What is a redraw facility?
A redraw facility is common for most home loans and allows a customer to “redraw” advanced payments. For example, if you have paid an additional $10,000 off your home loan,...
Finance News
What is the First Home Super Saver Scheme (FHSSS or scheme)?
As a way to try assist first home buyers in Australia, legislation has passed that will enable eligible first home buyers to save for the deposit in the concessionally taxed...
How to calculate rental yield
Rental yield is a simple calculation to determine the return on investment that a property can produce. Some investors are willing to purchase a property sight unseen based on rental...
Deposit taking institutions
What is an Authorised Deposit-taking Institutions?An Authorised Deposit-taking Institutions (ADIs) is an Australian government term for financial institutions in Australia which are supervised by the Australian Prudential Regulation Authority (APRA) and...
What is an offset account?
An offset account usually comes with a professional package product with a lender and is generally only available with deposit taking institutions (main stream banks). Offset accounts are generally designed to...
What is a Split Loan? Fixed vs Variable Interest Rates
Splitting loans allows a borrower to hedge their bets a little against potential interest rate movements. Splitting your loan means you have one total loan amount (e.g. $500,000) and you...
Associations & Institutions we work with
