Check if you pay too much Lenders Mortgage Insurance (LMI)

Did you buy your property off the plan some time ago and has the value of the property increased since then? If that’s the case the following information may be useful to you. By taking proper action you might be able to lower the Lenders Mortgage Insurance premium and save money. While the market has […]

Positive credit reporting in Australia

I’ve written about innovation in the Australian banking sector in the past. Innovation and financial services should go hand in hand New technologies and the big banks The launch of the new GetCreditScore website by peer to peer lender Society One makes it clear that banks still have a long way to go in terms […]

When is the right time to buy property in Sydney?

When is the right time to buy property in Sydney? I hear this question asked so many times and my answer is the same ‘whenever you’re ready’. Being ready means that you are prepared to start the journey into property ownership. They say that for most people this is the biggest financial decision that you […]

New technologies and the big banks

Consumer behaviour is changing. This is largely due to the many technological innovations which take place at an incredible speed. Quick and easy are now the two key words for every consumer oriented organization and this is driven by new technology. Every organization must integrate new technology as quickly as possible in their business processes […]

Are home buyers really more responsible?

It’s a difficult time for home buyers and in particular for first home buyers because of the booming Australian property market. Many articles have been written lately about how home buyers face the financial challenges of getting a home loan. In an article from Karina Barrymore from the Herald Sun: Debt Decline as Home Loan […]

How to tell if you need to rent or buy a home

A while ago, I asked you what makes more sense, to rent or buy a home. According to a new research paper written by two RBA economists buying a house now would be about as costly as renting if the property prices continue to grow at the average rate of the past sixty years. They […]

Woolworths are Australia’s fresh food people not a ‘bank’

Over the past few months the Australian Prudential Regulatory Authority ‘APRA’ has been very active. With so many new players trying to get a piece of the very profitable Australian banking pie, APRA realizes they need to step up their game and very critically monitor new initiatives. It’s most recent step has been to stop […]

How deposit bonds work

Deposit Bonds are still relatively unknown. In today’s MoneyStoreTV video, Tony Harris explains how deposit bonds work and how they can help you to secure a property if you don’t have ready access to cash for a deposit. VIDEO Transcript Hi. My name is Tony Harris and I’m the founder of The Money Store. Today […]

Questions to ask a Sydney mortgage broker

As a Sydney mortgage broker I know how overwhelming the Sydney home loan market can be. You will be bombarded with so many offers for home loans today that it’s difficult to choose. Finding a good mortgage broker in Sydney who can help you make sense of all the offers is not easy. You need […]

Why should I have a regular Home Loan Health Check?

One of our most important property investment recommendations is to regularly perform a home loan health check and to adjust your home loan. Home loan repayments usually represent most people’s single largest monthly expense, so it makes good sense for borrowers to have a “check-up” done on their home loan – just like going to […]