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

By |2019-02-13T15:32:52+10:00February 13th, 2019|

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.

Banks Boost Debit Card Offerings

By |2018-10-24T12:31:11+10:00September 7th, 2018|

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!

New Ownership Models Give Investors A Toenail On The Property Ladder

By |2018-07-23T17:10:12+10:00July 23rd, 2018|

Fractional Property Investment provides a platform to property investors to get into the market where they are not able to purchase a property outright. Founder and Managing Director of Property Planning Australia, David Johnston, discusses the critical factors to consider before you jump on the fractional property investment train for Christine Long’s in depth article on [...]

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

By |2018-07-03T17:32:06+10:00July 2nd, 2018|

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.

Finalists Again!

By |2018-04-19T17:45:46+10:00April 19th, 2018|

Congratulations to our wonderful team at Property Planning Australia! The team has been selected as finalists in the annual Mortgage & Finance Association of Australia (MFAA) Excellence Awards in the following three categories for the third year in a row - ‘Customer Service Award’ ‘Diversified Business Award’ ‘Finance Broker Business Award’ Our team put great [...]

Is SMSF Lending Living on Borrowed Time?

By |2018-03-19T11:15:17+10:00January 25th, 2018|

The Australian bureau of statistics (ABS) has decided to include SMSF debt, alongside all other personal and investment debt, when calculating the national ‘debt to income ratio’. This inclusion of SMSF debt pushes Australia to 200% - a milestone number and one of the highest ratio's in the world! In simple terms, this means that [...]