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Welcome to the 1300WHATLOAN newsletter for September 2015
Vehicle & Equipment Finance
Our consultants have the knowledge and experience to tailor the best solution for you or for your business with access to a wide variety of financiers. Read More
The Same Day The RBA Meets and leaves the cash rate unchanged at 2%.
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What the Banks Aren't Telling You About Your Mortgage...
Did you know when you make your monthly mortgage repayment, barely any of it goes to paying off your home?A typical repayment of a $360,000 mortgage is around $2,500 per month, and only around $350 of that is actually going towards paying off your home. The rest of that, or around 86% of your monthly repayment goes to the bank to profit from you. That is $2,150 every month going to the bank and not your home loan.
Looking at that over 20 years, the bank collects over $500,000 from you in interest, for just a $360,000 home. No wonder the banks are raking in billions of dollars, just take a look at how much they made last year:
If you don't do anything, you will be handing over your hard earned money to help the banks make a profit, and losing out on one of the greatest opportunities to get ahead in life.
Personal finance apps for your mobile
Use our free apps to get instant calculations and financial assessments on your phone.
Housing Market Update across Australia - released August 2015
Australian dwellings valued at $6 trillion after capital city home values surge 2.8% higher in July
NAB puts 40 postcodes on credit watchlist
View the suburbs
Rent rises slowest on record: RP Data
Home prices might be rising at a record pace but it's good news for tenants - rent growth has slowed to its weakest pace on record.
RBA concerned by rising household debt
A senior Reserve Bank official has highlighted concerns about rising household debt in an indication interest rates may not be cut from current record lows.
Wage growth stays at record low
Wage growth has remained at a record low for a second quarter, led by continuing fallout from the mining slowdown, but with pain across all industries and states.
Read the full story
Top 20 suburbs with the highest median value
A healthy 11% rise in combined capital city home values over the past twelve months has seen 437 suburbs now join the CoreLogic RP Data 'Million Dollar Club', and record a median value of $1 million or greater.
REPORTS YOU SHOULD READ
Herron Todd WhiteInteresting topic in this month's review around the States. With all the construction going on in the fringe suburbs the guys at HTW are looking at the costs of construction. Even better than that they are comparing it to the figures they produced in 2009 so show how things have changed in the last 6 years. If you are looking at building or developing make sure you download this report. A good read as always.
Download the report
We’re all trying to keep up with the Joneses
New research shows that we feel pressured to purchase a larger home than our friends.
Google has all the answers, and now it can even tell you whether it’s worth investing in solar panels.
Google’s new Project Sunroof allows home-owners to assess their roof’s potential for solar power. Harnessing the same high-resolution aerial mapping used by Google Earth, Project Sunroof can calculate how much sunlight hits your roof.
Visit Project Sunroof
Dump in Brisbane’s Dutton Park soars $170,000 over reserve
Top 10 suburbs for highest proportion of auction listings
Over the past financial year, 25.6% of all properties advertised for sale were taken to auction across Australia’s capital cities, with Melbourne, Sydney and Canberra showing more than one third of all listings being taken to auction.
Being cashed up for those big annual bills
BEING hit with whopping once-a-year expenses can leave a big hole in your hip pocket.Car registration, annual insurance policy costs, private school fees and body corporate costs are just a few of those hefty bills that often roll around once a year — and they hurt.
So here are four ways to prepare for these types of expenses.
How to Budget Your Money & Harness Your Finances
Do you get that sinking feeling when you look at your bank account and realise it’s weeks until pay day? Or find yourself raiding the kids’ piggy banks at the end of the month? Yes? Then you need a plan.
Home price rises slowed in August
Australian banks are slashing the size of home loans
Sydney, Melbourne home prices tipped to rise
Sydney and Melbourne home prices are tipped to keep rising, with experts saying the booming housing markets are either in or entering a "bubble".
Property boom could be over by Christmas
Relief for first home buyers could be in sight with one housing expert predicting the Sydney property boom will be over by Christmas.
Economists claim Australia in midst of largest housing bubble on record
AUSTRALIA is in the midst of the “largest housing bubble on record” and when it bursts it will be a “bloodbath”.
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We hope that you enjoy our latest newsletter for June, and are looking forward to publishing more informative articles for your reading, in December
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