Good Customer Outcome – Finance to purchase a new home
Explored Options Given clients level of savings and that their serviceability position was sound -brainstormed potential solutions with our office team
How parents can help their children buy a home
Over the past few years, in Australia we have seen an increasing number of parents helping their children to buy a home. Initially, this trend was driven by rapidly escalating property prices and the desire to help their children purchase a home whilst it was…
Good Customer Outcomes – Specialised Equipment
Financing Specialised Equipment can be a challenge particularly where a business does “not tick all the boxes” from a clinical credit perspective. Business by its very nature is dynamic. As many business owners know there are ups and downs! Often the pathway to success is…
Business Premises Fitout – Critical Mistakes to Avoid
In my days before finance, I worked for a major retail corporate and responsible for the display of merchandise throughout their new retail outlets across Victoria, it opened my eyes to the complexity involved with business premises fitout. To the many factors that need to…
Five Myths about Finance Broker Commissions
There has been a lot of speculation flowing from the Banking Royal Commission about Finance Broker commissions and in particular whether trail commission should continue to be paid. However, this misunderstands the role of a Finance Broker and what they bring to the table for…
Banking Royal Commission – Beware unintended consequences!
The past year for the finance industry has been one of massive change and turbulence, being driven by the revelations of the Banking Royal Commission and other Enquiries. Banks and Brokers alike have been rightly exposed to searing criticism. At its core has been self-interest!…
The Pathway to Good Customer Outcomes
No business can survive long term if it does not deliver good customer outcomes! The key word here is outcomes – every business does, or should be, looking to deliver good outcomes its customers. When the focus becomes anything else, selling a product or service,…
Seasons Greetings from The 500 Group
Throughout the year it has been the people we engage with that makes it all worthwhile! In particular, we would like to thank our amazing clients for their fantastic support. We look forward to working with you again in 2019 and beyond! We would also…
How to pay off your Home Loan faster!
With wages plateauing, it can be hard to find the extra cash to pay off your home loan faster! With interest rates at record low levels, it is important to explore ways to pay off your home loan faster.
Track your spending with Pocketbook
Pocketbook is a free App developed in Australia that people can use to understand and monitor their spending patterns. Recently, we have outlined how Banks look at applicants’ monthly expenditure in granular detail, when assessing home loan affordability. They do this by going through your…