Property

Comparison Rates Don’t Give Aussies Enough Credit

THE BAREFOOT BROKER with Jason Khoury Comparison Rates were rolled out by ASIC with good intentions but have turned out to be quite useless, so I’ll continue to lobby for their removal on the basis they’re just not real. A Comparison Rate (CR) is a made-up, notional & unrealistic ‘rate’ which tries to include ongoing fees into the actual interest rate, in a rudimentary effort to estimate the true cost of a loan. It’s like a car salesman giving you a price on a car that wraps up Continue Reading→

Overdevelopment freeze a hoodwink

BY OUR CIVIC ROUNDSMANNSW Deputy opposition Leader and Shadow Planning Minister Michael Daly has blasted the State Government’s 12 month freeze on medium density overdevelopment as a political stunt to get Ryde MP Victor Dominello re-elected.“The freeze ia a hoodwink to get Victor Dominello re-elected at next March’s State elections”, Mr Daley claimed.Mr Dominello along with Lane Cove MP and Planning Minister Anthony Roberts announced the freeze last week to give Ryde Mayor Continue Reading→

TWT Exclusive: Dominello seeks freeze on Ryde High-Rise ‘madness’

Ryde MP and NSW Finance Minister Victor Dominello has announced that he is appealing to the Minister for Planning and the Greater Sydney Commission to freeze high-rise development in Ryde.“Anyone that is familiar with Ryde knows that overdevelopment is hurting our community” Dominello said.“The most recent decision by Ryde Council to support a 60 storey tower in Macquarie Park is evidence of this and is sheer madness.”Ryde’s Local Environment Plan (LEP) sets the rules for Continue Reading→

The Barefoot Broker: Helping blind people around the world

HAVING won Best Small Brokerage in NSW, iChoice at Concord West is always looking for new ways to build on its relationships with clients, the industry and the broader community, including philanthropic initiatives - so it's with great pride that we announce that iChoice has become an official Corporate Partner of the Fred Hollows Organisation.“Ever since I heard a few years ago that there are blind people around the world that can have their eyesight restored, we’ve wanted to get Continue Reading→

Banking Royal Commission Shaking Things Up

THE MAJOR Australian banks' financial advisers are copping it, as we continue to hear their customers' interests have not always underpinned their recommendations in a Banking Royal Commission that has so far exposed shocking conduct.It’s disgusting and it’s now obvious that this inquiry was needed to clear the air.People are now understanding that banks are loyal to their shareholders and not their customers - confusing, as we assume banks have a moral obligation to look after Continue Reading→

Invasion of the two storey flats

The City of Ryde has threatened legal action against the State Government to stop an invasion of four unit manor houses in streets with single storey bungalows.The Council held a heated, extraordinary meeting on Thursday in response to so called “government changes to Ryde’s Local Environment Plan” to permit an estimated 41,000 manor houses in R2 zoned streets which Mayor Jerome Laxale claims the council is powerless to stop.Mayor Laxale said the government’s change – which Continue Reading→

The BAREFOOT BROKER with JASON KHOURY: How to think about money

BESIDES being The Barefoot Broker, for 30 years I've been a student of Economics, Psychology, Statistics and Neuro Linguistic Programming.Believe it or not, it all ties in together.Kids out there, get stuck into any learning you can get your hands on - it all helps. You'd think that people who can refinance their mortgage to save money will consider it, right?Well, not really. In fact, 80 per cent of people who have a mortgage or two know very well that they're throwing money down Continue Reading→

Things to know about Lender Mortgage Insurance

The Barefoot Broker with JASON KHOURY: Lender MortgageThis week, I've got five things about L.M.I (Lender Mortgage Insurance) that first home buyers definitely don’t know and their bank will never tell them.Firstly, Lender Mortgage Insurance is an insurance policy taken by the bank for its own protection, that the borrower must pay for. Generally, it only applies when you need to borrow more than 80 per cent of the value of the property.It’s just a one-off fee (which differs Continue Reading→

Ryde Council backs Gladesville overdevelopment protest

A PROTEST rally against overdevelopment in Gladesville backed by the City of Ryde will be held this month. Ryde councillors voted unanimously during last Tuesday night's council meeting to back demands by Clr Roy Maggio and angry residents for the protest meeting, which will be held at a civic venue to be advertised next week. The protest meeting will target property developers and our local politicians with the City of Ryde also expected release an official statement on overdevelopment in Continue Reading→

Hunters Hill Planning Panel holds inaugural meeting

THE new planning panel to determine development applications in Hunters Hill met for the first time at the Town Hall on Thursday. The panel has sweeping state government powers to approve or reject all applications except for large developments of significant state significance which will be decided by a State Government appointed group. Chaired by David Lloyd QC, it will replace the role of Hunters Hill councillors to vote on development applications although councillors do have a right to Continue Reading→

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