Article by Patrick Lynch, Head of Operations On Tuesday 3 Nov., we had the Melbourne Cup and Reserve Bank of Australia monthly meeting: If you backed Twilight Payment in the horse race – congrats! If you backed the Reserve Bank to reduce the cash rate – double congrats!! At their meeting, the RBA decided on […]
What about the RBA November rate cut?
Good debt vs. Bad debt, and Debt Consolidation
Article by Patrick Lynch, Head of Operations The largest expense for most people is their mortgage. But this isn’t the only debt that is (easily) available – you might have a credit card (or cards), a personal loan for your car, HECS/ HELP, etc. Debt is not a dirty word. As the latest budget has […]
Overhaul to responsible lending laws – Home loans could get a lot easier from March
As headlined in the Australian Financial Review this morning, Treasurer Josh Frydenberg will announce today that the government will in effect dump the responsible lending law that was imposed by the Rudd Labor government in 2009. The simplification will remove the Australian Securities and Investments Commission from enforcing the responsible lending rules for banks and […]