Do you have a savings plan? Do you know how much you spend? Follow these 5 easy steps to easily and quickly improve your financial position and achieve your goals faster.

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No, this isn’t a trick question but if you can answer it, you’ll have a better idea of the property you should be investing in.

If you get it right, your renter should pay the bulk of your investment property through rental payments. If you understand the renting population and what they’re attracted to, you’re half way to ensuring your property is rented out regularly and reliably. Different suburbs and regions attract different kinds of renters who will look for different features in a property and location. The kind of renter who is looking for a property in the inner city is likely to want different things than the renter looking for a property in the suburbs. Things like good cafes and funky bars within walking distance, a gym, shopping and public transport close by. However, someone renting in the suburbs, is more likely to have a family, want to be close to good schools, parks and playgrounds and within easy driving distance to shopping malls and employment hubs.

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BREAKING NEWS! The RBA has decided to cut the official interest rates. At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.50 per cent. It remains to be seen whether lending institutions will pass on the full cut to it’s customers. Stay tuned.

The structure of your loan is really important if you have a view to long term investing.

You may or may not have heard of cross collateralisation or cross securitisation, however it is one of the fundamental structural concerns to get right from the outset.

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It would seem that there are many clients who are still wary about buying ‘off the plan’.  This seems to come largely from a number of developers who were unscrupulous during the boom period prior to the GFC.  By and large, the GFC has flushed out the unsavoury operators.  The businesses that were able to withstand the assault of the GFC, especially in the construction industry, for the most part, were good businesses prior and are still strong businesses today.  

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This week, 2GB rang me to seek my professional comment on an article that was on the front page of the Australian. Macquarie Bank published a list of Australia’s Top 50 Risky Suburbs and Ben Fordham wanted to clarify for his listeners, what made a ‘risky’ suburb for investment and how that might affect lending practices.

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By Phil McCarroll | 25 May 2016 06:44 AM

After tightening up its loan book in response to the Australian Prudential Regulation Authority (APRA) driven crackdown last year, major lender Westpac is set to make life easier for investors.

According to a report in Fairfax media outlets, the big four bank has advised mortgage brokers that its loan to value ratios (LVR) for investment loans will move back from 80% back to 90%.

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The Reserve Bank of Australia has announced that it will cut interest rates.  This sets a new record low rate of 1.75% – the first change since May last year.

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HOW MUCH DO YOU NEED TO RETIRE?

Different people will have different needs depending on the lifestyle they expect in retirement, however, figures released by the Association of Superannuation Funds of Australia (ASFA) can help you to plan.

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EXPECTING YOUR SALARY TO BE ENOUGH TO COVER YOU IN RETIREMENT

Many Australians are caught in an old paradigm, their parents’ and grandparents’ idea that if they just work hard enough, they’ll earn enough and save enough to retire on.

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