Equipment Finance for Every Industry
Written by Tricia Williams, Manager - Edney Ryan Mortgage & FinanceThanks 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
Borrowing to Buy Property in SMSF’s
Written by Brendon Vade, Financial Planner - Edney Ryan Wealth ManagementIt 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
Changes to Dormant Accounts: From 7 Years Down To 3
Written by Tricia Williams, Manager - Edney Ryan Mortgage & FinanceUnder 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
Benefits of 100% Home Loan Offset Account
Written by Tricia Williams, Manager - Edney Ryan Mortgage & FinanceA 100% offset account for a home loan enables you to pay off your loan sooner, and still have access to a lump sum of your savings when you need them. An offset account is a regular savings account that has ATM, cheque book and internet access, which is linked to your home loan when the loan is established. The... Read more
House Prices Continue To Improve
Written by Tricia Williams, Manager - Edney Ryan Mortgage & FinanceHouse prices continued to improve in the last months of 2012, according to the latest figures released by the Australian Bureau of Statistics. Preliminary estimates show the price index for established houses in the eight capital cities rose 1.6% in the December quarter 2012. This was the strongest quarterly growth in almost three years. In the final quarter of 2012,... Read more
Interest Rates Unchanged
Written by Tricia Williams, Manager - Edney Ryan Mortgage & FinanceAt its meeting today the Reserve Bank Board announced interest rates would remain unchanged at 3.0%. The last rate cut took place in December, when a 25 basis points reduction took the cash rate down to the near 50 year low set by the Reserve Bank during the GFC in 2009. Patricia Williams is a credit representative (400458) of BLSSA... Read more