Aegeus Financial Services

25/04/2025

20/04/2025

The team at Aegeus Financial Services wishes you a joyful Easter filled with laughter, quality time with family, delicious food and of course, plenty of chocolate!

Enjoy the celebrations as well as the sweet moments.

With love,

Ross

05/04/2025

How a redraw facility can help you

Managing your home loan well can give you more flexibility and help you pay off your mortgage sooner. A redraw facility could be one way to reduce interest costs while still having access to extra funds when you need them. Here’s what you need to know.

What is a redraw facility?

A redraw facility lets you access any extra repayments you’ve made on your home loan. Instead of those funds simply reducing your loan balance, you can withdraw them later if needed.

How does a redraw facility work?

Say your minimum mortgage repayment is $3,600 a month, but you regularly pay $3,800. After a year, you’d have $2,400 in extra repayments. If an unexpected expense comes up – like urgent home repairs – you can redraw some or all of that extra money from your loan.

Benefits of a redraw facility
• Every extra repayment reduces your loan balance, which means paying less interest over the life of the loan.
• Redraw facilities let you manage your cash flow, providing convenient access to extra funds when needed without relying on high-interest loans or credit cards.
• Redrawing funds is usually straightforward through online banking or by contacting your lender.

Things to keep in mind

While redraw facilities offer flexibility, here are a few things to consider:
• Some lenders may charge a fee each time you redraw, or place limits on minimum or maximum amounts.
• Not all mortgages come with a redraw facility, and conditions can vary significantly between lenders.
• Withdrawing funds increases your loan balance, which could result in paying more interest over time compared to leaving the funds untouched.

Redraw vs offset accounts

While offset accounts and redraw facilities both help reduce interest costs, they serve different purposes. Offset accounts can be beneficial for keeping savings readily available, whereas redraw facilities provide straightforward access to extra repayments. A redraw facility might suit you best if you prefer simplicity and don’t need regular access to extra funds.

Ready to make your mortgage work smarter?

Having the right loan features for you can make a big difference in managing your mortgage and keeping costs down. If you’d like to understand how a redraw facility could work for you, let’s chat.
Get in touch today to explore your options.

20/03/2025

Renovating can be a great way to add value to your property, improve your living space, or boost your rental return. But before you start knocking down walls, there are a few key things to consider. A renovation can quickly turn from a smart investment into a financial headache if you don’t plan properly.
Here’s what to think about before diving in.

KNOW YOUR GOALS!
Before spending a cent, ask yourself: Why am I renovating?

If it’s your home, think about whether you’ll stay long-term or sell in a few years. If you’re flipping or updating an investment property, focus on maximising value without overcapitalising. Understanding your goal will shape your renovation choices and your budget.

PLAN YOUR BUDGET (AND STICK TO IT!)
How much will your renovation cost? More importantly, how much should it cost?

As a general rule of thumb, spend no more than 10% of your property’s value on renovations. Costs add up fast, so get multiple quotes and budget for unexpected expenses – they always pop up!

ARE YOU OVERCAPITALISING?
Every suburb has a price ceiling – a maximum price buyers are willing to pay. Before you renovate, research what similar homes in your area sell for.

If you spend too much, you risk pricing your property out of the market and losing money when you sell. Try to focus on renovations that deliver a return, such as:

✅ Kitchen and bathroom updates
✅ Fresh paint inside and out
✅ Extra bedroom or ensuite
✅ Storage solutions
✅ Outdoor entertaining areas

Luxury finishes and expensive fittings might look great, but will buyers pay extra for them? Keep your upgrades practical and aligned with market demand.

DIY OR CALL IN THE EXPERTS?
Doing the work yourself can save money, but only if you know what you’re doing.

Some DIY-friendly jobs:
✔ Painting
✔ Removing old flooring
✔ Dismantling cabinets

Jobs best left to the professionals:
❌ Electrical and plumbing work (not only illegal without a licence but dangerous!)
❌ Structural changes
❌ Waterproofing bathrooms

Also, weigh up time vs cost. If a pro can get it done faster and better, it might be worth the investment.

24/12/2024

To all our valued clients and partners.

We wish you a Very Merry Christmas and a Happy New Year!!!

We look forward to doing business with you in 2025.

From the team at Aegeus Financial Solutions.

10/11/2024

Today, we honour and remember all who have served, past and present. Your sacrifice will never be forgotten. Lest we Forget.

31/03/2024

Happy Easter from the team at Aegeus Financial Services

11/04/2023

"Ross goes above and beyond, is prompt and thorough when answering any questions I had." says Alex

★★★★★ Ross goes above and beyond, is prompt and thorough when answering any questions I had.

13/02/2023

Not sure what kind of loan you need because you’re just starting out? Not to worry! We are prepared to assist. With our aid, first-time homebuyers can receive financing from a financial institution (a loan) to either purchase or secure against the property.

Mortgage characteristics can differ greatly, including the loan amount, maturity date, interest rate, and how it will be repaid. It’s always advisable to review your alternatives with a seasoned mortgage broker. Additionally, we can assist you with determining your eligibility and First Home Owner’s Grant application.

Reach out to our team at Aegeus Financial Services to schedule!

01/02/2023

https://posts.gle/FX978C

Here at Aegeus Financial Services, we strive to provide the best service possible, and we’re thrilled that we were able to make your experience a positive one. It was our pleasure serving you. Thank you again! ...

24/10/2022

https://g.co/kgs/JdjgUW

★★★★★ "Dealt with Ross over the period of a year (due to vehicle shortage) to work out a novated lease. He was extremely professional and accommodating of my work hours, coming by my workplace to have all the documentation explained and signed for my convenience. Very quick turn around in ...