Welcome to Mortgage Strategy 101, where we will uncover why strategy is more important than your interest rate! In this video, David breaks down the Top 5 Mortgage Strategies and why they are a critical foundation for your financial and property success.
Review your few months statements and look at the junk food you purchase at the supermarket and other impulse or one-off purchases. Add up the cost and multiply it over the year or multiple years!
How can you save $5 every day? Environment Victoria states that the vast majority of items we purchase end up as landfill within six weeks. Keep that in mind when you’re shopping and take a pause prior to making an impulse buy.
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 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!
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 [...]
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.
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 [...]
Parents can be a great resource for advice, sometimes whether you ask for it or not. But should first time buyers be listening to parents when it comes to property planning and mortgage strategy? We have contributed some thoughts to this piece by Daniel Butkovich, Advice Editor for Domain.
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 [...]