Mortgage Strategy

The Royal Commission Recommendation That Will Hurt Consumers – And What You Can Do About It

The Royal Commission has handed down its recommendations last week and we agree with all recommendations, except one.

We wholeheartedly support increasing the barriers of entry to the mortgage broking profession. We particularly agree with the ‘Best Interests’ duty – requiring mortgage brokers to act within the best interests of their clients (and we’re surprised it’s taken so long!).

What we disagree with, is the recommendation for consumers to pay a fee-for-service to obtain a mortgage. Importantly, this proposed fee will mean that consumers will pay thousands for obtaining a mortgage, regardless of whether they engage a broker or go direct to the bank.

David Johnston, Founder and Managing Director of Property Planning Australia, shares his insights on the unintended consequences a fee-for-service will have on consumers.

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Banks Boost Debit Card Offerings

Banks are upping the ante with their debit card offerings as savvy customers are choosing to use their debit cards over their credit cards as part of creating great habits with their Money Management System.
Having a strong money management system in place is critical to meeting your financial and lifestyle goals and a debit card might just be the difference between success and failure!

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Home Loan Headaches: How To Avoid Stretching Your Budget Too Far When Buying A Home

Home Loan Headaches: How To Avoid Stretching Your Budget Too Far When Buying A Home

Many prospective purchasers are concerned about stretching the budget too thin when buying a home. And if you’re stretched now, what if rates rise? What if you add a child to the mix?

David Johnston, Founder and Managing Director of Property Planning Australia provides some insight regarding managing cash flow and your price point for Daniel Butkovich, the Advice editor for Domain.

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Finalists Again!

Finalists Again!

Congratulations to our wonderful team at Property Planning Australia! The team has been selected as finalists in the annual Mortgage & Finance...

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