Big Banks no Longer offering SMSF Loans

Big Banks no Longer offering SMSF Loans

Last month, Westpac announced that it would no longer be offering SMSF loans for both residential and commercial properties as of the 31st of July.

Since then, more of the big banks have followed suit and declared they will also be moving out of the SMSF lending space. The Commonwealth Bank is now the only big bank continuing to offer SMSF loans to its customers.

Choosing a financial advisor: finding an advisor that fits you

Choosing a financial advisor: finding an advisor that fits you

Why is good financial advice so important?

In today’s uncertain economy, correct financial advice is absolutely essential. It can even mean the difference between poverty and prosperity. From managing business expenses, to investments, to your superannuation, the household budget and more, properly managing your money can be overwhelming.

Property Investments in Melbourne: Which properties will perform the best?

Property Investments in Melbourne: Which properties will perform the best?

Though for the best part of 20 years it’s been a compelling city in property terms, there’s now a need for greater caution when investing here.

For the past two years, Melbourne enjoyed the status of being the second best-performing capital city for property, after decades of consistent stability. A different scenario is now emerging.

Melbourne still offers plenty of opportunities for real estate investment. However, there are also areas that represent greater risk, where your return could well fall short of your expectations.

So where are the best properties in Melbourne and how can you avoid high-risk locations and types of real estate?

Downsizer Contributions & Your Super

Downsizer Contributions & Your Super

After months of deliberation on when downsizer contributions will take effect, the day is almost here and it's time to gather all the information and find out if you are eligible for these new contributions. We've put together a guide explaining everything you need to know about the new law and what it means for you and your property. Keep reading to find out more. 

The difference between financial planning and investment advice.

The difference between financial planning and investment advice.

Recently a marketing consultant we work with here at Yield Financial Planning referred his parents to us. Besides feeling like it was a vote of confidence in what we are doing, the consultant could clearly see, what we were providing through our financial planning services is what his parents were not receiving through the current financial advisor that was largely acting as an investment advisor.

After this insight I wanted to take the time to share my experience of what the difference is between holistic financial planning advice and investment advice.

Six essential things to consider before downsizing your home

Six essential things to consider before downsizing your home

If you are considering downsizing your home, it’s likely you are getting close to retirement or are already retired.

This is a smart strategy to explore and could well be the best decision, but it isn’t always and as with every financial decision, should be planned. Property decisions in particular should be planned as it is very expensive to buy and sell.

To help with the decision we’ve outlined the 6 essential considerations of downsizing.

What impact does the death of a parent have on children

What impact does the death of a parent have on children

One of the most rewarding things about being a financial adviser is seeing the positive impact an insurance policy can have on a family’s life.

That’s why I was particularly interested in the findings from a recent study that explored the impact the death of a parent has on children and the surviving parent, comparing the results between insured and uninsured households.

Borrowing to buy property in an SMSF? Find out the common mistakes people make

Borrowing to buy property in an SMSF? Find out the common mistakes people make

While borrowing to buy property in an SMSF can make complete sense, there are mistakes trustees often make that are important to be aware of. This article explains several of those common mistakes.

Want to know why borrowing in your super to buy property can make complete sense?

Want to know why borrowing in your super to buy property can make complete sense?

Want to know why borrowing in your super to buy property, can make complete sense? This article explores 5 reasons why doing so could 'supercharge' your retirement savings.