David Johnston wrote this article for Property Weekly which is a real estate magazine reaching in excess of 220,000 readers every week and is delivered free to more than 70,000 homes each week. The offset account is the bank’s greatest invention! Most people understand that an offset account will reduce the interest payable on your […]
In the last two months the Reserve Bank of Australia has announced not one, but TWO rate reductions! Both times, the RBA cut rates by 25 basis points, amounting to a total reduction of 0.50% But do you think the lenders have passed on the full rate reduction? Of course not… So, we thought we would let you all know […]
In our sixth episode, “What determines your Property Strategy”, our Property Planner, Buyer and Professor will be discussing:
Financial worry is one of the biggest causes of stress in our lives, but it doesn’t have to be. We can make a conscious decision to maintain control and order over our money, or we can feel like our Money Management is in a perpetual state of chaos. The enlightened realise this is a choice that must be backed up by sustained effort until habits are built. We don’t need to live in chaos. The many moving pieces of our financial world can be tamed and orderly. We can manage our money like a farmer skillfully herds sheep into a pen rather than having to deal with a bunch of stray cats that are always slipping away from us!
In our video series Mortgage Strategy 101 Ep. #6 David shares with you how you can get the best use out of your offset accounts – what we call ‘the banks greatest invention!’This is because the offset account is the grease that spins the wheels of many of the other Mortgage Strategies.