Recent content by StuartW

You're probably right... so let the ACCC use it. If ANZ's costs have increased 6 bpts, then its customers have less to be annoyed at.

(1) The RBA can comment on overseas funding costs, yes. However, I'm not sure if they know the funding mix of each bank and/or calculated the weighted cost of such. It's the mix of funding that influences the actual cost - which will be different for all banks. (2) I'm not talking about cheap...

My concern is the reason they are providing for the increases i.e. increase in the cost of funds. The frustrating thing is no one can verify it, because it really depends on a bank’s funding mix. What I think is necessary is for the ACCC to verify the banks rationale for any increase. The...

Did you say your existing loan is P&I? If you redraw you'll have to make P&I repayments on investment debt. I wouldn't suggest that. You'll have to close this loan and establish an interest only one with Reis or another lender.

Is double CGT an issue? Obviously if you sell the units back to the HDT for more than what they were issued for then you’d have to pay for CGT. Fine. But what happens if/when the HDT sells the property? Won’t it pay CGT on the whole gain... again? So double CGT? Also, what about stamp duty on...

Frankly, you'd be stupid to try and do this yourself... appoint an expereinced legal advisor. It will cost you a few grand but at least you have the comfort that its done right. Simple mistakes can result in costly problems. PT is right, most lenders will want you to get sign-off that you've...

I just want to let everyone know that I have just released the 2nd edition of my first book; Smart Borrowers Handbook. I have re-written about 70% including inserting some new chapters – e.g. there’s one on SMSF borrowing. You can buy it online from my publisher here...

Best to get the LOC in the name of the trust (using your home as security). You can on-lend the money (from you personally into the trust) but you should have a one-pager loan agreement to document this. Be aware that this will reduce the asset protection the trust provides as the Trust will...

Here's a selfish sugestion... Spend $30 to buy my book (2nd edition arrives from the printers this week) - I think it goes a long way to describe why you need a credit advisor - not a bank staff member that's ready to take your order. The added plus is I'm donating 100% of royalties to...

The RBA maintains history of 3 year fixed rates: http://www.rba.gov.au/statistics/tables/xls/f05hist.xls

My feeling is different Rolf. I think the money markets have over-estimated the chances of large interest rate reductions. I think the stock market volatility has spooked the money markets. My bet is fixed rates will be higher next month. 6.40% for 3 years is very optimistic (or pessimistic -...

I tried to do this about 5 years ago with investors that paid interest in advance. Much smaller numbers but most lenders wouldn't negotiate on bulk discounts. NAB was the only one at the time but couldn't hold the fixed rate and it moved. It was a failure. Banks were never going to accept it...

Ubank's max LVR is 80%... so if you need more than 80% in the furure, you'll have to refi again.

CBA has actually increased rates by 1.24% above RBA since GFC - http://www.keepbankshonest.com.au/

A healthy level of scepticism is good but don’t rule out an honest person trying to help. I have also done this quite a few times but only for clients I trust (of course) and I have a one-pager signed off to put some terms around it (but I’m sure it wouldn’t be a robust legal agreement).