Robert Barto in Epping, Victoria, Australia | Property

Robert Barto

Locality: Epping, Victoria, Australia

Phone: +61 439 853 099

Address: 733-735 High St 3076 Epping, VIC, Australia

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24.01.2022 Refinancing or consolidating debts gives you the freedom to find the best deal. If youre worried about repayments on existing debts, dont just keep peddling in the hope you come out the other side on top. Refinancing, or consolidating debts can often bring everything together into one lower and more manageable repayment. Contact me to find out more.

24.01.2022 RATE NEWS The Reserve Bank of Australia has announced its first cash rate decision of the new year. The rate has been kept on hold at its current record low of 0.75%, where it has sat since October 2019. ... Following the release of the most recent data which showed a lowered unemployment rate and an uptick in the inflation rate, the outcome of todays meeting was generally expected.

23.01.2022 RATE NEWS The central bank has pulled its emergency lever, pre-emptively cutting the cash rate to a historic low in response to the economic fallout from the coronavirus pandemic. Following an emergency meeting held today (Thursday, 19 March), the Reserve Bank of Australias (RBA) monetary policy board has decided to cut the official cash rate to a new record low of 0.25 per cent and commence quantitative easing (QE).... The announcement has been made two weeks ahead of its monthly board meeting scheduled for 7 April to counter the growing economic risks associated with the coronavirus (COVID-19) outbreak.

22.01.2022 Find out how Liberty can help you get financial. Contact me today! https://vimeo.com/192080622 Have a great day!

22.01.2022 Good news for home buyers.

21.01.2022 The end of the financial year is the best time to take stock and finally get on top of your finances. 07 July 2016 Its finally here the new financial year. No doubt the last one probably flew past too quickly, and half the things you wanted to achieve just didnt eventuate. Too often this is the case for many Australians, especially when it comes to sorting out finances. So, to ensure this new financial year is the year you truly do get on top of bills, savings and debt, h...ere are six tips that will get you greater financial control. Teach yourself to love your budget. The hardest thing about setting a budget is sticking to it for the rest of the year. It takes discipline and commitment but once the real benefits of having a budget start to materialise many people start to love being budget conscious. If you tell yourself youre a budget person, and start to believe it, managing money becomes so much easier. Prioritise bills. When a bill arrives in the mail, dont throw it in a drawer, or stick it on the fridge and do nothing about it. Bills dont go away; in fact if they are ignored for too long they can cause bigger issues. Plus there are often extra charges for missed bill payments and this hits the back pocket even harder. So, dont stare endlessly at bills wondering how youre going to pay them off. Create a spreadsheet that tracks each monthly bill and put money aside to cover the costs so they can be paid the second they land in the mail. Stop putting everything on plastic. In fact, try using cash instead. The theory goes that withdrawing weekly spending money from an ATM to use when shopping, eating out or socialising with friends will help you stick to a weekly budget. And it works. If youre really feeling up for it try leaving your plastic cards at home altogether. That way when the money runs out, it actually runs out. Find a free financial planning tool. There are a range of free financial tools available online and they can really help. Whether its a template in Excel, or a smartphone app find one that best suits you. Financial planners map out income, expenses, savings goals and disposable income and then help you to spend less than you earn something many people struggle with. Make the most of auto payments and direct debits. Technology can really help keep on top of bills and savings. Talk to your utility providers about setting up direct debits so a bill is never missed. Then create a savings account and have regular payments deposited into it. Even if its $25 dollars a week it will all add up over time. Find a finance buddy. Its easier to do things when theres someone else doing it as well. So, find a buddy to bring along on the journey. Meet with them once a month to talk about how youre going and share tips. Maybe even get a little competitive - if thats what it takes to help you get in better financial shape.

21.01.2022 Earlier today the Australian Prudential Regulation Authority (APRA) issued a letter to all authorised deposit-taking institutions (ADI) regarding consultation on revisions to prudential practice guide APG 223 residential mortgage lending. While that may not mean very much to readers specifically the letter relates to APRAs requirement for lenders to assess a mortgage on the ability of the borrower to repay at a mortgage rate greater than 7%. By way of background, in December...Continue reading

20.01.2022 Three things to look for when buying an investment property. Buying an investment property is a big deal and any purchase decision shouldnt be taken lightly. So, here are our top three tips on what to look for when making that all important investment purchase. Focus on the return... Before you buy an investment property, think about everything that could affect your return - both at the end of each year, but also when you sell it down the track. You obviously want to buy a property that appreciates over time, but more importantly ensure it doesnt put strain on your cash flow month-to-month. Getting this right will come down to the price you pay for the property, the rental income it can generate, any added costs such as body corporate fees or landlord insurance, and then any tax incentives like negative gearing. Dont make concessions on the quality of the building Knowing the property is in good condition is not only important for making the building look good for when you rent it out it also means youll pay less in maintenance over the years. Outside of repayments, maintenance is one of the biggest costs for a landlord so if you need to replace the roof, or replaster the walls in the first few years it can set you back. Its important there are very few surprises in the first couple of years of managing an investment property, so do all the required checks to limit the surprises. Think long-term Any investment in property is a long-term commitment, so dont buy assuming youll make quick capital gains in just a couple of months or years. The market can fluctuate, and often runs in cycles so when you buy think a long-term strategy. The long-term approach has a number of benefits. It gives the investor time to study the market and sell at a time that suits them it also removes the short-term pressures of buying and selling in a short space of time. It can also be lower risk, allowing the owner more time to make the most of tax incentives and means a property manager can be appointed to ensure the investment is as hands-off as possible for the owner.

19.01.2022 Interest Rate News. The central bank has announced its cash rate verdict for the month of August following its monetary policy board meeting. The Reserve Bank of Australia (RBA) has held the official cash rate at 1 per cent, as predicted by most market analysts.

17.01.2022 The world might have changed, but I am still here for you. Whether youre looking to free up your cash flow, consolidate debt or just need some money for a rainy day, I can help you find a great PERSONAL loan or HOME loan for your needs. https://j.mp/2WP6tRL #FreeThinking #GetFinancial

17.01.2022 RATES NEWS The Reserve Bank has lowered the official cash rate to a historic low, marking the third cut in five months. The Reserve Bank of Australia (RBA) has announced that it has reduced the official cash rate to a new record low of 0.75 per cent.... The cash rate has now been slashed by a cumulative 75bps over the past five months, with the RBA also lowering rates in June and July. The central bank has maintained that the monetary policy stimulus is aimed at supporting jobs growth and ensuring that the inflation rate closer to the RBAs medium-term target of 2 to 3 per cent. Market observers were anticipating the RBAs decision in light of recent interest rate cuts from its foreign counterparts in the US and Europe.

15.01.2022 Finance newsflash

15.01.2022 RATE NEWS The central bank has announced its monetary policy decision for the month of November. The Reserve Bank of Australias (RBA) monetary policy board has held the official cash rate at 0.75 per cent, in line with market expectations.

13.01.2022 Buying your first home could get a whole lot easier! Subject to Victorian Parliament approval, as of 1 July 2017, first home owners could receive $20,000 towards any NEW home built in regional Victoria, valued up to $750,000. Stamp duty for first home buyers purchasing homes under $600,000 will also be abolished under the proposed initiatives. For more on how the proposed changes could benefit you, call Robert today on 0439 853 099.

12.01.2022 Are you having issues getting a Home Loan? Previous bad credit, short term employment, discharged bankruptcy or low doc loans, I can help. Contact me today http://bit.ly/2qffu55

11.01.2022 The Australian Banking Association (ABA) has made official its approach to credit reporting through the COVID-19 crisis, with the primary driver of its decision being alleviating stress for Australian customers. Borrowers who are granted a six-month deferral on loan repayments will not have their credit rating affected as a result of the holiday, so long as they were up to date with repayments prior to the economic impact of COVID-19. If a customer is granted a deferral on their mortgage and other credit products because of COVID-19, banks will report customers as not having missed a repayment, provided they were all up to date when granted relief.

08.01.2022 Rate News Flash The central bank has lowered the official cash rate for the second consecutive month, with attention now turning to the response from Australias mortgage market. The Reserve Bank of Australia (RBA) has cut the official cash rate to a new record low of 1 per cent, in line with the expectations of most industry pundits.

07.01.2022 RATE NEWS The Reserve Bank of Australia (RBA) has just announced the December cash rate, acting in accordance with market expectations and holding at the current record low of 0.75%.

07.01.2022 The world might have changed, but I am still here for you. Whether you’re looking to free up your cash flow, consolidate debt or just need some money for a rainy day, I can help you find a great PERSONAL loan or HOME loan for your needs. https://j.mp/2WP6tRL #FreeThinking #GetFinancial

07.01.2022 Finding the right finance is what I do best. I can help with Home Loans, Car Loans, SMSF Loans and Commercial Loans. See how easy finance can be! Contact me now http://bit.ly/1MQO5uY

05.01.2022 Help for first home buyers What the governments First Home Loan Deposit Scheme means for you. 15 July 2019 The government has announced a new policy to help first home buyers enter the property market. But what does it really mean?... What is it? The First Home Loan Deposit Scheme will allow eligible borrowers who have saved a 5% deposit to get a loan without paying lenders mortgage insurance (LMI). While some lenders already offer 95% LVR home loans, you typically need to pay LMI if your deposit is less than 20% of the propertys value. So, how can you get involved? Who is eligible? Initially, access to the scheme will be limited to 10,000 first home buyers with a 5% deposit. Use of the scheme will also be limited to properties in certain regions, which are yet to be defined. Singles must earn under $125,000 and couples combined earnings must be less than $200,000 per year. How much can I save? The amount you could save by avoiding LMI depends on the size of your deposit and how much you borrow. For example, if you buy a home worth $500,000 with a deposit of 5%, your LMI will typically cost around $16,000. However, buying a home for $700,000 with a 5% deposit could bring your LMI cost up to $30,000. Its worth keeping in mind that some lenders, like Liberty, can build the LMI into your home loan, so you can repay it over time. This means there are still options for people with low deposits even if they dont meet the criteria of the new scheme. More to come The scheme will come into effect from 1 January 2020 and rollout details are yet to be confirmed. For more information on first home buyer and low-deposit home loans feel free to contact me.

04.01.2022 This photo was spotted below in todays AFR with Melbourne being at the bottom of the property cycle. Maybe of interest

04.01.2022 With a number of benefits, why is positive gearing overlooked by so many property investors? Most investors would be familiar with the concept of negative gearing. Indeed, the RBA reported in February 2016 that two-thirds of all investment properties were negatively geared. But what about positively gearing a property why is that less popular?...Continue reading

03.01.2022 RATE NEWS The central bank has pulled its monetary policy lever for the fourth time in less than a year amid growing instability in domestic and global markets. The Reserve Bank of Australia (RBA) has lowered the official cash rate by 25 bps from 0.75 per cent to 0.5 per cent marking the fourth cut since June 2019 when the easing cycle commenced.

03.01.2022 The state of a credit file is crucial when applying for finance so why is it that so few Australians know how their credit stacks up? 6 July 2016 In todays digitally driven world, consumer choices are heavily impacted by ratings. They are used to decide the best restaurants, television programs and hotels. Similarly, lenders rely on a rating system, or credit file, to help assess a borrowers suitability for a loan. Having poor credit can make it more difficult to be appro...ved for finance, yet very few Australians actually know their full financial history or how this could impact their future. Here are the top reasons why every person should check their credit file: 1. If the credit file isnt great, plan around it. Having a bad poor credit file will heavily reduce a borrowers options when applying for finance. In fact, the strict assessment criteria of many traditional lenders will mean they simply wont consider an applicant with a history of bad credit file. Viewing your own personal credit file before applying for finance, allows those borrowers who have poor credit to source a more flexible lender from the get-go. This avoids unnecessary hits (notations made by each lender with whom a creditn application is made) on the credit file which might further deteriorate the credit score. 2. Wait before applying for future finance. Knowing the cause of poor credit history might mean it makes sense to delay any application for finance. Credit enquiries, defaults, clear-outs and court judgements remain on a persons credit file for five years. If a borrower has a default listed on their credit file that is due to drop-off in three months, then it might be worthwhile making the application after the default has been removed. 3. To ensure there are no mistakes on the credit file. Lets be honest sometimes mistakes happen. In fact, the Office of the Australian Information Commissioner reported in 2013 that 30 per cent of credit files have an error on them, from little mistakes such as incorrect name data right through to false records of unpaid defaults. So, its a good idea to regularly check a credit file to ensure there are no mistakes. How can you access your credit file? Finding out whats in a credit file is easy, anyone can go online and will be provided with a record of their financial history including applications made with credit providers and any defaults. There is usually a cost associated however some agencies will provide a basic overview for free. Unlike when lenders look into a credit file, if a borrower requests to see this information it does not appear on the file as a hit or impact their chances of receiving approval for finance.

03.01.2022 RATE NEWS Following its July meeting held this afternoon, the Reserve Bank of Australia (RBA) has kept the official cash rate on hold at 0.25% as was widely expected.

03.01.2022 Selling a car can be stressful especially if you want to get a good price but have no experience in sales. To make the process as simple and easy as possible here is our pre-sale checklist. 1. Get it inspected Some states require you to obtain a Certification of Roadworthiness before a vehicle is sold. Regardless, its a good idea to make sure the vehicle is in the right condition before you sell it. Even if there is minor damage, a buyer will have a lot less negotiating ...Continue reading

02.01.2022 Weve backed a winner! Proud to announce that Liberty is a new sponsor of the Melbourne Renegades for the upcoming #WBBL05 season! Best of luck to the team hit em for six! #GetOnRed #FreeThinking #GadesGetFinancial

02.01.2022 What is lenders mortgage insurance What it is and why its charged on some loans. 23 May 2017 Theres a lot of confusion surrounding lenders mortgage insurance and who it actually benefits. A common misconception is that it protects borrowers, should they be unable to meet their mortgage repayments. However, theres actually more to it than this. So to help dispel the myths, weve pulled together some of the more frequently asked questions on this topic.... What is lenders mortgage insurance? Lenders mortgage insurance, also commonly referred to as LMI, protects lenders in the event that a borrower defaults on a loan and the property sale proceeds are not sufficient to recover the outstanding loan balance and associated costs. By having LMI in place, lenders are then able to make the loan available at lower rates. Who pays? Although LMI protects the lender, it is the borrower who bears the cost. LMI is payable on settlement of the loan as a one-off premium. However, many lenders allow borrowers the option of adding the LMI premium to the loan amount in order to help reduce the upfront costs associated with purchasing property. Its important to understand that by capitalising the premium into the loan amount this way, you will be paying interest on the premium amount for the duration of the loan term. How much will this cost me? The cost of LMI will depend on a number of factors including the size of your deposit, the amount youre looking to borrow and the purpose of the property (whether its an investment or not). But as a rule of thumb, the larger your loan size and the lower your deposit, the more you will pay. Is LMI payable on every loan? No. Typically LMI is only payable when the deposit is less than 20% of the purchase price but this may vary depending on the lender. If youre unsure about your finance options and whether youll need to pay LMI on your next property purchase, please speak to me. Whose responsibility is it to arrange LMI? Applying for LMI is the responsibility of your lender, so you wont need to organise this. Your lender will check you meet the insurers policy criteria and will handle the LMI application at the time of assessing your loan. More often than not, this process occurs in the background with little involvement required by the borrower. Where can I find out more information? To find out more information about your borrowing options or LMI please get in contact me.

01.01.2022 RATES NEWS. The Reserve Bank has revealed its cash rate verdict for September, following its monthly board meeting. The Reserve Bank of Australia (RBA) has held the official cash rate at 1 per cent, in line with market expectations.... Analysts are expecting the RBA to hold off on further cuts until the end of the year, as it monitors the impact of its back-to-back reductions in June and July.

01.01.2022 What you should know about sub-dividing. Before sub-dividing a property, land owners should consider the costs, any council restrictions and - most importantly - how they fund the project. Over the last 50 years the great Australian dream of owning a house with a big backyard has abated somewhat to the convenience of living close to the city. Were now paying more money for less land but faster commute times. According to the Urban Development Institute of Australia the ave...Continue reading

01.01.2022 It can be tempting to spend your tax return on a holiday or shopping spree but have you thought about how much youd save it you put it on your mortgage? Tax time can be both exhausting and rewarding. On one hand youve got to sift through hundreds of receipts and bills, working out what you can and cant claim. On the other hand, many Australians receive a rebate so there is a reward to all the hard work. Having a little windfall of cash every July can really help get on...Continue reading

01.01.2022 LOOKING for PROPERTY? If you require any further information please contact me.