On this week's episode we're talking about end of financial year, especially when it comes to cars. So we had Peter Willis on, the director of buying at used car marketplace Carma. We discussed how to spot a deal, the tactics that dealers use, and all the due diligence you need to do before taking the plunge. Plus, his savings tip is wheely pertinent and unlike any other we've had on the pod!

Plus we spoke with resident finance journalist Harry O'Sullivan on Queensland's Boost 2 Buy scheme, a new shared equity program that chips in for your first home in exchange for the equivalent share of equity. We discussed if this could actually be a secret money maker for the government, leveraging capital gains and potentially tipping more first home buyers beyond the stamp duty threshold.

Harry's article:

https://www.savings.com.au/news/boost-to-buy-queensland-first-home-buyers

And all the latest news and savings tips.

00:00 - Intro

02:30 - Savings Tips, check insurance in super and laundry sheets

05:09 - CPI pretty soft at 2.1%

09:20 - NAB and BOQ savings account cuts

13:06 - Unemployment steady at 4.1%

17:43 - Harry on the Boost 2 Buy Qld scheme

28:52 - Peter on EOFY car deals

38:13 - Outro

We spoke to resident finance journalist and editor of Your Mortgage, Brooke Cooper on why brokers are falling out of favour, according to S&P research. Many banks are seeing the commissions they are paying to brokers and finding it more cost effective to go directly to customer. Does this mean brokers are done? Not by a long shot, as they service up to 805 of the mortgage market and many customers prefer the convenience.

Brooke's piece

https://www.yourmortgage.com.au/mortgage-news/love-hate-relationship-why-big-banks-are-stepping-back-from-brokers

00:00-01:23 - Intro

01:23-03:35 - Savings tip, ask for refunds

03:35-05:20 - The banks' love-hate relationship with brokers

05:20-07:15 - What it means for borrowers

07:15-09:25 - Are brokers in trouble?

09:25-14:21 - Personal experiences and outro

We spoke to resident finance journalist Denise Raward on the benefits and drawbacks of lenders mortgage insurance, or LMI. It's a necessary evil if you have less than a 20% deposit for a home loan. As Denise explains, however, you'll have to weigh up the cost versus waiting longer outside the market to save up the 20%.

00:00 - Intro and savings tip, learn how to cook

01:35 - LMI costs explained

03:44 - LMI waivers

08:27 - Better to wait to save or just pay LMI

12:00 - Outro

On this week's podcast episode, Haz was away! So Brooke Cooper, editor at Your Mortgage, stepped in to co-host alongside Dom. Thanks, Brooke, for your very capable stewardship.

As a special guest, we spoke to Denjola Bhutia the director of mortgage brokers Nine Ten Finance about the benefits of non-bank lenders in this current environment. He said there tends to be more flexibility around serviceability buffers, which can be especially useful if you have multiple properties or are looking to grow your portfolio - or just experiencing a bit of crunch despite a good income and good savings.

00:00 - Intro and savings tip, keep repayments the same

02:05 - Non-bank lenders explained

03:20 - APRA buffer

05:45 - Non-bank lending volumes

08:10 - Suitable demographics

09:20 - Brokers

11:15 - APRA buffer again

12:38 - Outro

On this week's podcast episode, Haz was away! So Brooke Cooper, editor at Your Mortgage, stepped in to co-host alongside Dom. Thanks, Brooke, for your very capable stewardship.

As a special guest, we spoke to Denjola Bhutia the director of mortgage brokers Nine Ten Finance about the benefits of non-bank lenders in this current environment. He said there tends to be more flexibility around serviceability buffers, which can be especially useful if you have multiple properties or are looking to grow your portfolio - or just experiencing a bit of crunch despite a good income and good savings.

Plus, we also spoke to resident finance journalist Denise Raward on the benefits and drawbacks of lenders mortgage insurance, or LMI. It's a necessary evil if you have less than a 20% deposit for a home loan. As Denise explains, however, you'll have to weigh up the cost versus waiting longer outside the market to save up the 20%.

And all the latest news and savings tips of course.

00:00 - Intro

01:30 - Savings tips, referral codes & airline seat selection

05:50 - Westpac predicts 2.85% cash rate

09:12 - WA modular homes fund

12:05 - CBA now has quite competitive home loan rates

15:37 - Denise on LMI

23:14 - Denjola on non-bank lenders

41:02 - Outro

On this week's show, our special guest star is Jim Penman, the co-founder and director of Jim's Group. This is probably better known for Jim's Mowing, as well as a litany of other franchises from cleaning to life coaching. We had a pretty insightful chat about Jim's take on the current state of Australia's economy, the productivity issue and what can be done about it all.

00:00-00:34 - Intro

00:34-01:51 - Jim's Savings Tip, wear cheap clothes

01:51-03:31 - Government inefficiency

03:31-04:58 - The red tape around a house

04:58-08:37 - Slack workers and rent seekers

08:37-10:53 - Business conditions

10:53-12:08 - Closing remarks and outro

On this week's show, our special guest star is Jim Penman, the co-founder and director of Jim's Group. This is probably better known for Jim's Mowing, as well as a litany of other franchises from cleaning to life coaching. We had a pretty insightful chat about Jim's take on the current state of Australia's economy, the productivity issue and what can be done about it all.

Plus we spoke to resident finance journalist and editor of Your Mortgage, Brooke Cooper on why brokers are falling out of favour, according to S&P research. Many banks are seeing the commissions they are paying to brokers and finding it more cost effective to go directly to customer. Does this mean brokers are done? Not by a long shot, as they service up to 805 of the mortgage market and many customers prefer the convenience.

And all the latest news and savings tips of course.

Brooke's broker piece:

https://www.yourmortgage.com.au/mortgage-news/love-hate-relationship-why-big-banks-are-stepping-back-from-brokers

00:00-02:14 - Intro

02:14-04:41 - Savings tips, late lunches and unsub from e-commerce emails

04:41-07:17 - $11 trillion housing market

07:17-11:20 - Qld extends $30k FHB grant

11:20-14:36 - BNPL is now credit regulated

14:36-28:00 - Brooke on brokers

28:00-39:28 - Mr Penman on Productivity

39:28-41:12 - Outro

We spoke to resident finance journalist Denise Raward on non-recourse lending and if it applies to Australia. In some US states you can just hand back the house keys to your lender and walk away scot-free but in Australia it's a lot harder to do that.

Denise's article: 
https://www.yourmortgage.com.au/compare-home-loans/surrender-home-australia

00:00-00:54 - Intro
00:54-02:05 - Savings tip, 50c fares
02:05-04:07 - Possible to hand back the home?
04:07-05:53 - The default process
05:53-08:39 - Factors driving home repo
08:39-11:40 - Hardship facts and figures
11:40-13:25 - Why are defaults, delinquencies & repossessions low in Oz?
13:25-14:43 - Outro

On this week's chat we had Jenneke Mills, the head of technical services at MLC, here to talk to us about financial confidence and some of the super fund's recent survey results showing very few of us are financially confident! MLC has developed an interesting new Money View tool that shows insights into your financial position and what you can do about it. Jenneke was last on in episode 83.

MLC Money View
https://www.mlc.com.au/personal/mlcmoneyview?00:00-00:38 - Intro
00:38-02:54 - Savings Tip, find time to sort your finances
02:54-04:47 - What's driving non-confidence?
04:47-06:29 - Economic factors
06:29-08:22 - Women less financially confident
08:22-09:27 - First step anxiety
09:27-11:04 - MLC Money View
11:04-12:01 - Outro

On this week's chat we had Jenneke Mills, the head of technical services at MLC, here to talk to us about financial confidence and some of the super fund's recent survey results showing very few of us are financially confident! MLC has developed an interesting new Money View tool that shows insights into your financial position and what you can do about it. Jenneke was last on in episode 83.

Plus we spoke to resident finance journalist Denise Raward on non-recourse lending and if it applies to Australia. In some US states you can just hand back the house keys to your lender and walk away scot-free but in Australia it's a lot harder to do that.

And we cover all the latest news and savings tips of course.

Denise's article: 
https://www.yourmortgage.com.au/compare-home-loans/surrender-home-australia

MLC Money View
https://www.mlc.com.au/personal/mlcmoneyview?

00:00-01:52 - Intro
01:52-05:25 - Savings Tips, dishwasher tablets & Google Pixel AI
05:25-08:10 - Anaemic GDP figures
08:10-12:32 - Savings account rates are a'tumblin'
12:32-15:38 - House prices go brrrr
15:38-29:21 - No recourse home loans with Denise
29:21-40:46 - Financial confidence with Jenneke
40:46-41:57 - Outro