Budget 2018 -2019 Overview

Agriculture
$225 million for better GPS technology to allow farmers to access precision agricultural technologies that allow them to more accurately sow seeds in between rows of harvested crops and manage the distribution of water, fertiliser and herbicides.
$51.3 million over four years to boost growth in Australia’s agriculture and food exports to secure Australia’s position as a world leading agriculture exporter and support agriculture and export jobs.
$140 million grant and $50 million loan for Western Australia’s Myalup-Wellington project.
$3.6 million over five years to extend the Indonesia-Australia Red Meat and Cattle Partnership to help support beef exports to Indonesia.
$6.3 million to extend funding to give farmers access to a broader range of agricultural and veterinary chemicals. This is to support collaboration between growers, chemical manufacturers and rural research and development corporations.

The perfect property at an affordable price – its negotiation

So you’ve found your dream home, but it’s in need of a little TLC. While others may see this as a deterrent, this is actually a great opportunity to nab the house of your dreams at a price tag that’s within your means. Here’s how to tactfully negotiate the price without ruining your chances of securing the property.

Mortgage Broker Or Bank?

When you’re looking for a home loan, you could go to a mortgage broker or to a bank. While a bank will only offer you its own products, a mortgage broker is an industry expert who will take the guesswork out of finding the mortgage product that suits you and your needs.

It’s understandable that mortgage brokers are now the number one choice for consumers who are seeking a home loan or to refinance an existing loan. Businesses are also engaging mortgage brokers to help them with their financial needs from car and equipment leasing to loans to help their businesses expand.

Your interest rate may not be what it seems….

A recent study about financial literacy found 57% of respondents didn’t know that banks determine actual interest rates – not the RBA. It also found 36% didn’t realise if they reduced the length of their loan they reduced the amount of interest they paid!

What does that tell us? Well…

It tells us there are potentially a LOT of people who could be enjoying savings on their home loan AND other loan products – if only they knew how.

So how important is financial literacy?

Let’s face it, many of us find the ever-changing world of finance and banking complex. And yes… pretty dull. But a lack of interest in educating ourselves about our home loan – usually the BIGGEST financial commitment we have – is often costing us money!

“Is switching loans a suitable alternative for me?”

We use our financial calculators to compare interest rates, fees and features of your current loan with several other home loans available in the market.
We might also be able to negotiate (on your behalf) a discount below the listed interest rate, especially if you have a large loan. We will talk to your current lender and tell them you are thinking of switching to a cheaper loan offered by another lender.
They may offer to reduce the interest rate or suggest a cheaper ‘no frills’ loan. This could save you significant switching costs. Often, by using us, your mortgage specialist, we can secure a better rate than if you try to negotiate this yourself.