Confused about what to do with your cash? We have some ideas for saving and investing.

By | July 25th, 2017|Loop Financial|

Cash? What cash? Are we mocking you by writing about what you should do with those imaginary piles of money you have stashed under your bed? Look, we know that saving can be hard. Especially when you’re in your 20s and feel like the world is your oyster. And it doesn’t help that record-low interest [...]

5 ways to use your tax refund responsibly

By | July 19th, 2017|Loop Financial|

We all love hearing that there’s some money heading our way. It’s that time of year again. Do you owe money to the ATO or are you in for a nice tax refund? If you have a tax refund making its way to you, now is the time to think about what you’re going to [...]

Housing affordability and the July 2017 rates decision

By | July 4th, 2017|Loop Financial|

With the new housing affordability measures now in place as of 1st July, how will this affect housing demand and property prices? Some have even predicted a change in the cash rate. However, the Reserve Bank of Australia (RBA) met today for its July RBA rates decision and decided to keep the official cash rate on hold [...]

Higher interest rates to deter investors from interest-only home loans

By | June 21st, 2017|Loop Financial|

Following instructions from regulators, banks are set to increase their rates for interest-only home loans in an effort to push more people towards principal and interest loans. If you take out an interest-only loan from a bank, the money you repay only covers the cost of interest – you never actually pay back any of [...]

The temperature isn’t the only thing cooling down! June 2017 rates decision.

By | June 6th, 2017|Loop Financial|

After a month where we have seen property prices cooling down in Melbourne and Sydney there was talk of a possible rate cut. However, the Reserve Bank of Australia (RBA) met today for its June RBA rates decision and decided to keep the official cash rate on hold at 1.50 per cent. In their official statement, the [...]

How to get ready for End of Financial Year (EOFY)

By | May 16th, 2017|lifestyle, Loop Financial|

There’s a lot to love about tax time (said no one ever!). We know it’s very easy to find ways to keep putting it off, but in the end there’s no avoiding EOFY. Nobody loves the idea of having to spend hours searching through their inbox, files, and drawers and wherever else they keep their invoices, receipts [...]

Why it pays to know your credit score before you apply for finance

By | May 9th, 2017|Banks & Finance, Loop Financial|

Are you planning to apply for finance soon? Whether it’s for a new car, a new home, or renovations on your existing place, there’s one simple thing that may hamper your chances of getting the loan you need. We’re talking about your credit score. Think about it: before you put all that effort into your [...]

7 ways you can manage your money better

By | May 7th, 2017|Loop Financial|

Apparently, more than 30% of Gen Y are planning to retire between the ages of 31 and 40. Say Whaaat??? It’s an awesome goal to have, but you ain’t gonna achieve it without some serious money management (or a very rich relative). If you’re Gen Y and hoping to retire early, you need to get [...]

Phew….that is the sweet sound of relief! May 2017 rates decision.

By | May 2nd, 2017|Loop Financial|

With the Autumn property market in full swing, the Reserve Bank of Australia (RBA) met today for its May RBA rates decision shindig and decided to keep the official cash rate on hold at 1.50 per cent. We have no doubt that this will (if not already) generate a collective sigh of relief from mortgage holders [...]

The final RBA decision of the year! December 2016 rates decision.

By | December 6th, 2016|Loop Financial|

With the final RBA rates decision today until February 2017 (that is one long summer vacay!),  the Board have decided to leave the cash rate unchanged at 1.50 per cent, hmmm...that sounds familiar, anybody else have that Déjà vu feeling? The global economy is continuing to grow, at a lower than average pace. Labour market [...]

Can’t afford a home? Here are some other ways to invest

By | November 29th, 2016|Loop Financial|

The life plan for young Aussies has always been something like this: get a job, save money, buy a house, start a family. It may have worked well for past generations, but for many millennials it just isn't that simple anymore. It's the 'buy a house' bit, in particular, which is causing problems. With many [...]

Australia still popular for foreign investors but facing tougher competition

By | November 29th, 2016|Loop Financial|

Australia continues to be a popular choice on the global investment stage thanks to its mature market and comparatively strong yields, although transaction volume has fallen this year as there just aren't as many suitable investment properties available. This is according to a study from the Urban Land Institute (ULI) and PwC which predicts emerging [...]

Worried about debt and retirement? You’re not alone

By | November 23rd, 2016|Loop Financial|

65% of Aussies are worried they won't have enough savings to fund their retirement, while almost nine out of 10 mortgage holders are pushing to clear their debt sooner, new studies have shown. Mortgage Choice’s Diversified survey looked at Australians' attitudes towards retirement and found that over half (54%) wouldn't start seriously thinking about retirement [...]

The Government just made $6.3 billion of budget cuts. How does it affect you?

By | September 19th, 2016|Loop Financial|

There was drama in the upper house last Thursday night as angry Greens and crossbench senators fought against new cost-saving measures that the Coalition government was trying to pass. The 'Omnibus' bill includes 20 budget cuts including areas such as climate change and family benefits. The Greens accused the government of trying to disguise important [...]

Enter our competition to win!

By | July 14th, 2016|Loop Financial|

Win a trip for 2 ANYWHERE in Australia! We’d really like to be your friend.  We’re shaking up the finance industry and would like to share with you what we’re doing.  Enter our draw to keep in touch and in return you could win a trip for 2 anywhere in Australia. Where would [...]