Follow my BlogJoin us on LinkedINLike us on FacebookFollow us on TwitterFollow us on Youtube

Future Financial Services Blog

by Alex McKenzie

Financial planning advice to guide you through your life stages. Financial advice for when you are looking to buy your first home, start a family or looking to retire. This blog aims to show the relevance of Superannuation, insurance and investment for everyday families.

13
November
2018

Is a property crash imminent or is it a media beat up?

Is a property crash imminent or is it a media beat up?

Last Sunday, Channel 9’s 60 Minutes program ran a segment suggesting that Australia is about to see the biggest property crash in our history.  There was talk of a 40% drop in property value in our major cities and the end of the seemingly endless growth cycle.  In my view, 60 Minutes have taken the extreme position, it makes a better story, but the problem is real.

The average Australian is far more bullish on property than any other asset. I‘ve heard numerous people say that you can’t lose money on property; we also hear enormous growth expectations like property doubles every 7 years.  Most people don’t blink about gearing up to 90% or more into an investment property, often using equity in their residential property to front up their 10% contribution to the property. That mindset has all the hallmarks of a bubble, and, as we know, bubbles burst.

Written by: Alex McKenzie Categories: Author, Future Financial Services Blog

13
November
2018

Credit Cards

The Dangers of Credit Cards

Credit cards are the easiest way for people (especially young people), to get themselves into financial difficulty. It is easy to obtain credit, it is easy to use the credit and the interest rates are horrific.  It is simple to put yourself into a position that makes recovery difficult.

Many people don’t even consciously decide to get a credit card. They often come with the loan or account they have set up and, at some point, they just start using it.

Written by: Alex McKenzie Categories: Future Financial Services Blog

<<  1 2 3 [45 6 7 8  >>