Bower & Co. Advisory in Melbourne, Victoria, Australia | Property

Bower & Co. Advisory

Locality: Melbourne, Victoria, Australia

Phone: +61 1300 001 801

Address: Level 5, 171 Collins Street 3000 Melbourne, VIC, Australia

Website: http://www.bowerco.com.au

Likes: 659

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• Property
• Mortgage brokers

25.01.2022 It was done in an attempt to reduce what were perceived to be growing risks stemming from an increasing number of borrowers not paying down the principal on their mortgage debt.

25.01.2022 Here is an article I wrote for Reach Markets.

24.01.2022 https://thenewdaily.com.au//mortgage-brokers-commissi/amp/

24.01.2022 Our brand new offices.... And dont believe the gossip columnists!

24.01.2022 Batten down the hatches! - https://mailchi.mp/bowerco.com.au/batten-down-the-hatches

23.01.2022 Coffee with Karl - Episode 7 : Improving your employment and recruitment prospects - Roland Youakim Roland is the owner of Platinum People Group, a recruitment company that specialise in the recruitment of mortgage industry professionals. Today hes letting us in on what you can do to ensure you get noticed as a candidate and also what employers should be focusing on when looking to grow their business with new staff.

23.01.2022 Please watch, like and share this video along with the campaign details below. This campaign is all about you! If competition is reduced your biggest life time ...expense, a home loan, will go up. Our industry body, Mortgage & Finance Association of Australia (MFAA) has done a great job in making it easy for you to support competition after the Royal Commission into Banking misconduct sent Bank share prices through the roof, even after all of the horrific stories we heard. Something is very wrong with that. Go to www.brokerbehindyou.com.au and spend less than 30 seconds to get a message to your local Politician.

20.01.2022 Important information about the changing world of credit reporting and how it impacts your world.

18.01.2022 With so much change in the lending industry over the past 2 years there has been plenty of commentary and contrary thoughts on where the property market is heading. This article presents a balanced view that is worth a read!

16.01.2022 Some very worthy commentary following CBAs CEO appearing at the Royal Commission and publicly stating that he thinks Australians should pay $2300 to apply for a home loan. After years of shocking abuses of power and breaking the law, which led to the RC in the first place, we are supposed to believe that this will result in better consumer outcomes. He is completely disconnected from his customers and his own staff, and yesterdays lengthy admissions show he (and other major ...Banks) are seeking to use the RC to eliminate their competition (starting with Mortgage Brokers). After the GFC 10 years ago, unfortunately the financial services industry in Australia is still in a sad state of affairs and Governments are still easily manipulated by huge corporate institutions. If I have helped you with any financial requirements in the past or if you have used the services of a broker and you were happy, please help our industry (made up of hardworking small business owners, not millionaire Bank CEOs) by making a short statement on social media (Facebook, Twitter, Instagram) about your experience. It does not need to mention me or my business name, just something along the lines of I used a Mortgage Broker and... I would be extremely grateful. Please also sign off with the following hashtags. #brokersworkforyou #royalcommission #dontgivethebanksafreekick

16.01.2022 APRA just removed their floor limit for home loan serviceability assessments (previously 7.00%) so Lenders are free to set their own risk policy around this. It will be very interesting to see where it lands. Could be a massive increase in lending capacity for borrowers if they stick to the historical 2.00% - 2.50% above the standard variable rates. Huge decreases in fixed home loan rates and falling variable rates everywhere too. Potential uptick in property prices coming again?

16.01.2022 ***Breaking news***

16.01.2022 It is extraordinarily bad form for a lender to remove access to redraw (extra payments made to the loan above the minimum contracted repayments) without notifying them. Especially in such difficult times for their customers. Ive never seen this in my 24 years in the industry and Im already reading commentary from colleagues with clients who are unable to repay parents who were kind enough to sit a large sum of cash in their home loan to reduce the interest costs (this would have been available to withdraw via redraw at any time). Based on ME Banks decision its never been more important to ensure you have the correct lending structure in place. If you have surplus cash in your home loan consider utilizing an offset account instead of redraw.

15.01.2022 Some positive Friday news!

14.01.2022 Our brand new offices.... And don’t believe the gossip columnists!

14.01.2022 Australia in the future wont look the same," he said. "It wont look the same because it will impact a whole generation of our customers, the way they think about technology, the way they think about borrowing, the way they think about employment, the way they think about frankly the capitalist system and democracy."

14.01.2022 Your credit score is changing! Watch to find out how. The government has introduced new laws requiring Australian lenders to add information to your credit file. Its never been more important to understand your credit score and how you look to potential lenders. At the end of the video I also mention a great credit file monitoring service offered by Equifax which I believe is well worth considering in an age of increasing identity theft and fraud.

14.01.2022 Ruth is a Director at Woodards Real Estate. She is one of the best performing agents in Australia and one of the few leading female Auctioneers. She has decades of experience and she has been kind enough to join us today and provide some solid gold tips for our viewers.

14.01.2022 BOOK REVIEW : As a person with many half read (and not yet read) books on the shelf, listening to them is a great option and good for the brain. Ive just trialed Audible and it seems to work well. This book is excellent. Ive always believed that life is about attitude and understanding and its how we react to adversity that defines our character. David Goggins life story is about this ethos and much more. If youre seeking inspiration or just want to to shake your head in... disbelief as to what a human body can endure, then listening to, or reading this, will be time well spent. Ultra-marathon anyone?

13.01.2022 Rebeka owns BuildHer Collective. She is a registered builder and she has completed many brilliant projects in Melbournes inner north, some of which have won awards and featured in property magazines due to their quality. Her business focuses on helping women to renovate or build their dream family home and today she is sharing some of her extensive construction knowledge with us.

11.01.2022 The impact of changing responsible lending laws should not be underestimated, particularly when assessing living expenses. This article provides an interesting perspective on an important aspect of the Royal Commission!

10.01.2022 PLEDGE YOUR SUPPORT FOR BROKERS HERE: https://www.choicematters.com.au/ #keepcompetionalive #choicematters #brokersworkforyou #findafairerdeal

10.01.2022 Introducing our new studio / office / luxury retreat... and an update from Bower & Co #workingfromhome

10.01.2022 Lowest rates in history. Is it time to review your home loan? - https://mailchi.mp//lowest-rates-in-history-is-it-time-to-

10.01.2022 Coffee with Karl - Episode 8 : Avoid Bank Paperwork Delays - Our Top 3 Tips - Paul Hankin Paul has been with Bower & Co for 3 years. He is our Client Services Manager and with a long career in banking and financial services he has many tips for getting a loan application through in a timely manner. Here are 3 great ones!

09.01.2022 This is a great show about the origins of the wealth divide and the financial system were all a part of. Its inequality by design and its pretty shameful. http://iview.abc.net.au/pro/super-rich-and-us/ZW0292A001S00

09.01.2022 Darren has 20 years experience as a business owner. He is a Chartered Accountant, he has built and sold very successful businesses and now, as Managing Director of Business Influence, he is focused on helping business owners get to their desired next level. Darren has helped me personally over many years and I know he delivers some excellent tips in this video. Enjoy!

08.01.2022 Interesting data on the slowing property growth of most major cities however Geelong, Ballarat and other regional locations across Australia continue to perform strongly. If you need any property or suburb statistics data from Core Logic (Australias largest property data company) you dont need to pay for it as we can access it for our clients at no cost.

07.01.2022 Interesting call on Bitcoin.

06.01.2022 The dot matrix linked to my Commodore 64 was pretty impressive but this....

06.01.2022 The Mortgage & Finance Assoc of Australia are currently running these adds promoting the value that brokers provide consumers. #findafairerdeal #yourbrokerbehindyou https://www.youtube.com/watch?v=Q61UIA3co7g

04.01.2022 A great (short) read on the importance of structuring property transactions correctly. This is a particularly important article for developers and anyone nominating other parties as the legal owner before settlement (commonly referred to and/or nominee).

04.01.2022 My response to the RC. Im thinking of writing a book. How to play a Royal Commission for Dummies : Step 1. Finally realize the public has zero trust in your business and that the gravy train is a chance to derail unless you get on the front foot.... Step 2. Approach the Government to request a Royal Commission after decades of billion dollar profits, exorbitant executive bonuses and ofcourse, the catalyst, serious criminal negligence. Step 3. Work out who your real competition is and where major, uncontrolled cost centres are located within your business. Develop strategies to undermine the competition during testimony (under oath) as your inability to win against them in a free market has been proven over 3 decades. Step 4. Hope the Royal Commission does not call, or persuade them not to call, a single representative of the competition you are seeking to eradicate, to give evidence during the entire 6 months of hearings. Step 5. Subtly provide misinformation about competition remuneration (which you pay) and their value proposition, including ongoing service to their clients. Ensure this is delivered among other more important testimony but that it provides enough incentive for the Commissioner to address this in his recommendations. Aim for a small number of recommendations (3 out of 76 would be perfect) but they should result in maximum negative impact to competition. Ideally they will decimate their industry. All testimony to be given whilst appearing extremely contrite. Prepare properly, engage the countrys best Lawyers and acting coaches. Step 6. Important: Ensure you are alone when the final report is released so you are free to smile and be giddy without judgement. Step 7. Attend celebratory lunch with other Bank CEOs and continue your weekly tradition of drinking Grange and smoking cigars. Bask in the knowledge that your gravy train is back on track, fully serviced and ready for another long haul. You now have 60% of the trillion dollar mortgage industry back in your hands and you didnt have to pay for it. You talked a Lawyer into gift wrapping it for you. Laugh at the suggestion of criminal convictions and watch your Banks share price, along with your linked executive bonuses, increase. Step 8. You have now mastered deflection and manipulation so by the time any Government and the general public realize that dramatically reduced competition means higher interest rates and profit margins for you, along with absolute dominance by your Bank and its 3 mates, you will be years out of the CEO role and free to consult to the next executive targets of a Royal Commission into Banking misconduct. Expect this to be in approximately 10 years and long after your competition (made up 20,000 small businesses that employ approximately 35,000 people) has moved on.

04.01.2022 The Open Banking regime is here and its going to shake things up!

03.01.2022 The property market appears to be turning. Positive signs across Australia in the below report. Exits from home loan repayment deferrals also exceeded deferral arrangement entries for the second month in a row. Based on the performance of the other capital cities, Melbourne could be set to bounce when the market reopens properly. Sunscreen and water could be mandatory at open for inspections and auctions this selling season! #hotauctions #property #homeloans

03.01.2022 Some more of the highest quality content from Seth Godin!