Up until now, your credit reporting score could be impacted by such things like defaults and late repayments- mostly negative data that became warning signs for lenders as to your potential credit risk. If you kept up your payments up…
elk realty & capital news highlight: Since 2013, a rise in owner-occupiers choosing townhouses and larger apartments can be seen, based on the findings of the Knight Frank's Australian Residential Development Review 2018. Sales of these housing types grew from 2.2 percent…
Most Australians pay 9.5 per cent of their income into their super, but a compulsory super contribution increase to 12 per cent is proposed to occur in 2025. Long-term projection analysis by the Grattan Institute predicts that the extra money…
Up until now, a self-managed super fund (SMSF) could have up to four members, so a married couple with two kids, for example, could pool their savings and investments together to prepare for retirement. Kelly O'Dwyer, Financial Servies Minister, is…
Since 2014, banks have been restricted in growing their investor loans. The Australian Prudential Regulation Authority (APRA) instated a 10 per cent benchmark on investor loan growth, but now the government organisation stated it has now served its purpose. "Lending…
elk realty & capital news highlight: The Gold Coast construction and development that took place in 2017 leading up to The Commonwealth Games added more than 24,000 direct jobs and overall $1.64B in direct wages and salaries. The development surge is…
ANZ's financial wellbeing snapshot survey had a majority saying their finances are "bad" or not confident about the next 12 months. 23 per cent answered they were just "getting buy", followed with 13 per cent who are "struggling". About…
Over the next three years, the RBA estimates about $120B worth of loans annually will have their interest-only period expire. The big switch to principal and interest (P&I) loans will test the finances of borrowers who don't plan effectively for…
elk realty & capital | Brisbane and the Gold Coast property markets are showing signs of price growth over the 3-year period 2017-2020. According to the recently released QBE Australian Housing Outlook 2017-2020 report, Brisbane house prices should tick up…
A study on Millenials has shown that they are making more than their Baby Boomer counterparts. Yet the older generation has increased their overall wealth faster than the younger generation, thanks in part to superannuation and rising property wealth.…
