96 per month. That makes a saving of only $24 per week, how is this actually going to make your life better?
Interest rates are just one example, economic instability is another and don’t forget rising costs of living. The underlying issue here is that the average everyday Australian has no control over [...]
Get Smart Guide
by Glenn Rodricks on May 1st, 2012HLR Stratey – makes it possible to pay off your Home loan in under 5 years
by Glenn Rodricks on October 15th, 2010It is possible to reduce the debt on your home loan to close to $0.00 in less than 5 years, by using our unique HLR strategy. The other benefits of this strategy could be additional cash flow and Tax benefits.
Let us examine a scenario in which the clients have the following property and loans;
Their own home is valued at $400,000 and they have an existing debt on their home of $210,000. They also own an investment property valued at 380,000 and they have an existing debt of $300,000 against that property. If they continued to pay their home loan at the current minimum monthly payment plan they will pay their home loan balance down to NIL in 28 years. The [...]
BreakFree 2010
by Glenn Rodricks on January 16th, 2010
Victorian Finance Group launches BreakFree 2010
BreakFree 2010 is a 3 step process directed at teaching you the secrets & making you an expert at managing YOUR Money, YOUR Mortgage & YOUR Financial thinking. While protecting your most valuable asset, you and your family.
Step 1 – Money Makeover, plug the gaps
Our Financial Advisor will help develop your plan for 2010.We work with you to identify a protecion strategy for the ones you love the most. Review your super and your Tax plan
Step 2 – Mortgage Makeover, loose some fat
Review your cash flow, personal debt, credit cards, car loans and the mortgage. Put in place a Mortgage Makeover plan and teach you how to invest and grow your wealth
Step 3 – Moneymind [...]
Australia’s Cheapest Suburbs
by Glenn Rodricks on November 12th, 2009According to a list compiled by APM, the nation’s most affordable suburbs are Coonamble in NSW, which has an average home value of $77,500, Coober Pedy and Fisherman Bay in South Australia, which average $81,500 and $92,000 respectively, St Arnaud, Morwell and Red Cliffs in Victoria and Hughenden in Queensland, which has an average property price of $99,000.
Research manager for APM, Yvonne Chan said investors and first home buyers obviously need to stick with affordable properties to enter the market – but the key to long term price growth is purchasing within 5km of the capital city’s CBD where rental demand will always be strong.
“First home buyers can turn their first home into an investment property later on if they [...]
Real Estate Agents Know better…
by Glenn Rodricks on September 23rd, 2009
The Real Estate Institute of Australia (REIA) has hit out at a recent St George property hotspot report stressing that banks should stick to lending and leave property buying advice to estate agents.
“The banks need to be careful what they support because they are regarded as being credible institutions,” REIA president David Airey said.
Mr Airey said that St George, together with its parent Westpac and the Commonwealth Bank of Australia, account for almost 60 per cent of all lending, highlighting the influence these institutions now have in the market.
“Some buyers might rush in and buy a property on the back of a bank’s advice, without taking into account sound real estate advice.”
Mr Airey said it was ironic that the banks, [...]
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