It’s been a tough month and our hearts are with Sydney and Melbourne and now South eastern Queensland over this very difficult time. In the midst of a cold wet winter, it all seems a bit glum. Though when life gives you lemons or in our case record house prices it is worth looking for…
ME Bank has been in the news a lot this week after they reduced the available redraw on some of their customers home loans. This has created some confusion of how redraw facilities work. Here is a simple explanation of the difference between a redraw facility and an offset account. Redraw lets you access extra…
This is now the soundtrack to our lives, we look at graphs of lines heading up and now flattening, we keep track of infection numbers, we wait for restrictions to ease, and we look on in wonder as others flout the “rules”, and world leaders seem to provide more uncertainty than surety. Although we have…
It has a been a summer for many that we are happy to have behind us and move on to happier times. That being said, there is the threat of the Coronavirus pandemic that could have further implications for all of us. The stock market has taken a big hit due to the uncertainty created by…
With the start of a new year, we have some significant changes underway at Dominion Finance. Molly McDonald Crowley, who is one of our loan administrators has completed her finance study and is becoming a fully fledged mortgage broker as of 4 February 2020. This is very exciting to see another one of our loan…
Mike really enjoyed his discussion with David Speers on Sky News yesterday and found him very responsive to the challenges our industry is facing. Sky News is a vital channel for our advocacy purposes as it is the primary ingredient in the media diet of leading politicians and decision-makers. If you would like to keep…
Mortgage broking in the media As you may be aware the government has launched a Royal Commission into the banking industry. This Royal Commission also includes the role and remuneration of mortgage brokers, and to investigate complaints made by the public against specific mortgage brokers and potential fraudulent dealings. At Dominion Finance, we welcome the…
Congratulations to Suzanne and Melita winning the Mentor of the Year award at the annual eChoice awards at Port Douglas last week. This is a great achievement and recognises the effort Suzanne and Melita put in to mentoring and training the crew in the Dominion Finance office, drawing on their many years of knowledge and…
Knowing what a property is worth is vital to avoiding paying too much for it. It is easy to let your emotions get involved with such a critical life investment. Auctions especially, can be exciting and stressful situations where it is very easy to pay more for a property than you anticipated. To avoid this…
To effectively build wealth, you need to be managing your money. No matter how much you earn you need to know where your money goes. It is too easy to spend what you earn and more. Banks are prepared to give us credit cards with huge limits and shopping is getting easier with online shopping…