Paul Johnson Finance Services in Canberra, Australian Capital Territory | Financial planner

Paul Johnson Finance Services

Locality: Canberra, Australian Capital Territory

Phone: +61 411 383 911

Address: 51 River Dr 2620 Canberra, ACT, Australia

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25.01.2022 Its Wednesday!!!!

23.01.2022 Breaking News !! At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.25 per cent, effective 4 February 2015. Stay tuned for updates as the lenders decide what impact this has on their interest rates...

23.01.2022 Midweek Family day at the snow. Great day at Perisher with good snow conditions.

22.01.2022 Something cute to describe a Wednesday! https://www.youtube.com/watch?v=fxGFczSVW5s

22.01.2022 Interesting article with one major take away point. "The only way to be successful is to take ultimate responsibility for things that are, and even arent your fault." Enjoy it.

21.01.2022 I am pleased to be able to provide an invite on behalf of a valued client to an event to raise support for the National Breast Cancer Foundation to meet their challenge - HELP US ACHIEVE OUR GOAL: ZERO DEATHS FROM BREAST CANCER BY 2030 Any support is appreciated, and can you please pass onto any friends or family that might be able to come along and support.

20.01.2022 http://www.rba.gov.au/media-releases/2014/mr-14-12.html

19.01.2022 Again interest rates have been left on hold by the Reserve Bank. Given the following comment from their release we can expect rates to stay low for the foreseeable future. "In the Boards judgement, monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent course is likely to be a period of stability in interest rates" If you wish to discuss your situation please dont hesitate to contact me on 0411 383 911 to talk to me about your situation.

19.01.2022 Something to ponder over the weekend ... What is success to you?

17.01.2022 Attached is an article from ABC regarding the current changes to investment lending, with banks starting to make changes to interest rates for both new and EXISTING clients. Please contact me to discuss your situation if you, or someone you know need to review your current portfolio. http://www.abc.net.au//property-investment-lending/6533236

16.01.2022 Reserve Bank again leaves rates on hold, with no changes made by any lenders to date, in response. Some notes from the Reserve Bank policy statement media release. " - The Federal Reserve is expected to start increasing its policy rate later this year, but some other major central banks are continuing to ease policy. Hence, global financial conditions remain very accommodative. Despite fluctuations in markets associated with the respective developments in China and Greece, lo...ng-term borrowing rates for most sovereigns and creditworthy private borrowers remain remarkably low. In Australia, the available information suggests that the economy has continued to grow. While the rate of growth has been somewhat below longer-term averages, it has been associated with somewhat stronger growth of employment and a steady rate of unemployment over the past year. Overall, the economy is likely to be operating with a degree of spare capacity for some time yet. Recent information confirms that domestic inflationary pressures have been contained. That should remain the case for some time, given the very slow growth in labour costs. Inflation is thus forecast to remain consistent with the target over the next one to two years, even with a lower exchange rate. - "

14.01.2022 From the Reserve Bank Website - "At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent." In Australia, the available information suggests the economy has continued to grow, but at a rate somewhat below its longer-term average. Household spending has improved, including a large rise in dwelling construction, and exports are rising. But a key drag on private demand is weakness in business capital expenditure in both the mining and non-mining ...sectors and this is likely to persist over the coming year. Public spending is also scheduled to be subdued. Overall, the economy is likely to be operating with a degree of spare capacity for some time yet. With very slow growth in labour costs, inflation is forecast to remain consistent with the target over the next one to two years, even with a lower exchange rate. In such circumstances, monetary policy needs to be accommodative. Low interest rates are acting to support borrowing and spending. Credit is recording moderate growth overall, with stronger lending to businesses and growth in lending to the housing market broadly steady over recent months. Dwelling prices continue to rise strongly in Sydney, though trends have been more varied in a number of other cities. The Bank is working with other regulators to assess and contain risks that may arise from the housing market. In other asset markets, prices for equities and commercial property have been supported by lower long-term interest rates. Having eased monetary policy last month, the Board today judged that leaving the cash rate unchanged was appropriate at this meeting. Information on economic and financial conditions to be received over the period ahead will inform the Boards assessment of the outlook and hence whether the current stance of policy will most effectively foster sustainable growth and inflation consistent with the target.

14.01.2022 Mondayitis from olden times.

14.01.2022 Good news for variable rate borrowers with no change again to interest rates by the Reserve Bank... At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. In Australia, most data are consistent with moderate growth in the economy. Resources sector investment spending is starting to decline significantly, while some other areas of private demand are seeing expansion, at varying rates. Public spending is scheduled to be subdued. Overall, the Bank still expects growth to be a little below trend for the next several quarters.

13.01.2022 Its Wednesday !

13.01.2022 Interest rates to remain unchanged!!! This information from the Reserve Bank website today - At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. ... Growth in the global economy is continuing at a moderate pace. Chinas growth remains generally in line with policymakers objectives, with weakening property markets a challenge in the near term. Commodity prices in historical terms remain high, but some of those important to Australia have declined this year. Financial conditions overall remain very accommodative. Long-term interest rates and risk spreads remain very low. Volatility in many financial prices is currently unusually low. Markets appear to be attaching a very low probability to any rise in global interest rates or other adverse event over the period ahead. Interest rates are very low and have continued to edge lower over recent months as competition to lend has increased. Investors continue to look for higher returns in response to low rates on safe instruments. Credit growth has picked up a little, including most recently to businesses. The increase in dwelling prices continues. Looking ahead, continued accommodative monetary policy should provide support to demand and help growth to strengthen over time. Inflation is expected to be consistent with the 23 per cent target over the next two years. In the Boards judgement, monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent course is likely to be a period of stability in interest rates.

13.01.2022 Great news with the Reserve Bank lowering interest rates today! The reduction in rates is to further encourage household spending which will in turn support small business investment. " Statement by Glenn Stevens, Governor: Monetary Policy Decision ... At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015." Look out for announcements from lender in the next few days to see what the new rate will look like at your bank. If you need to review your current home loan based on any changes to your circumstances, or your interest rate queries, please call me on 0411 383 911 to arrange this.

12.01.2022 As predicted by many, the Reserve Bank left interest rates on hold again today, the 16th month in a row. Here are some snippets from their official release which shows what factors are taken into consideration. At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. In Australia, most data are consistent with moderate growth in the economy. Resources sector investment spending is starting to decline significantly, while some other areas of p...rivate demand are seeing expansion, at varying rates. Public spending is scheduled to be subdued. Overall, the Bank still expects growth to be a little below trend for the next several quarters. Inflation is running between 2 and 3 per cent, as expected, with recent data confirming subdued rises in labour costs. Although some forward indicators of employment have been firming this year, the unemployment rate has edged higher. The labour market has a degree of spare capacity and it will probably be some time yet before unemployment declines consistently. Hence, growth in wages is expected to remain relatively modest over the period ahead, which should keep inflation consistent with the target even with lower levels of the exchange rate.

12.01.2022 Keep an eye / ear out tomorrow to see what the Reserve Bank does with interest rates at their first meeting for 2015. There is a lot of speculation about what they will do so it will be interesting.

11.01.2022 Challenges are always going to be there for us....

11.01.2022 Hump day people!

10.01.2022 Sometimes we work better when faced with adversity or have our own unique situation.... "A jobless man applied for the position of office boy at Microsoft. The HR manager interviewed him, then gave him a test: clean the floor. The man passed the test with flying colours.... "You are hired," HR manager informed the applicant, "give me your e-mail address, and Ill send you the application for employment, as well as the date you should report for work. The man replied " I dont have a computer, or an email!" "Im sorry," said the HR manager. "If you dont have an email, that means you do not exist. And we cannot hire persons who do not exist." The man was very disappointed. He didnt know what to do. He only had $10 with him. Once that is spent, he wont have any money to buy any food. He went to the supermarket and bought a crate of tomatoes with his $10. He went from door to door and sold the tomatoes in less than two hours. He doubled his money. He repeated the operation three times, and returned home with $60. He realized that he can survive this way. He started to go everyday earlier, and return late. He doubled or tripled his money every day. Soon, he bought a cart, then a truck. In a very short time, he had his own fleet of delivery vehicles. Five years later, the man became one of the biggest food retailers in the U. S. He started to plan his familys future, and decided to have a life insurance. He called an insurance broker, and chose a protection plan. At the end of the conversation, the broker asked him for his email address. The man replied: I dont have an email. The broker was dumbfounded. "You dont have an email, and yet have succeeded in building an empire. Can you imagine what you could have been if you had an email?," he exclaimed. The man thought for a while, and replied, "an office boy at Microsoft!" If you just lost your Job or Just failed an Interview Dont worry be Optimistic..... Good days are on the way and something better is reserved for you."

10.01.2022 Interesting snippets from an article by Craig James the senior economist at Commsec who is normally pretty spot on with his predictions about rates. He didnt predict this one however the comments are worth a read regardless. "The Reserve Bank is unlikely to stop at just one rate cut this year, despite the risks of super-low interest rates on the economy, according to a leading economist. At its first board meeting of the 2015-year yesterday, the central bank weighed up... the options and concluded that the best decision was to cut rates to a new record low of 2.25%. For the past 18 months, the cash rate has been held at a 54-year low of 2.5%. Despite the rate cut decision being a risky one, Craig James, chief economist at CommSec, says there is a possibility of seeing a 1 in front of the cash rate if the Reserve Bank is worried about sluggish economic growth. Is the decision risky? Yes, but the RBA believe that it is a risk worth taking with inflation low and the economy growing at a below-normal pace. The risks lie very much in the housing sector as another rate cut will further boost demand for homes and drive up prices, he said. [I]f the Reserve Bank wants to generate greater growth, it is unlikely to stop at just one rate cut. So the cash rate could very well have a 1 in front at some point in 2015. James who previously stood strong on his forecast of cash rate stability throughout 2015 believes the RBA may have paved a rocky path. According to James, there were good reasons to suggest that the central bank could have been more patient and stayed on the interest rate sidelines to minimise this risk. Again super-low interest rates are risky. Not only could they attract more marginal borrowers into property investment, but if the experiment of super-low rates doesnt work, then there will be less firepower available should a real global crisis develop over the next few years, he said. Still, at the end of the day, the only tool in the Reserve Bank kit bag is interest rates. The only other quasi-tool available is so-called open mouth operations constantly encouraging businesses and consumers to spend, invest and employ. Another risk in cutting interest rates is that it could have perverse effects. If consumers and businesses worry that rates are too low and that rate cuts wont work in boosting growth, then confidence and spending will both decline.

09.01.2022 Again the Reserve Bank has left interest rates on hold at 2%. Comments from the Governor Glenn Stevens - "The Federal Reserve is expected to start increasing its policy rate over the period ahead, but some other major central banks are continuing to ease policy. Equity markets have been considerably more volatile of late, associated with developments in China, though other financial markets have been relatively stable. Long-term borrowing rates for most sovereigns and cred...itworthy private borrowers remain remarkably low. Overall, global financial conditions remain very accommodative. In such circumstances, monetary policy needs to be accommodative. Low interest rates are acting to support borrowing and spending. Credit is recording moderate growth overall, with growth in lending to the housing market broadly steady over recent months. Dwelling prices continue to rise strongly in Sydney, though trends have been more varied in a number of other cities. The Bank is working with other regulators to assess and contain risks that may arise from the housing market. In other asset markets, prices for commercial property have been supported by lower long-term interest rates, while equity prices have moved lower and been more volatile recently, in parallel with developments in global markets. The Australian dollar is adjusting to the significant declines in key commodity prices. " As always any concerns about your current home or investment loan position, please call me to discuss on 0411 383 911.

08.01.2022 Are you thinking about any changes in your life at the moment....

08.01.2022 Wishing all of my family, my clients and their families and friends a very Merry Christmas and a safe and Happy New Year. Take the time to relax and enjoy this festive season and get ready for a fantastic 2015!

08.01.2022 Interesting Article http://www.mortgageandfinancehelp.com.au/how-to-negotiate-t

07.01.2022 It's Wednesday !

06.01.2022 A clear picture to help understand last nights 2015 budget from our friends at Bravien Financial

06.01.2022 One for us oldies today!

05.01.2022 Comments from a respected economist Craig James about the current Reserve Bank interest rate status. The Reserve Banks decision to leave the cash rate untouched yesterday could be sending a message that interest rates have bottomed. Since November 2011, the central bank has made 10 cuts to the official interest rate, bringing it to a historic low of 2% in May. However, after the boards decision to keep the cash rate on hold yesterday, some economists are asking whether las...t month may have been the last cut for the current monetary policy easing cycle. Borrowers have even more reason to question whether rates have bottomed, Craig James, chief economist of CommSec said. Despite some weak investment data (albeit old data, predating the May rate cut and budget stimulus) the Reserve Bank has decided against providing an explicit interest rate bias or leaning. The hope is that businesses will now start to embrace the stimulus on offer, fearing that if they dont, they will miss out on super-low rates. In the latest monthly Reserve Bank survey conducted by finder.com.au, almost two in three (62%) expect that the central bank will keep rates on hold for the rest of the year. After that, just over two in three (68%) are expecting the cash rate to start rising next year. Michael Witts, treasurer at ING Direct believes that while the economy still needs accommodative monetary policy, rates are more likely to hold steady than drop further. We believe the Australian economy will continue to benefit from a low interest rate environment and accommodative monetary policy. It appears likely that there will be an extended period of steady rates which should contribute to further strengthening business and consumer confidence. An increase in interest rates appears some way in the future and then it is likely to be a gradual drawn out process, with the likely peak in rates well below peaks of previous rate cycles. Consumers are also questioning whether interest rates have bottomed out. A study of more than 1,100 Australians who have recently purchased a property or planning to buy in the near future, compiled by finder.com.au, found more than half of borrowers (56%) are concerned about rising interest rates 33% more borrowers than last year. Almost one in three (28%) of borrowers or those planning to buy a property are choosing to fix their home loan, while one in four (25%) are choosing to split their loan with part fixed and part variable. The Reserve Bank itself has chosen not to declare its interest rate preferences in its statement of monetary policy, however. On cutting rates in May, the central bank decided against providing any guidance on the next move. That was part of a clear strategy to stop borrowers sitting on the sidelines in the hope that rates would fall even lower. The lack of interest rate bias the neutral stance is again a feature of the June statement.

05.01.2022 http://www.afr.com//funding-timebomb-set-for-property-inve#

05.01.2022 "At its meeting today, the Board decided to leave the cash rate unchanged at 2.25 per cent. At todays meeting the Board judged that, having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being. Further easing of policy may be appropriate over the period ahead, in order to foster sustainable growth in demand and inflation consistent with the target. The Board will further assess the case for such action at forthco...ming meetings. " Interesting news and could hold the possibility for further cuts. Keep an eye out for any changes from banks in the meantime. If you havent reviewed your loan for some time, or are looking at buying or selling a property, please call me to review your current position on 0411 383 911 or email [email protected]

04.01.2022 Interesting article out of The Canberra TImes today. http://www.canberratimes.com.au//cba-pushes-out-rate-rise-

03.01.2022 Everyone has their own motivation for success.... What is yours?

03.01.2022 Too many queries about this lately so thought I would share where you can get information about scams from callers either in or outside of Australia. Use this website to prepare yourself as well as let others know who may become vulnerable to such a scam. https://www.moneysmart.gov.au/scams/other-scams