Edney Ryan Mortgage & Finance

Now while loan rate are low is a great time to pay off as much as you can on your loan. Skipping coffees and bringing lunch from home may save you hundreds of dollars per year, but getting a better deal on your loan could save you thousands. Give me a call to discuss and I’ll be able to instantly... Read more

There are two professionals able to do conveyancing – lawyers and conveyancers. Licensed Conveyancers Licensed conveyancers are non-lawyers who have been licensed to perform a part of the legal work associated with a real estate transaction, so long as it does not go beyond “conveyancing work” as defined in the Conveyancers Licensing Act 2003. There are times when a licensed... Read more

There has been much talk in the media lately about fixed rates – particularly the 5 year fixed rate offered by CBA of 4.99%* which many other major banks subsequently matched. In an economy where changes in interest rates can never be reliably predicted, and where the major banks make changes independently of the RBA anyway, it can be tempting... Read more

Thanks to the diversity of our clients, we have the pleasure of arranging equipment finance for all sorts of businesses. From the specialised like a printer’s guillotine, a farmer’s tractor and an arborist’s mulcher to the more common including; passenger cars, light or heavy commercial vehicles, dental, medical or veterinary equipment, construction equipment, plant and machinery, computer technology. Whether you... Read more

By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 12 2014 Key points Australian housing has seen a normal response to lower interest rates. House prices are up and a building boom is on the way. This will help the economy rebalance. The home buyer market is a long way from the bubble... Read more

At its meeting today the Reserve Bank Board announced interest rates would remain unchanged at the record low level of 2.5%. The last rate cut took place in August 2013. In their statement, the Board said “monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent... Read more

It is becoming increasingly popular to borrow to invest in real estate through a self-managed super fund. There are many clients for whom this strategy is beneficial, as long  as the financial plan addresses the limitations of this approach. Understand the restrictions: You’ll need to be very well read or well advised to ensure that you follow the strict rules... Read more

Edney Ryan proudly supported the Sydney World Press Photo Event: Portraits of Mercy Ships Patients. Mercy Ships exists to address the critical shortage of health care services in the developing world. More than 10,000 free surgeries and other transformational health care services are performed for some of the poorest people on earth each year by Mercy Ships. Consider supporting this... Read more

Under recent changes to the law, deposits can be deemed unclaimed (dormant accounts) if a transaction has not been made on an account for three years or more, down from seven years previously. Unclaimed funds are paid by banking institutions to ASIC, then the money is transferred to the Commonwealth of Australia Consolidated Revenue Fund. You can reclaim your money from... Read more

From this year, lost super accounts will be closed and transferred to the ATO more quickly than before.  Inactive accounts of “uncontactable” members will be transferred to the ATO if the balance is less than $2,000 (up from $200). Inactive accounts of “unidentifiable” members will be transferred to the ATO after 12 months of inactivity (down from 5 years). An... Read more