Buying or Selling? Review the March Property Clock

Gino Farina Real Estate Market

If you’re looking to buy or sell, the Herron Todd White (HTW) Residential Property Report is a great reference tool. Their property clock is a good visual representation of the state of the property market and its cycles. The March national property clocks for houses and units are included below, along with detail on how it works and to best use it.

Current Issues Faced by Small Business Accessing Finance

Gino Farina Self Employed

Many small businesses looking to grow find it hard to access finance. Lenders say that they are keen to lend to small businesses, but that unsecured finance involves more risk. This article outlines some initiatives that could help to improve access to finance for small businesses. Issues with Obtaining Finance as a Small Business The proportion of small businesses that …

Property Investors Hit Hard by Falling Prices and Tighter Credit

Gino Farina Property Investors

Investors are big players in Australia’s property market, representing about 42 per cent of total mortgage demand. In the days of the property boom, they reigned supreme with their superior purchasing power. They had willing banks and favourable tax laws working for them, increasing property prices and capital gains. However, the banks’ tighter lending policies in the wake of the …

Summary of the Key Findings of the Banking Royal Commission Final Report

Gino Farina Home Loans

This month, the findings of the damning final report from the Banking Royal Commission into the financial services industry were handed down. High Court justice and royal commissioner Kenneth Hayne unveiled 76 recommendations for key aspects of the banking, superannuation, financial advice, and the rural lending industries. While the final report totals 530 pages, a quick summary of the recommendations …

Be Aware of Major Changes to How Living Expenses Impact Borrowing

Gino Farina Home Loans

In response to regulator intervention and the influence of the Royal Commission findings, the past few months have seen big changes when it comes to borrowing. The regulator now expects banks and other lending institutions to conduct a detailed assessment of the spending habits and living expenses for anyone looking to change their lending or enter a new borrowing arrangement. …

How to Improve the Performance of Your Superannuation

Gino Farina Money

Have you checked the performance of your super lately? Is all your super combined into the one fund? Do you even know where to start? In light of recent industry changes, now is a great time to look into your super and make sure it’s performing for you. Superannuation in the Current Climate In recent months, workers have reacted to …

New Year’s Financial Tips

Gino Farina Money

There are a few key ways you can take control of your finances to achieve your money goals in 2019. Tip 1: Set Your Money Goals for the Year What are your money goals for this year? You need to make them specific, achievable and give yourself a timeframe to achieve them. Once you have your goals, you need to …

7 Tips to a Healthy Credit Report

Gino Farina Money

A key step towards financial health is a healthy credit report. Whether you want to take out a loan to buy a home, a credit card to earn points or a new mobile phone on a post-paid contract, a credit provider will probably want to access your credit report to decide whether or not you’re creditworthy. Step 1: Know What’s …

Property Valuation vs Appraisal

Gino Farina General

If you’re looking to buy or sell a property, or you just want to know how much your place is worth, it is important that you understand the difference between a property valuation and a real estate agent’s appraisal. What is a Property Valuation? A property valuation is a detailed report of a property’s market value, defined by the International …

5 Tips to Pay off Your Christmas Debt Faster

Gino Farina Money

Heading into the New Year with your Christmas debt hanging over you is an unsettling feeling. Here are 5 key tips you can follow to save money and reduce your debt quicker, to get you off to a good start for 2019. Tip 1: Consolidate Your Debts If you’ve got multiple personal debts, consolidating them can streamline your debt into …