Thyme Financial Group

09/10/2018

The first ever bank was established by the Medici family in Florence in 1397. For thousands of years prior we managed without banks.

How did we survive?

A couple of weeks ago and for the second time in 12 months I travelled back to Rome, Florence and Sienna. In between engorging myself with kilograms of past

04/10/2018

We get to a point where we just don’t care anymore about certain things in life because we become impatient and think we’re running out of time to achieve unachievable milestones.

Over the last three years we’ve observed this mentality creeping into much younger people’s attitudes toward their finances.

Read the full article here:

Our local area in Sydney’s upper North Shore has a very large elderly demographic. I’m talking a disproportionate number of people over eighty. I’ve been known to refer to the suburb as Club-Med for the dead. Almost on a daily basis I encounter strange behaviour from this demographic.

03/10/2018

What is it about getting behind the wheel of a car that turns otherwise decent human beings into seething, angry monsters?

Apparently, the only feasible action is to put a radar trap on that stretch of road. But it’s not the speed of the cars which is dangerous it’s the attitude of the drivers and sometimes the cyclists which has proven to be a deadly mix, particularly if the driver is trying to intimidate the cyclists.

It’s the same with people’s interactions with banks…

Anyone who drives from St Ives Chase to Terrey Hills on a sunny weekend morning is likely to encounter lycra-clad middle-aged men riding on their expensive bicycles. Some of these cyclists are quite serious.

19/02/2017

12 Home Loan Tips

Here is a link to our latest article.

It is a list of lessons our Home Loan clients have learned and also some Home Loan tips:

http://thymefinancial.com.au/wp-content/uploads/2015/06/Top-12-Home-Loan-Tips.pdf

08/06/2016

4 things your Mortgage Broker can do for you that your Bank or Lender can't.

- Provide great service
- Give you a comparison of many lenders' products rather than just their own
- Assistance with the application and documentation process
- We can find you a new lender if your lender is letting you down

25/05/2016

6 Important Housing Market Drivers

Some market commentators are saying the housing cycle is almost complete. The reality is that housing cycles are fuelled by a few hard dynamics.

Supply
This cycle was first fuelled by a lack of supply (particularly in the capitals of Sydney and Melbourne). We believe that the supply in apartments has reached saturation point and there is more to come.

Interest Rates
Low interest rates are here for the duration. Anyone that thinks interest rates will climb to double digits has rocks in their heads.
Government and Taxes
The two main levers that government has are negative gearing and capital gains tax. Take one of these away and you will curb demand.

The Supply of Money
For the first time in living memory, banks are trying to control the housing market by restricting the supply of money to non-residents. Add this to the already strong controls currently in place for the rest of us and it can become problematic. Here’s a prediction: When the housing market cools, many of these controls will be relaxed.

Unemployment
The last time we had a housing crash was in the recession of 1991. Unemployment was at around 11%. Obviously if people don’t have a job they can’t repay their mortgage. Keep your eye on this number but it appears to be under control for now.

Demand
Housing is seen as something tangible and a safe bet. Sure, the current demand cannot continue. Let’s just see how it all plays out post election.
But as the housing roulette wheel goes around and around and as it inevitably slows.

18/04/2016

Low Rates and Mortgage Stress

This week's article discusses the effect of disappearing interest rate specials on borrowers and the anxiety this creates. It can be found at the link

http://thymefinancial.com.au/wp-content/uploads/2015/06/Low-Rates-and-Mortgage-Stress.pdf

10/04/2016

Is it time to look for a new home loan?

In this weeks article we ask 6 simple questions about your home loan. If you answer yes to any of them it might just be time to have a look for a new home loan. You can read it at the following link:

http://thymefinancial.com.au/wp-content/uploads/2015/06/Is-it-time-to-look-for-a-new-home-loan.pdf