by Nick Rainsford | 7 Nov 2016 | Business, General, Leasing, Uncategorized
My Maserati Does 185 I lost my license and now I don’t drive. – Joe Walsh, Life’s Been Good After many, many years of outright car ownership, I’m returning to leasing. Why? Well, two reasons really. Firstly, a car (no matter how nice when new) is a depreciating...
by Nick Rainsford | 31 Oct 2016 | General, Home loans, Investments, SMSF, Uncategorized
Not all that long ago, home loans were simple. If you wanted one, you’d walk into a branch or call your broker and you would get one. If you wanted one for investment purposes, there was no difference in price. The only real price differences between products was if...
by Nick Rainsford | 24 Oct 2016 | Business, General, Uncategorized
Over the past few decades there has been a relentless march by Australian banks to reduce costs. I used to work for three foreign banks in the 80s, 90s and naughties who used to laugh at Australian banks’ cost to income (CI) ratios – all below 50% (now in the low...
by Nick Rainsford | 17 Oct 2016 | General, Home loans, Investments, SMSF, Uncategorized
“Customers don’t know what they want until we’ve shown them.” – Steve Jobs Yes, I know the correct quote from the bible is “…they know not what they do” (Luke 23:34 or something) but I’m just using it to make a point. This is not a religious article....
by Nick Rainsford | 6 Oct 2016 | General, Home loans, Investments, SMSF, Uncategorized
When I first put in place a home loan 32 years ago all I could think about was how I was going to pay it off and own my own home. The day I made the final repayment was one I’ll always remember. I was free of the bank…until we decided to upgrade but that’s another...
by Nick Rainsford | 8 Aug 2016 | Business, General, Home loans, Investments, SMSF, Uncategorized
Like most people, I thought that the 0.25% interest rate cut announced by the RBA at 2:30pm last Tuesday was a good thing. Until I sat back and thought about it. You see, as a mortgage broker, anything that stimulates the property market or refinancing of existing...
