RBA increased rates by 0.5% in September 2023
RBA increased rates by 0.5% today.
This will see an average repayment on a $800,000 mortgage rise to more than $4,300 per month, which would be an increase of $1,000 since April.
So where are interest rates going? How will this affect property prices? and are you prepared?
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Where are interest rates going?
It has now been a week since we have had the Fed Reserve chairman Powell came out and shook the confidence out of the market, after the market was filled with optimism amid signs that inflation had peaked. Powell reiterated the Fed’s policy stance will be sufficiently restrictive to return inflation to 2%.
So where are interest rates going? How will this affect property prices? and are you prepared?
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Smart Super Strategies
We continue to support and educate many about how they can use their superannuation better.
We outline five key strategies that have worked for many of our clients and may benefit you.
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Client Stories - Part 2
We wanted to share with you some of our client stories, to provide a snapshot of what we do and how we support our clients.
Part two of the series dives into a couple looking to retire.
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Client Stories Series - Part 1
We wanted to share with you some of our client stories, to provide a snapshot of what we do and how we support our clients.
Part one of the series dives into a couple looking to retire.
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Helping you navigate the uncertainty of current investment markets
Helping you navigate the uncertainty of current investment markets.
Find out what our Lake Macquarie Financial Planners do to support their clients during times of uncertainty.
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How a unit block easily explains retirement and investments
How does an apartment building explain retirement planning?
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Are the markets about to be blown up?
Is Powell about to blow up the markets?
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Market Update
This week, markets face what could be the most import week in recent memory.
With the Fed, Earnings and economic data set to be released.
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Are you a victim?
We are called to be architects of the future, not its victims.
If we don’t… we are nothing more than victims to governments, jobs, inflation, Covid, and… fate.
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RBA makes third rate rise
RBA has lifted the cash rate.
Interest rates have risen over 1.25% over the past three months.
This will cost a family with a mortgage of $500,000 over $340 extra per month.
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Never waste a crisis
Never waste a crisis.
Our current situation is very different to 2008, which was caused by lending excesses in the US housing market or the pandemic related collapse of 2020.
Our Newcastle Financial Planning Advisers discuss the factors at play in 2022.
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Here are 5 thoughts for Financial Freedom
Our Lake Macquarie Financial Planning advisors continue to help people around Australia achieve financial freedom and this is what continues to motivate us each and every day.
To support you, here are 5 thoughts on Financial Freedom…
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How do I inflation proof my retirement?
How do I inflation proof my retirement?'
Inflation measures the change in the cost of living over time. There’s a good chance the spending power of the income you have now will be reduced by inflation during your retirement because the costs of goods and services will rise.
Part of maintaining your lifestyle in retirement is making sure your retirement income can keep up with inflation.
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Understanding Market downturns
Rising inflation, rising rates, continued war, surging energy prices, talks of recession… the list goes on about what’s possible to worry about!
However, it’s times such as these, it’s important to focus on what is within your control and look through the short-term noise. While dramatic market losses can sting, it’s important to keep a long-term perspective and stay invested in order to participate in the recoveries that typically follow.
Don't make long term decisions on short term metrics.
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Podcast Recommendation
Our first podcast recommendation…
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Market Update - June 2022 - Part II
Has the genie been let out of the bottle?
How will inflation be reigned in?
We discuss the developments over night (16th June 2022)
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Market Update - June 2022
Our Newcastle & Lake Macquarie financial planning advisers provide a market update, highlighting what is happening around the global, what we are doing for our clients, and how we can support you.
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The word retirement has been retired.
In my 17 years advising people how to retire, they always stated that they hate that word retirement!
We explore the conations we have learned and the new word for retirement, as the word retire has been retired.
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