Andy C. Jindalee, WA 3 Likes 0 Followers if i rent my house out and there is a short fall of 1000 buck a month can i claim it all back at tax time? 6 years ago
simplyaskit Business Advisor North Sydney, NSW 216 Likes 401 Followers Should financial literacy such as savings plans, credit scoring, personal finance, credit cards, interest rates, home loans, interest calculations, buying and selling and the value of money all form an important component of the high school curriculum? 6 years ago
Margot B. Zetland, NSW 2 Likes 0 Followers I have been offered 4.09% fixed for 3 years and the variable rate is 3.69% for a split loan. The 5 year rate would be 4.29%. Would it be better to go for 3 or 5 years? 6 years ago
Sharyn G. Brunswick, VIC 0 Likes 0 Followers My husband is 36 and been in the same role for 6 years earning $97,000. I’m 34 and have had same role for 3 years and income is $82,000. We don’t have kids, credit cards or any loans and have received an inheritance of $190,000. We currently pay $800 a week rent. We would like to ask how much we could borrow and what rate could we get, thanks? 6 years ago
Ezidox Business Advisor Manly, NSW 3 Likes 4 Followers So, I am a 57 year old male, one almost-not-dependant daughter and a financially independent partner. I worked overseas for 15 years from the age of 27-42 and so never started a super fund. In 1992 I left a salaried profession and entered the world of tech startups which I continue in today. As a result, I have no salary income and no employer to contribute to a super fund. I rely on sale of a business from time to time. I have put all spare cash into my primary residence as I see it as the most tax effective vehicle available. I have several investment properties overseas and generate enough income that I haven't had to skip a meal yet. My question is whether putting cash into a primary residence is always a better option than a super fund? I find super fund rules are complex and seem to change all the time...whereas cash into my primary residence is tax free and can be released when I retire and downsize which is the moment when I would want to draw down on any super anyway. Thoughts on a postcard please... 6 years ago
Pat E. Orange, NSW 4 Likes 0 Followers Eldest daughter is 29 and we want to help her buy a home. She has a good job earning 87,000 and pays 300 rent a week in Sydney. Can we give her 50,000 to buy, get a loan - we don’t want to be on the loan? 6 years ago
Jenna H. Neutral Bay, NSW 2 Likes 0 Followers I read an article suggesting the RBA should look at raising interest rates by 0.25% so what do people think, is now a good time to be locking in a fixed rate term? 6 years ago
Tammy B. Engadine, NSW 2 Likes 0 Followers We want to buy a property to live $1.4M and have $600k deposit. Problem is we have two defaults on our record, both paid. We used to run our own business but my husband is back working fulltime as an employee and earns $90,000 a year and I work 3 days a week and earn $50,000. We have been told the only loan we can get is through a 2nd tier lender and the rate would be 4.8%. Is there a chance we could get a lower rate, under 4%? 7 years ago
LL Consultancy L. Ringwood, VIC 2 Likes 0 Followers Hi,just a quick query. Any advice would be greatly appreciated.My partner and I wish to purchase a home for 990kWe have 400k as a deposit and that is in the form of an apartment we have a sale contract on.We have 25k in savings and we have an income of 6k nett a fortnight.The issue is that I myself can not be part of the loan - I previously separated 4 yrs ago and had to take a part 9 debt agreement to continue on in life. Without my income, my partners is 2k a fortnight,however - for the past 12 months, one form of my income (superannuation) has been paid into her account and never touched (2k a fortnight). Will the bank be able to take this into account? What are her chances alone on that income to be approved?I am asking because we would like to place our offer and don't want to be stuck in the dark.Regards,PartnerA1 7 years ago
Sam P. Penrith, NSW 4 Likes 0 Followers Looking for a new home loan and have spoken to Ubank and Loans.com.au. I really don’t want the hassle so can mortgage brokers match their rates…. 3.62%? 7 years ago
Frank R. Geelong, VIC 3 Likes 0 Followers If our home was valued at $500,000 what can we borrow with no mortgage insurance? Thanks 7 years ago
Jonathan SharpBusiness Advisor Brookvale, NSW 19 Likes 18 Followers I am in the planning stage of a large national charity event with a launch date of October and the actual event March next year. One of the prizes for a club to participate i am looking at is leasing a mini bus for the winning club for 12 months. Advice? 7 years ago
Mina M. Austinmer, NSW 2 Likes 0 Followers Hi - We have a contract cleaning business and used all our savings and profits to build the business. It is now making good money and my accountant said it would be worth around $400,000. We pay $700 rent a week and we want to know if it possible to buy a home using the property and the business as security. We would like to buy around $600-$650,000? Thanks 7 years ago
Phoebe A. Geelong, VIC 2 Likes 0 Followers HiOur home loan is with CBA $540,000 and the property would be valued around 800,000… we both work, 2 kids 8 and 10 and we don’t like credit cards. The rate is 4.19%, what is the best rate we could get by refinancing?Thank you 7 years ago
Philip W. Wollstonecraft, NSW 2 Likes 0 Followers I have a mortgage and when reviewing comparable rates I see many offers considerably below what major banks are offering. What are the risks associated with going with a second-tier or online based home loan? They offer lower rates so why doesn't everyone use them? What happens if they go broke? 7 years ago
simplyaskit Business Advisor North Sydney, NSW 216 Likes 401 Followers The Reserve Bank of Australia has left the cash rate on hold at 1.5% for a 20th consecutive meeting. 7 years ago
Matthew B. Lane Cove, NSW 2 Likes 0 Followers Hi,My family has just arrived in Australia after I was transferred from England, the same employer. We are selling our home in London but want to know is there a minimum time we have to be in Australia before we can buy a property and get a home loan? Also what is the minimum deposit we would need? 7 years ago
Paul RyanDirector North Sydney, NSW 303 Likes 295 Followers A good friend set the ground rules for his 16-year-old daughter when she got part-time work. She could spend 50% of what she earned but the remaining 50% had to be deposited into a savings account.I'd like to ask about the strategies others have in play to help teach kids the value of money and the value of saving? 7 years ago
Kamal S. Werribee, VIC 1 Likes 0 Followers I am discharge from part 9 on feb 2017 still showing bankruptcy on my credit file what to do ? Can u remove bankruptcy from credit file?ThanxKamal 7 years ago
John C. Revesby Heights, NSW 3 Likes 0 Followers Is now a good time to think about a fixed rate for our investment loan? 7 years ago
