by Nick Rainsford | 14 Dec 2015 | Business, General, Home loans, Investments, SMSF, Uncategorized
“Labour cost pressures remain weak (Graph 5.7). The wage price index (WPI) increased by 0.6 per cent in the June quarter and by 2.3 per cent over the year – the lowest annual outcome since the index was first published in the late 1990s.” This is a direct quote from...
by Nick Rainsford | 7 Dec 2015 | Business, General, Home loans, Investments, SMSF
We are always asked our opinion as to which way lending rates will be moving next. Our standard response is to point towards the RBA statements and recent economists but politely dodge the question. As part of our credit licence we cannot give specific advice. The...
by Nick Rainsford | 11 Nov 2015 | Business, General, Investments
A few weeks ago, I wrote an article entitled Picking Winners. It has since been pointed out to me by a few readers that the opposite is in fact true in banking. That is, banks look into a crystal ball and through the eyes of their credit management try and pick the...
by Nick Rainsford | 1 Nov 2015 | Business, General, Home loans, Investments, SMSF, Uncategorized
By the end of last week all four of Australia’s major banks had raised or were going to raise rates on housing finance. They were joined by – what was once – Australia’s largest investment bank. The rate rises are as follows: BankRate Increase ANZ0.18% CBA0.15%...
by Nick Rainsford | 1 Nov 2015 | Business, General, Investments, SMSF
As we head into Melbourne Cup week when we all hope to be picking winners – traditionally the end of the year and the beginning of the festive season – I thought it would be worth reflecting on the businesses that could have been if governments had decided to pick...
by Nick Rainsford | 29 Aug 2015 | Business, General, Investments
This article is about the street interest rates that an increasing number of non-PAYG business owners and people without security pay. Most banks have equated these otherwise customers to financial lepers and thus excluded them from accessing their balance sheets....
