The ‘pendulum may have swung a bit too far’ when it comes to the tight lending standards currently imposed on small businesses, says the Reserve Bank of Australia (RBA).
More than one-in-five SMEs are having cash flow problems due to business loans being rejected, according to new research.
The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 0.75%. But will the banks pass on the interest rate cut in full to you?
Three-in-five prospective first home buyers intend to buy soon with a smaller deposit, rather than wait until they have saved a 20% deposit. So how do they plan on doing so?
Imagine buying your first home with only a 5% deposit and not having to pay lenders mortgage insurance. Well, that dream is one step closer to reality after the government introduced legislation to implement the First Home Loan Deposit Scheme.
Lending to Aussie households spiked 3.9% in July, the strongest growth seen since October 2014, according to the Australian Bureau of Statistics (ABS).
Marge, Marge, the rains are ‘ere! Home prices have recorded their first rise since October 2017, with national dwelling values increasing 0.8% over August, according to the latest CoreLogic report.
Ever been tempted to tell the boss you’re leaving to start your own business? You’re not alone. In fact, more than nine million Aussies dream about becoming their own boss.
How much do you think the average Aussie spends on gifts each month? $20, $50 or 100? (hint: we’re a generous bunch). Today we’ll look at why it’s important to budget for these expenses correctly, rather than succumbing to ‘buy now, pay later’ services.
Ever thought about investing in solar panels for your home? If so, you’ll know it’s a big decision and there’s a lot to wrap your head around. Fortunately, the consumer watchdog is proposing a new retailer code to make solar purchases safer and easier.
Indulgences such as caviar, wagyu beef and the finest bottles of wine shouldn’t count against you when lenders assess your application for finance, a Federal Court judge has said.
One in 10 consumers have switched credit products in the past year, according to new research, with Millennials and women in particular pouncing on offers from small banks, credit unions and building societies.
Businesses that put off paying large tax bills for too long may soon find that the Australian Taxation Office (ATO) has notified credit reporting bureaus.
Good news for mortgage holders this week, with the RBA saying “it’s reasonable to expect an extended period of low interest rates”.
Scams involving identity theft have cost Australians at least $16 million this year, and that figure is likely to be just the “tip of the iceberg”, says the ACCC.
One of the most annoying myths for young homebuyers has to be the smashed avo breaky one. You know – to buy a property you have to forego delicious weekend breakfasts. Well, here are three easy recipes that prove otherwise.
Backyard cricket pitch not getting much of a workout these days? Sick of your weekends being taken up with mowing and gardening? Installing a granny flat could be a lucrative solution – boosting the value of your home by 30% and adding around 27% to rental income.
Great news for home buyers – housing affordability is the best it’s been since 1999, according to new data released by the nation’s peak housing and building body.
Yes, we’re well aware that this may sound like an oxymoron to some! But cheeky jokes aside, this is a question we’ve been increasingly receiving. So today we thought we’d look into what good corporate social responsibility means, and how you can find it in a bank.
‘Are we there yet?’ That seems to be the million dollar question on everyone’s lips. Today we’ll take a look at whether or not the property market is finally starting to stabilise, as well as when we might start seeing some positive changes in the market.
Whenever the Reserve Bank of Australia (RBA) changes the official cash rate we all hear about how it will impact home loans. But it affects many other areas of finance and the economy, which we’ll look into today.
The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 1%. Yep, that’s right, back-to-back rate cuts within just one month.
What would you say if we told you that you could potentially increase your rental returns by up to 30% simply by ticking a box? You’d probably call us ‘barking mad’.
They say that home is where the heart is. And it’s true that we spend so much of our time, money and emotions in our homes. So it can be hard to truly look at them and think that something could be wrong.
Did you know that it takes four to seven years for the average household to save a 20% deposit for their first home and avoid paying lender’s mortgage insurance? However, a new scheme promises to drastically reduce that time by dropping the required deposit to just 5%.
The RBA has cut the official cash rate to a new record low of 1.25%. But hang on a sec… Will lenders even pass on the cut in full? Today we’ll look at how you can make the RBA rate cut work for you.
Here’s a bit of good news: you may be able to borrow more for your next home loan after the prudential regulator sent a letter to the banks asking them to relax a key lending criteria.
Most of us have found ourselves in a sticky situation where we’ve spotted an unauthorised or mistaken transaction on our bank account or credit card statement. Here’s how to avoid footing the bill.
No doubt, like most, you’re suffering from a bit of election fatigue. But stick with us – here’s one last article that explains what you can expect from the 46th parliament of Australia.
Fixing your home loan while rates are dropping is a bit like pulling the ripcord on a parachute. If you do it early you’ll get a steady ride but may miss out on a bit of action. But if you leave it too late things might get a little messy.
While housing affordability is improving across the country, for many young first home buyers cracking into the property market can feel like breaking into a fortress. Here are five ideas that can help bust down that door.
Choosing the right superannuation fund can be like navigating a maze. Just when you think you’re onto a winner you run into a dead end – whether that be because of high fees, hidden costs, or poor performance. Today we’ll break down the process of choosing a fund in 9 simple steps.
We don’t like to dust off the old crystal ball and speculate very often, but there’s been so much noise about whether the RBA will cut the official cash rate this Tuesday that we feel compelled to address it.
The short term rental market is booming. Each year, tens of thousands of Australians list their properties on Airbnb to make a tidy buck on the side. Here are our top five tips on how to stand head and shoulders above your competition.
Actors act. Cleaners clean. Taxi drivers drive taxis. Mortgage brokers? Well, we don’t just do mortgages. Here are the other aspects of your life we can help with when it comes to your financing options.
Whether it was a shiny new car, sports or leisure gear, or simply an impractical pair of shoes – we’ve all been guilty of making a luxury purchase that we didn’t really need in our lives that knocked our family budget off course.
Cash flow is like your daily hit of caffeine. You don’t really notice how important it is for your business until you’ve got to try and operate without it. Today we’ll look at how the recently expanded instant asset write-off initiative can help out in that area.
The holiday season is a prime time for burglars to strike as it’s much more likely that you’ll be far, far away from your property. Here are seven simple ways to deter uninvited guests from entering your property these holidays – sorry Easter Bunny!
Welcoming a baby into your family is one of the most joyous occasions of your life. But just like anything worth celebrating (such as your wedding day or buying your first property), it’s not without its expenses.
Australia’s housing market might be on a bit of a downward trajectory, but that doesn’t mean the value of your home can’t buck the trend. Here are five ways you can increase the value of your property, without necessarily increasing your monthly mortgage repayments.
With a federal election due in May, the 2019 federal budget is more a series of election promises than it is a set-in-stone budget. That aside, here are some of the more interesting talking points and what they’ll mean for your family’s monthly budget.
As technology continues to evolve, so too do the challenges of keeping your family budget in check. This week we’re going to look at a couple of technological trends that could put your family budget under some real strain in 2019.
There’s been a lot of noise in the home lending and financial space recently, so there’s every chance you may have missed it, but some lenders are starting to cut rates.
Medicare customers are being urged to update their bank account details to see if they’re entitled to a share of more than $110 million in unclaimed rebates. Here’s how to do so online in a few minutes.
Higher interest rates, increased fees, less flexibility and fewer options. That’s how borrowers will lose out if the banking Royal Commission’s recommendations around how mortgage brokers are paid are implemented. Here’s how you can have your say!
Once again the Big 4 Banks have escaped major punishment and gotten exactly what they wanted: adding a multi-thousand-dollar tax on borrowing that’ll hit consumers and brokers hardest.
Ahh, the NBN. Depending on where you live it’s either lightening fast, or so agonizingly slow that you want to pull your hair out. Well, the good news is you could be entitled to a refund worth hundreds of dollars.
Excuse the humble brag, but property buyers are turning to mortgage brokers in record numbers. Here’s why that’s great news for the both of us.
It’s the end of the road for 900,000 borrowers on interest-only loans, as they’ll be automatically switched to principal and interest loans this year. Now’s the time to check whether or not you should start considering other options.
We’re midway through January and you’ve managed to stay sane. Well, we hope so anyway! Here are seven budget-friendly ideas that’ll help keep the kids off their screens throughout the last two weeks of school holidays.
Whether you’re celebrating the festive season with family and friends, or getting away somewhere nice and relaxing, we hope you have a wonderful break over the summer holidays!
We thought we’d have a little fun this week and look at how much it costs the average Aussie family to own a pet. After all, two in three households have one and very few budget for them!
When it comes to paying off your mortgage, many of us are in the dark as to where we should be making significant savings. A good place to start? Cutting down on ‘micro-transactions’.
Most of us roll our eyes when we start seeing shopping centres spruik Christmas merchandise in November. While it’s important not to get caught up in the festivities too early, now’s actually a great time to start prepping to ensure a budget blow-out doesn’t derail your mortgage repayments over the silly season.
With housing values falling across half of Australia’s capital cities over the past year it can be all too easy to forget many regions are doing well. Here’s where property prices have recently experienced healthy growth.
Buying a house by the sea in a little known coastal town is no longer reserved for retirees. New research shows that those flocking to coastal towns are now predominately young families.
Just like a Melbourne Cup winner tearing down the outside, the October 31 tax deadline can quickly rush up on you. As the Australian Tax Office can fine those who fail to get theirs in on time, it might be time to get cracking.
You’ve probably seen ‘negative gearing’ and ‘capital gains tax’ in the news recently. That’s because they’re set to become hot topics ahead of the next federal election. Today we’ll take a look at both.
Sticking to a financial plan – such as paying off a mortgage – can be a long journey that’s punctuated by high highs and low lows. Here are some tips to get you through the tougher times.
A question we often get goes something along the lines of: ‘I make my repayments on time, and I save $1,000 per month, why is the bank saying I can’t service a loan?’ Here’s how banks conduct loan serviceability.
Information is power. Knowing how much a property is worth can help you secure a great price during negotiations.
Many people only pay their bills on time to avoid being slugged with late fees and a bad credit rating. But a big change this month means that you can now be rewarded for timely repayments.
It’s a morbid thought that many of us tend to shy away from, but end-of-life financial planning is a crucial stage in any wealth-building plan.
Whether it’s unrequited love, or an unsuccessful home loan application, getting your heart broken is never easy. Here are five common reasons home loan applications are rejected.
Credit card providers love to use all kinds of incentives to get you to put that shiny piece of plastic into your wallet, ripe for usage at your weaker moments. Here’s how to avoid getting snared in credit card debt.
With some of the major lenders recently lifting interest rates on variable home loans, we’ve had a number of enquiries this week as to whether now is a good time to lock in an interest rate.
When one bank hikes its interest rates, the rest usually follow one after the other like dominos. Here’s how to avoid getting caught up in the chain reaction.
We all experience times in life when we just can’t wait to get our hands on that shiny new item. But as the old saying goes: good things come to those who wait.
Sydney? Melbourne? Perth? Find out which of Australia’s capital cities have performed best in the property market over the past two decades.
Want to avoid sinking your entire savings balance into your mortgage? An offset account could be the solution you’ve been looking for.
Buying your first investment property is an exciting prospect. It’s also a serious investment decision and your choice of property and how well you prepare for entering the investment market can have major impacts on your future financial security – for better or...
When it comes to refinancing, Australians are becoming increasingly savvy. According to the Australian Bureau of Statistics, over $80 million worth of properties were refinanced in the last year alone. Refinancing your mortgage, put simply, is the act of transferring...
When there’s something you need or want, you have plenty of options when it comes to finding the money to pay for it. We can choose to: Save up the money Use our existing savings Use a credit card Take out a personal loan There are several reasons why the best option...
When applying for a loan for a new home or investment property, or refinancing your current loan, an experienced mortgage broker can be an invaluable ally. Unlike when going direct to a lender, your mortgage broker can review a wide range of lenders and lending...
Now that we’ve looked at how you should plan and get to your budget for your home renovation, the final step before you go ahead is to consider how you’re going to finance your projects. What are the different options you have at your fingertips to help you get those...
Now that you have planned your home renovation project by considering what fits your taste, how long the project will take, and when you need to do it, it’s time to turn your attention to your budget. It is easy for home renovation projects to get out of hand and end...
Australians love DIY, with home renovation projects proving hugely popular across the country. As a nation, we are spending more on home improvement projects than ever before, both in terms of projects we do ourselves or the investment in paying an individual or...
Budgeting might seem like a bore, especially for time-poor tradies and small business owners, it is crucial in ensuring long-term success. Here are five key steps to getting started with a simple budget for your business. Getting started. Janine Allis, founder of...
As a business owner, one of the greatest things you can do is to share your success and give back to the community. At Osinski Finance we have a very special link to a WA organisation known as Tiny Sparks WA. To celebrate Father’s Day 2017, if you have a meeting with...
1. Online Lenders More and more Australian entrepreneurs are turning to online lenders to quickly raise finance to help manage cash flow and grow their businesses. Some lenders offer small business loans of up to $250,000 with approval in minutes and funds transferred...
In the beginning of this year, the Australian Prudential Regulation Authority (APRA) announced their new additions to residential mortgage lending regulation. These changes affect all lenders in the industry and have the potential to affect all current and future...
New Blog Very soon you will be able to keep up to date with everything that is happening in the world of finance via our new Blog. Over the coming weeks and months we’ll be posting regular updates full of information that will help you get the most out of your...
Here’s some good news to kick off 2019: APRA is removing its restrictions on interest-only residential mortgage lending from January 1.
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I’m dedicated to helping homeowners make the most informed mortgage decision possible. One that integrates your personal financial plan and major life goals, such as retirement and wealth accumulation. There’s no cost to my services, so you have nothing to lose.