Friday 27 March, 2020
We’re living in unprecedented times at the moment and there have been a lot of changes to our situations and finances. Due to COVID-19 (coronavirus) we have seen businesses and personal loans affected as well as personal income situations.
All of these changes can be confusing and hard to manage, especially considering the distraction of everything else that is happening. Here at Finance Brokers Tasmania, we take huge responsibility in knowing what these changes are, so we can help you and guide you through this piece of the puzzle.
You may have seen our Facebook post last week talking about the recent home loan rate changes through the Reserve Bank. We have been keeping up to date with all the changes around this as well as the stimulus packages announced through the Government.
Finance Brokers Tasmania are your trusted, local broker, and we are here to help and guide you through this journey. Until advised otherwise, we are still here for a face to face (socially distanced) meeting, although we have been helping clients via email, phone and video call if this is your preference.
When you consider a ‘hike’, what is the first thing that springs to mind? A walk through the bush or a sharp rise? The RBA lifted the official cash rate by 25 points to .35 percent last week – the first rise in 11 years. While we understand that a rate rise is never a good thing, interest rates are still at historic lows and we wonder if the use of the word ‘hike’ is a necessary one!
Self-managed super funds (SMSF) are a different way of saving for retirement. A SMSF gives flexibility and control over where your retirement funds are invested, including the opportunity to invest in residential and commercial property.
If you missed the 2022-23 budget announcements this week, you may have missed the incentives announced for home buyers. While most are not new, the government have increased the number of spaces available for eligible home buyers through their Home Guarantee Scheme.
We are often asked if you need pre-approval before looking for your dream home. Pre-approval is not essential but it is one way to ensure you don't miss out!