Categories for Finance

Can a Deceased Joint Tenant Buyer Or (minor) under age of 18 – be e-settled within scope in WA?

16/1/2020
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Question: Can a Minor, or Deceased Joint Tenant Buyer – be settled within an e-settlement scope in WA? A: You may know that the Client Authorisation Form (CAF) immediately ends upon the death of that client (except in South Australia -ref https://www.arnecc.gov.au/__data/assets/pdf_file/0012/698718/MPR-Guidance-Note-1-Client-Authorisation.pdf). Office of State Revenue (OSR) using Revenue-On-Line (ROL) might have an issue with an incompletely signed substituted buyer form. Unless the surviving Joint-Tenant is able to execute for the deceased and provide the Death certificate as evidence with...

Have you considered some Loan saving tips

7/8/2019
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It’s been two months since the RBA started cutting rates, here’s what you should have done by now Lucy Dean Yahoo Finance 6 August 2019 It’s been nine weeks since the Reserve Bank of Australia began its campaign of rate cuts, and if you haven’t been making the most of it, you’re looking at thousands of dollars down the drain. The RBA cut rates by 0.25 per cent both in June and July, bringing the official interest rate to a record low...

Brokers Bracing For Shake-up

6/2/2019
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Commissioner Kenneth Hayne has delivered recommendations from the royal commission into financial misconduct that could see consumers forced to pay upfront mortgage broker fees. The recommendations for the radical shake-up to the broking industry was not unexpected, in early 2017 The Australian Securities & Investments Commission (ASIC) conducted a “Review of mortgage broker remuneration”.READ MORE HERE These are the occasions when a peak body association has to advocate practical solutions that find a balance between its member’s interests and consumer expectations. The...

SCAM ALERT – Did that person, really send you that?

19/9/2017
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In what is suspected to be a “man in the middle scam”, funds were unwittingly deposited by a purchaser into an east coast bank account in the lead up to a settlement and then transferred by the scammers to an overseas account resulting in a significant loss of $557,000. Typically, this type of scam will occur when the contents of person’s private emails are accessed and details of future financial transactions are seized upon by scammers. Victims will be contacted...

Suspect a water leak, How to detect it & what to do…

11/8/2017
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Leaks can be extremely wasteful and costly. Regularly checking taps, pipes and fittings around your property could save precious water and precious money! How can I detect a leak?To conduct a leak detection test yourself, follow these simple steps:Step 1: Ensure no water is being used in your house (turn off all water appliances, such as washing machines and evaporative air conditioners).Step 2: Read the black and red numbers on your meter. Record the black numbers from left to right. The black...

What does Finance Pre-approval mean?

26/3/2017
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Confused about home loan pre-approvals? Here’s everything you need to know before you start house hunting. What information do you need? First, your broker will want to build a comprehensive picture of your finances. To do this, you’ll need to provide evidence of everything including: Pay slips and tax returns for your income. Title deeds for tangible assets (i.e. physical items such as buildings, machinery and inventory), and Portfolio statements for intangible assets (non-physical items such as copyrights and patents). Loan...