Mark Lewis is the Executive Chairman of Bernie Lewis. His blog brings you the latest on the home loan and financial markets and how this could impact you. Mark welcomes your comments and questions.
Buying a property is an exciting time, but it can be all too easy to get swept away in the moment and let your heart rule your head.
Tuesday 05 November 2013
If you or someone close to you is about to take that giant leap into home ownership for the very first time, then congratulations! You have just made a very important step in securing your financial future.
Thursday 31 October 2013
By now most households will have received their council rates notice for the current financial year. There is always an element of dread opening that envelope and seeing how much your Council charges to do not much more than empty your rubbish bin once a week and mow the lawns at your local park.
Monday 19 August 2013
Every quarter, Genworth, the largest mortgage insurer in Australia releases it’s Streets Ahead Report. This report, compiled from a survey of over 2,500 mortgage and non-mortgage holders from around Australia, is probably one of the most definitive and in-depth surveys of it’s type, so the information in it is worth noting.
Monday 12 August 2013
In October 2008 the Federal Government introduced the First Home Saver Account (FHSA). The scheme aims to help first home buyers save for a deposit for their first home.
Wednesday 24 July 2013
Just like you can claim for the wear and tear on your car if you use it for income producing purposes, so too, you can claim the wear and tear on your investment property, as a depreciation allowance against your taxable income. With property depreciation, there are two main types you can claim, firstly depreciation on the plant and equipment in the home and secondly on the building itself. Plant and equipment are things such as carpets, ovens, dishwashers, blinds or curtains, etc.
Friday 10 May 2013
Whilst I was born and bred in Adelaide, at the tender age of 20, I moved interstate and over the next 12 years I had the opportunity to live, or spend significant time in just about every Capital City in Australia. Most of that time was spent living in Sydney and Perth.
Thursday 02 May 2013
Over the years, as I have moved through my adult life I have always strived to be as successful as I can in whatever I have done. Along the way I developed a keen interest in what are the keys to success.
Thursday 31 January 2013
Since November 2011 we have had six consecutive interest rate cuts from the Reserve Bank to bring the Cash Rate down from 4.75% to it’s current level of 3.00%. However, whilst we have had rate cuts of 1.75% during that period the Banks have only passed on an average of 1.33% in total to mortgage borrowers.
Wednesday 30 January 2013
In the last five years home loan borrowers have paid the Banks an incredible $18 Billion extra in interest on their home loans due to the Banks not passing on the Reserve Bank interest rate cuts in full. And when the RBA has been increasing rates some of the Banks have increased their rates by a higher amount, further adding to the Bank windfall.
Monday 05 November 2012
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