Finance by Peter Ritchie

03/06/2026

Free flying with an aerial view of the spectacular Mornington Peninsula and a lower home loan rate, now you are talking.

01/06/2026

Are you still interested in property investment? What if you could negate the recent changes to the CGT and negative gearing rules? Want a chat, then give me a call.

27/05/2026

The dust is starting to settle, but there is still plenty blowing around. There is a lot of information to digest and ultimately disseminate. This is just a starting place of where I am involved. Obviously this is not Financial and Accounting advice, it is just some general advice that may affect you in the future with your borrowing capacity.

There are 2 main factors affecting home owners and investment property owners in this budget.

CAPITAL GAIN TAX (CGT) changes are affecting existing properties and movIng forward with new properties. This is a conversation to have with your accountant, as your individual circumstances may affect the taxation advice and taxation planning. CGT may affect your decision of how you invest in the future. But if you choose to invest in property, then that is where I am involved.

NEGATIVE GEARING: ok, this does affect current and future borrowing. A basic summary would be that if the investment property existed as an investment property before May 12, 2026 then the existing negative gearing rules apply moving forward as far as assessing your borrowing capacity. This is good. Moving forward with the new rules, negative gearing will only apply to newly built properties and this is best explained as a property that adds to the number of houses available in Australia.

A quick scenario where negative gearing would apply is where an investment property was demolished and 2 new properties are built. The negative gearing benefits of this situation are applied as the net result is another house is being built. If the house was demolished and only 1 new house was built, then the negative gearing benefits wouldn’t apply as the net result is 0 new houses.

Now just a reminder – these changes have not been legislated but the lenders are adopting the new rules as we speak.

If you have a particular scenario please reach out and ask me the question.

22/05/2026

How do the proposed budget changes affect lending? A quick Fast Fact Friday Fun One video.

A quick discussion on how the Budget (proposals) may affect your borrowing capacity when buying an investment property. Peter welcomed attendees to the secon...

21/05/2026

Business & Dinner meeting, May 2026. Surrounded myself with quality business people, makes referring them to others, very easy. It wasn't as cosy as it looks. Food (all gone) was supplied and delivered by Main Grill, Main St Mornington. Great effort by them.

18/05/2026

So, you want to meet a specialist who helps you find the right investment property to build. Timing couldn't have been better with regard to the Federal Budget announcements on investment properties. Meet Mick Shearman from Vigour Investment Properties.

Want to deal with a Mortgage & Finance Broker that goes that little bit further. Don't want to deal with an AI generated "person" and would like the option ...

14/05/2026

Gift Settlement Baskets as a thank you - not unique. Flying to deliver them when it is a 3 hour drive, that is unique. Long term customers deserve something special. Thanks Rachel Bourke and Dave Hadlow for being long term brilliant customers to work with.

13/05/2026

Just a quick summary of the budget as it impacts investors. I bet we haven't heard the last of this. And, it is also very interesting to see how people are coming up with ideas to get around reforms already. Stay tuned on that one. ;) ;)

08/05/2026

Fast Fact Friday Finance Update

Peter welcomed attendees to the first Fast Fact Friday session focused on weekly finance updates. He announced that interest rates had increased as expected, with variable rates being passed on by lenders, though the implementation timeline varies across different lenders.

Fixed and Reverse Mortgage Options

Peter explained that fixed rates are set at lenders' discretion and are not directly affected by Reserve Bank changes to variable rates. He discussed the pros and cons of fixed rates, noting that while some customers benefit, many are worse off compared to variable rates. Peter also highlighted reverse mortgages as an option for elderly individuals over 60, allowing them to borrow up to 20% of their home's value at age 60, increasing by 1% for each year over 60.

07/05/2026

Reverse Mortgage Solutions
Are You Over 60?
Do you have substantial equity in your home?

A Reverse Mortgage could help unlock the value in your property without needing to sell your home.

Need funds for:

Refinancing an existing home loan?
Home renovations?
A new car?
Helping children or grandchildren financially?
Extra cash flow to assist with the rising Cost of Living?

You may even be able to receive regular ongoing payments to supplement your income.

Stay In Your Home.
Access Your Equity.
Improve Your Lifestyle.

A Reverse Mortgage isn’t right for everyone — but it could be the right solution for you, or someone you know.

Speak with us today to find out more.

Finance options subject to eligibility and lender approval.