Y.I.Finance » You're Important

Planning to buy off the plan? When we think ‘off the plan’ most people will immediately assume extensive high rise apartments under construction across major Australian cities. However it’s also common for smaller medium density developments to be sold off the plan, including many over 55s townhouse/villa projects. Why buy off the plan? For a developer, selling off the plan locks in a pre-determined level of sales allowing them to secure finance from a lender and the project to proceed. Read More…

Are you looking to enter the property market or upgrade your existing home but it seems just out of reach? Many of our clients are keen to understand what influences their borrowing power and how they can improve their borrowing capacity to be a step closer to their next home or investment property. Did you know that your credit limit directly impacts the amount you can borrow? With a simple change it can also be one of the quickest ways Read More…

Choosing the option that works for you! The summer holding season may leave many of us with a warm glow from indulging our loved ones and perhaps even enjoying a relaxing summer holiday?? What wonderful memories that often creates… So how is the credit card balance looking? In Australia, over 70% of adults have at least one credit card. With nearly 17 million credit cards in circulation* chances are this is also the time of year when some of us Read More…

How to survive different spending habits We are told that money is usually one of the main causes of relationship problems and breakdowns.. or is it? Many experts agree that it’s really a lack of communication skills and compromises when it comes to money. Money has meaning beyond the numbers on a page or notes in your wallet. It is strongly linked to our sense of security and self-worth. If you and your partner argue about money you’re not alone. Read More…

Gen Y is now the leader of the pack! We’ve all seen the headlines – ‘Housing affordability crisis’, ‘Will Gen Y ever own a home?’, ‘Young buyers turn to bank of mum and dad’ etc. Yet despite media reports of an ‘affordability crisis’ in the Australian housing market, recent research* shows that one in every five Australians owns an investment property – an increase of 3% since 2015. Even more surprising, the research* shows it is our younger generation of Read More…

Your spending footprint, there is nowhere to hide it anymore… Did you know that your spending habits could be the difference between securing your loan…or not? This time last year the big news in the finance world was the introduction of tighter lending criteria by APRA (Australian Prudential Regulation Authority) designed to curb what the regulator saw as ‘heightened risk’ in investor lending. The result has been a considerably slower investment property market. Now, in 2018, the focus of the Read More…

Here’s a scary statistic! A leading Australian demographer* estimates the total cost to parents of raising the average number of children (2.7) to independence (at 24) is $1,028,000. That’s right! A million dollars to raise the average family.. And that’s assuming your family is ‘average’ and they have attained financial independence by age 24! In a growing generation of SLOPS (singles living off parents) you can see the financial impact on parents can be significant. Of course parenting is the Read More…

Let us help you in bridging the gap… Many property owners sell their existing property to purchase a new property at some point in their lives. In a perfect world, the sale of one and purchase of the other will happen in a smooth, seamless sequence. In reality it doesn’t always happen like that! What are your options if you find the perfect property and your current property is still waiting for a buyer? Perhaps you believe you can’t buy Read More…

With a generation of baby boomers entering retirement there is no end of information on downsizing a home. On the other hand, for a generation of homeowners with entirely different needs what do YOU need to know when it comes to upsizing your home? Common reasons for upsizing Chances are you’ve been perfectly happy in your first little house or apartment, but life changes – along with our living requirements. Reasons for upsizing may include: marriage having children a growing Read More…

Try our six tips to help you save money! Research* shows about 57% of Australian adults are savers although only 16% of those manage to save quite easily. When many of us feel burdened by the mere cost of ‘living’ it is often difficult to establish a savings plan. However, creating a savings habit can play an important role in our ultimate financial future. So what are some of the key tips for becoming a successful saver? We often convince Read More…