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Penny Spiers
14 November 2019

Predatory payday lenders debt-trapping vulnerable Aussies: report

Penny Spiers
14 November 2019
Predatory payday lenders debt-trapping vulnerable Aussies: report

Predatory payday lenders are profiting from vulnerable Australians and trapping them in spiralling debt, according to a collaborative report by 20 consumer advocacy bodies.

Source: https://finance-matters.info/2019/11/14/predatory-payday-lenders-debt-trapping-vulnerable-aussies-report/

Penny Spiers
14 November 2019

Govt moves to free-up lending for SMEs

Penny Spiers
14 November 2019
Govt moves to free-up lending for SMEs

SMEs are set to have better access to finance, with the Australian government making two key moves this month to free-up lending to small business operators.

Source: https://finance-matters.info/2019/11/14/govt-moves-to-free-up-lending-for-smes/

Penny Spiers
7 November 2019

6 tips to prepare your property for valuation

Penny Spiers
7 November 2019
6 tips to prepare your property for valuation

Looking to refinance your home loan? A valuation is a vital part of the process. So today we’ll look at some ways you can help get your home in tip-top shape.

Source: https://finance-matters.info/2019/11/07/6-tips-to-prepare-your-property-for-valuation/

Penny Spiers
31 October 2019

Caps for new first home buyer scheme revealed

Penny Spiers
31 October 2019
Caps for new first home buyer scheme revealed

The property price caps in each state have been revealed for the federal government’s new first home buyer scheme. Read on to find out the maximum value of a property you can purchase under the scheme.

Source: https://finance-matters.info/2019/10/30/caps-for-new-first-home-buyer-scheme-revealed/

Penny Spiers
24 October 2019

Are you a spender or a saver?

Penny Spiers
24 October 2019
Are you a spender or a saver?

Are you paid weekly, fortnightly or monthly? New research indicates that how often you’re paid has a pretty big bearing on whether you’re a saver or a spender.

Source: https://finance-matters.info/2019/10/24/are-you-a-spender-or-a-saver/

Penny Spiers
24 October 2019

Crunch time: tax debts can now be reported by ATO to credit agencies

Penny Spiers
24 October 2019
Crunch time: tax debts can now be reported by ATO to credit agencies

Got a large, overdue tax debt with the Australian Tax Office (ATO)? Then best listen up, because certain tax debt information can now be reported to credit reporting bureaus (CRBs).

Source: https://finance-matters.info/2019/10/24/crunch-time-tax-debts-can-now-be-reported-by-ato-to-credit-agencies/

Penny Spiers
17 October 2019

Frustrating bank habit triggers probe into home loan pricing

Penny Spiers
17 October 2019
Frustrating bank habit triggers probe into home loan pricing

You know that infuriating habit the big banks have of failing to pass on the RBA’s cash rate cuts in full? Well, it’s finally triggered the federal government to order an inquiry into home loan pricing.

Source: https://finance-matters.info/2019/10/16/frustrating-bank-habit-triggers-probe-into-home-loan-pricing/

Penny Spiers
10 October 2019

7 ways you can use a reverse mortgage

Penny Spiers
10 October 2019
7 ways you can use a reverse mortgage

Got retirement on your radar? A reverse mortgage can help you improve your standard of living during your golden years. Today we’ll look at how some Aussies are using them.

Source: https://finance-matters.info/2019/10/09/7-ways-you-can-use-a-reverse-mortgage/

Penny Spiers
3 October 2019

SMEs need more support from lenders to grow: RBA

Penny Spiers
3 October 2019
SMEs need more support from lenders to grow: RBA

The ‘pendulum may have swung a bit too far’ when it comes to the tight lending standards currently imposed on small businesses, says the Reserve Bank of Australia (RBA).

Source: https://finance-matters.info/2019/10/03/smes-need-more-support-from-lenders-to-grow-rba/

Penny Spiers
1 October 2019

RBA cuts cash rate, but will the banks pass it on?

Penny Spiers
1 October 2019
RBA cuts cash rate, but will the banks pass it on?

The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 0.75%. But will the banks pass on the interest rate cut in full to you?

Source: https://finance-matters.info/2019/10/01/rba-cuts-cash-rate-but-will-the-banks-pass-it-on/

Penny Spiers
26 September 2019

Business loan rejection causing SME cash flow issues

Penny Spiers
26 September 2019
Business loan rejection causing SME cash flow issues

More than one-in-five SMEs are having cash flow problems due to business loans being rejected, according to new research.

Source: https://finance-matters.info/2019/09/25/business-loan-rejection-causing-sme-cash-flow-issues/

Penny Spiers
26 September 2019

Four ways to dive into the property market with a smaller deposit

Penny Spiers
26 September 2019
Four ways to dive into the property market with a smaller deposit

Three-in-five prospective first home buyers intend to buy soon with a smaller deposit, rather than wait until they have saved a 20% deposit. So how do they plan on doing so?

Source: https://finance-matters.info/2019/09/25/four-ways-to-dive-into-the-property-market-with-a-smaller-deposit/

Penny Spiers
19 September 2019

Home-ownership within reach: will you qualify for new buyer scheme?

Penny Spiers
19 September 2019
Home-ownership within reach: will you qualify for new buyer scheme?

Imagine buying your first home with only a 5% deposit and not having to pay lenders mortgage insurance (LMI). Well, that dream is one step closer to reality after the government introduced legislation to implement the First Home Loan Deposit Scheme.

Source: https://finance-matters.info/2019/09/18/home-ownership-within-reach-will-you-qualify-for-new-buyer-scheme/

Penny Spiers
12 September 2019

Has the tide turned? Household lending surges

Penny Spiers
12 September 2019
Has the tide turned? Household lending surges

Lending to Aussie households spiked 3.9% in July, the strongest growth seen since October 2014, according to the Australian Bureau of Statistics (ABS).

Source: https://finance-matters.info/2019/09/11/has-the-tide-turned-household-lending-surges/

Penny Spiers
5 September 2019

Ever dreamed of starting your own business?

Penny Spiers
5 September 2019
Ever dreamed of starting your own business?

Ever been tempted to tell the boss you’re leaving to start your own business? You’re not alone. In fact, more than nine million Aussies dream about becoming their own boss.

Source: https://finance-matters.info/2019/09/05/ever-dreamed-of-starting-your-own-business/

Penny Spiers
5 September 2019

Is the housing market drought finally over?

Penny Spiers
5 September 2019
Is the housing market drought finally over?

Marge, Marge, the rains are ‘ere! Home prices have recorded their first rise since October 2017, with national dwelling values increasing 0.8% over August, according to the latest CoreLogic report.

Source: https://finance-matters.info/2019/09/05/is-the-housing-market-drought-finally-over/

Penny Spiers
29 August 2019

Buy now, pay now: the importance of budgeting for gifts

Penny Spiers
29 August 2019
Buy now, pay now: the importance of budgeting for gifts

How much do you think the average Aussie spends on gifts each month? $20, $50 or 100? (hint: we’re a generous bunch). Today we’ll look at why it’s important to budget for these expenses correctly, rather than succumbing to ‘buy now, pay later’ services.

Source: https://finance-matters.info/2019/08/28/buy-now-pay-now-the-importance-of-budgeting-for-gifts/

Penny Spiers
22 August 2019

New code to protect Aussies buying solar panels

Penny Spiers
22 August 2019
New code to protect Aussies buying solar panels

Ever thought about investing in solar panels for your home? If so, you’ll know it’s a big decision and there’s a lot to wrap your head around. Fortunately, the consumer watchdog is proposing a new retailer code to make solar purchases safer and easier.

Source: https://finance-matters.info/2019/08/22/new-code-to-protect-aussies-buying-solar-panels/

Penny Spiers
15 August 2019

Caviar and wine, anyone? What a court ruling means for you

Penny Spiers
15 August 2019
Caviar and wine, anyone? What a court ruling means for you

Indulgences such as caviar, wagyu beef and the finest bottles of wine shouldn’t count against you when lenders assess your application for finance, a Federal Court judge has said.

Source: https://finance-matters.info/2019/08/14/caviar-and-wine-anyone-what-a-court-ruling-means-for-borrowers/

Penny Spiers
13 August 2019

Top 5 tips for standing out on Airbnb

Penny Spiers
13 August 2019
Top 5 tips for standing out on Airbnb

The short term rental market is booming. Each year, tens of thousands of Australians list their properties on Airbnb to make a tidy buck on the side. Here are our top five tips on how to stand head and shoulders above your competition.

Source: https://finance-matters.info/2019/03/20/top-5-tips-for-standing-out-on-airbnb/

Newer Posts
Older Posts
Featured
RBA cuts cash rate to record low amid coronavirus concerns
Mar 3, 2020
RBA cuts cash rate to record low amid coronavirus concerns
Mar 3, 2020

The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 0.50% as the coronavirus outbreak impacts global financial markets.

Mar 3, 2020
Employers granted one-off super amnesty
Feb 27, 2020
Employers granted one-off super amnesty
Feb 27, 2020

Employers who have underpaid their staff superannuation have been granted a one-off amnesty to make things right, but that doesn’t mean they’re completely ‘off the hook’.

Feb 27, 2020
How long does it take to find and secure your dream home?
Feb 27, 2020
How long does it take to find and secure your dream home?
Feb 27, 2020

It takes most first home buyers longer than a full working week to house hunt and apply for finance for their ‘dream’ property, according to new research.

Feb 27, 2020
Downsizers tipped to be a ‘powerful force’ in 2020
Feb 20, 2020
Downsizers tipped to be a ‘powerful force’ in 2020
Feb 20, 2020

Downsizers are tipped to take advantage of ‘the perfect storm’ and get the most out of the property market this year, predicts the national body representing professional buyers’ agents.

Feb 20, 2020
Are you being stung by the loyalty tax?
Feb 13, 2020
Are you being stung by the loyalty tax?
Feb 13, 2020

Once upon a time you were rewarded for loyalty. But borrowers with older mortgages are typically paying a higher interest rate than customers on new loans, confirms the Reserve Bank of Australia (RBA).

Feb 13, 2020
Smaller lenders taking applications for home loan deposit scheme
Feb 6, 2020
Smaller lenders taking applications for home loan deposit scheme
Feb 6, 2020

Non-major lenders have started offering another 5,000 slots for the First Home Loan Deposit Scheme, which allows first home buyers to purchase a property with a deposit of 5% without having to pay Lenders Mortgage Insurance (LMI).

Feb 6, 2020
Credit scores set for Valentine’s Day boost
Feb 6, 2020
Credit scores set for Valentine’s Day boost
Feb 6, 2020

Tens of thousands of Aussies have an extra reason to love Valentine’s Day this year, with their credit scores set to jump after civil court filings disappear from their credit file.

Feb 6, 2020
How to increase your property’s value by up to 10%
Jan 30, 2020
How to increase your property’s value by up to 10%
Jan 30, 2020

Properties with high energy-efficiency ratings typically sell for up to 10% more, a review of international research shows.

Jan 30, 2020
Why don’t lenders drop my repayments when the interest rate falls?
Jan 23, 2020
Why don’t lenders drop my repayments when the interest rate falls?
Jan 23, 2020

A question that’s been popping up a bit lately has been ‘why didn’t my lender reduce my repayments when the interest rate fell last year?’

Jan 23, 2020
The race is on: thousands rush to apply for first home loan scheme
Jan 16, 2020
The race is on: thousands rush to apply for first home loan scheme
Jan 16, 2020

If you’re thinking of taking advantage of the new First Home Loan Deposit Scheme then you better act quick, as thousands of first home buyers have already applied for the 10,000 guarantees available.

Jan 16, 2020
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Penny Spiers (523630) Rachel Sculley (546459) & Foxx Financial Pty Ltd (529466) are credit representatives of NewCo Financial Services Pty Limited Australian Credit Licence 385054 ABN 90 095 713 447