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March 2016

Warren’s take on: Rising interest rates

Currently, there is much talk around what interest rates are likely to do in the near term. Could the next move in interest rates be up and could it happen relatively soon? I am of the belief that here in Australia – we are going to see very little interest rate movement from the RBA. This does not necessarily mean that Australian banks and lending institutions will leave things unchanged, as has been the case over the last 12-24 months. It is important that one keeps a close eye on global markets, as it is generally a good indicator of …

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Frequently Asked Questions – Settlement/Post Settlement

When is my first loan repayment due to be paid? Usually your first repayment is due within 30 days of your loan settlement date. However, there may be exceptions to this rule: you can elect for it to be due earlier when completing your loan documents, thus changing the due date of your first repayment some lenders have a default due date of the last business day in the month In summary, it is best to confirm with us when signing your loan agreement. How do I transfer the funds from my old offset account to my new offset account? …

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Property values falling… How could this affect me?

Question of the Month: “A colleague has been asked by his bank to reduce his loan with them, by paying it down with some cash he has. This is due to the decrease in his property values. Could something like this happen to me?” Good news for our client – he is in a position where he should never receive such a call. Their friend however, may need to have a professional negotiate with the bank on their behalf. If you’re worried about your property value… Read the full article on the Medical Finance Detective Blog

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Under 55 and thinking about a self-managed super fund (SMSF)?

If you’re under 55 and thinking about setting up a self-managed super fund (SMSF) you’re not alone. SMSFs are being established by younger Australians wanting greater control over their super. In March 2014, younger people represented 75% of new SMSF members. Before deciding if an SMSF is right for you, there are some important questions to consider. For more information, click the link below…. Read the full article on the Corporate Finance Detective Blog

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FD vlog 001 – RBA update

Warren Dworcan (Managing Director @ Finance Detective), comments on the recent RBA update.

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Warren’s take on: Cooling Perth property prices

Perth property prices have clearly suffered on the back of the mining slowdown and the resulting reduced population inflow. But it isn’t necessarily bad news… Coupled with the current low interest rates, low property prices provide an opportune platform for Generation ‘Y’ to accumulate wealth over the long term. An entry point is vital in any investment. I personally believe that the next 6 to 12 months will be a great time to enter the market. This is especially evident when the current property market is compared to that of the last 3 to 5 years. You can read the original news …

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