by Nick Rainsford | 13 Nov 2017 | Business, General, Investments
About 10 years ago my local council started an eradication program to rid the local area of feral foxes. Initially, people were happy but as time went by and as some pesky newcomers moved in, the euphoria of lynching the foxes didn’t last. Within a few months people...
by Nick Rainsford | 29 Oct 2017 | General, Home loans, Investments, SMSF
If you’ve been following what’s been going on in home loan land in the past two years you may have realised that the unprecedented intervention by the banking regulator, APRA, has had a profound effect on the affordability of a home loan. These effects cut both ways...
by Nick Rainsford | 9 Oct 2017 | General, Investments, SMSF
If you’ve been following the financial news in the last week you may have come across a proposal for a Government backed lender to provide funding for small and medium enterprises (SMEs). If you’re that keen, you can read about the story here. This is an issue I’ve...
by Nick Rainsford | 3 Oct 2017 | Business, General, Home loans, Investments, SMSF
We hear a lot about people getting ripped off by banks, financial planners, builders, mortgage brokers, real estate agents, tradesmen…the list goes on and on. One could be forgiven for thinking that our entire society is based on ripping one another off. In the US and...
by Nick Rainsford | 10 Sep 2017 | Business, General, Home loans, Investments, SMSF
It’s difficult to admit but we all lie at one time or another. Mostly we lie so as not to offend with the usual “don’t you look nice?” whilst trying not to wear our true feelings on our faces. Sometimes we lie to our kids to protect them from torment or unnecessary...
by Nick Rainsford | 3 Sep 2017 | General, Home loans, Investments
Do you have a big home loan? Is it much greater than you ever imagined? How much is too much? One of our major banks now has a policy that says an interest only mortgage cannot be greater than a multiple of the gross income of the borrowers. That multiple is rumoured...
