Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
As a property investor can you ignore the strata levy though nobody likes them? The short answer is NO! Why you should NOT ignore it Firstly, a compulsory 10 per cent penalty interest rate is applied to all overdue levies. Secondly, as well as interest, the costs of recovering the debt are entirely payable by …
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About 400 angry ex-Bankwest customers say the bank has been colluding with property valuers to force commercial borrowers to default on their loans. The Perth-based bank is facing two potential class actions over the way it re-valued assets and called in the loans of hundreds of its small to medium-sized business clients after a takeover …
Continue reading “Beware of Bankwest – A Message from Unhappy Banking”
Do you want to do a 25,720 km, 56 days 4 hours travel for 1.03% p.a. discount on your home loan? I saw the Suncorp Bank “1.03% p.a. discount for the life of the loan” marketing campaign a few days ago. Today I thought I might go to their branch to have a chat. I went to …
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Well-off Australians are getting richer as tax cuts for the wealthy and ballooning salaries for executives drive a widening gap between rich and poor. Two academics studied wages over a ninety-year period and discovered that the top 1 percent of taxpayers earn nearly 10 percent of Australia’s income. Working with Oxford University professor Sir Tony …
Continue reading “Rich getting richer drives a widening gap between rich and poor”