Managing Director at Onyx Finance
Paul has spent the last 25 years providing professional services to small businesses, organisations and individuals in the areas of finance, business services and information technology. He has qualifications in mortgage consulting, financial planning and science. Paul is a member of the Mortgage Finance Association of Australia and an Accredited Mortgage Consultant. Paul has primary responsibility to arranging finance for Onyx clients and managing the professional services delivery of the company. Paul is valued by Onyx clients for his finance strategy advice.
Self managed superannuation fund (SMSF) investment in property is attracting a huge amount of interest BUT many people don’t take advantage of the opportunity because it seems a bit complicated. That’s because SMSF investment in direct property needs a specific structure when borrowing from the bank, which includes a Bare Trust. In this video you’ll [...]
In our discussions with clients and as reported in recent research (Russell Investments: Initimate with Self-managed superannuation, The Second annual study of self-managed superannuation funds, 2012) the move to self-managed superannuation appears to be driven at least in part by a perceived lack of performance of institution superannuation and an associated desire for greater personal [...]
The RBA’s recently announced drop in the cash rate of 25 basis points has seen the major banks slow to pass on the rate cut to their customers, arousing a not atypical level of ire from mortgage holders. None of the majors has decided to pass on the rate cut in full, with ANZ, NAB and Commonwealth dropping [...]
The Reserve Bank’s announcement of a rate cut of 25 basis points came as welcome news to property investors yesterday. The RBA’s rate is now sitting at 3.25%, its lowest since October 2009. This should have an immediate impact on home owners and property investors, who will see an average $50 drop in weekly loan [...]
The Federal Government’s Budget 2012 announcement has the National Rental Affordability Scheme (NRAS) on a steady-as-she-goes course. After last year’s budget significantly adjusted the timing of the roll out of NRAS properties, this year’s budget reaffirms the Gillard Government’s commitment to NRAS. The Minister for Housing, Brendan O’Connor, states: “We will continue to support the $4.5 billion National [...]
Thousands of potential property owners are missing out on a Government ‘Second Home Owners Grant’ worth up to 15 times the First Home Owners Grant because the media have ignored it, and the Government has failed to promote it. Property expert and author Ruby Janssen estimates an incentive she has dubbed the ‘Second Home Owners [...]
Warren Buffet once said “Be fearful when others are greedy and greedy when others are fearful,” and now is exactly the right time to be listening to the advice of the world’s third wealthiest man. Perhaps we should be thanking the US government and S&P for the treasury bond rating downgrade, because they’ve contributed to [...]
Each time a client asks us to assist them with finance we prepare an affordability calculation as part of our loan proposals. Interestingly, when people are buying NRAS properties, more often than not our calculations show people have more discretionary income after they buy the property than before. We show you here two typical examples of these calculations.
NRAS funding is to be diverted for rebuilding after the floods but for property investors it’s a case of deciding if the NRAS “glass” is half empty or half full. We feel it’s very much half full. As a result we anticipate that 2011 will be the year of NRAS
NRAS (National Affordable Rental Scheme) incentives are explained by self-made property millionaire, Ruby Janssen in her 20 page report available at www.nrasincentives.com.au. Ruby explains how NRAS will pay you tax free for the next 10 years to be a property investor.