In this August edition, we're excited to share a recent client success story along with timely property tips tailored to your clients' needs. Stay informed with valuable insights designed to help you and your clients make well-informed financial decisions throughout the year!
Client case study of the month
Wayne came to us 18 months ago struggling with a mortgage and eight personal loans, which had severely damaged his credit score due to 48 loan inquiries over five years. We consolidated his debts, improving his cash flow despite a high-interest rate. Now, with his credit score significantly improved, we’ve refinanced him to a major lender at 6.10%, saving him over $1,000 a month in interest.
Join us for an exclusive MY Professional Power Hour!
Don't forget about our next MY Professional Power Hour! We have created a Microsoft Teams Channel dedicated to the Power Hour in response to popular demand. This channel will allow us to continue our conversations, share resources, and keep in touch before and after the event.
Event Details:
Theme: Client Case Studies
Bring a client case study to showcase what you do for your clients. For example, if you are a tech expert who installs software, put it in a case study. We will go around the room and compare what we do, as we get to know each other better!
Date: Wednesday, 11th September
Time: 7:30 am (60 minutes long)
Location: My Finance Agent Sydney - U2 56 O'Riordan Street, Alexandria, NSW 2015
Market insights for your clients
The new move saving apartment buyers up to $18K in stamp duty costs
New apartment buyers in Tasmania and Western Australia can save up to $18,668 in stamp duty, thanks to new government discounts aimed at boosting medium-density housing. Tasmania offers a 50% stamp duty concession on new apartments, while WA provides full exemptions on pre-construction purchases. These incentives are designed to encourage apartment living and support construction
Teen buys three investment properties in less than a year – with no cash from mum and dad
A 19-year-old Australian bought three investment properties within a year without financial help from his parents. He achieved this by working full-time, saving diligently, and using equity from his first property to fund the next purchases. He emphasizes the importance of budgeting, understanding the market, and starting early in property investment to build wealth over time
Sticky buyers reluctant to make the first move
The current property market is seeing "sticky buyers" hesitant to make the first move due to economic uncertainty and high interest rates. Despite strong demand, many are holding off, awaiting clearer market conditions or better opportunities. This cautious approach is slowing transactions, leading to a more challenging environment for sellers and agents.
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