The Reserve Bank of Australia (RBA) is facing a major overhaul following an independent review. What does it mean for interest rates and for Australian mortgage holders? Find out. Why was there a review? Treasurer Jim Chalmers announced the review in July 2022 – the first review of the RBA since the central bank started to target inflation in the early 1990s. “The Review is all about ensuring Australia’s central bank and monetary policy arrangements are as stro...

Do you know how much you owe on your HECS-HELP debt? Recent high inflation means millions of Australians with student loan debts are facing a 7.1% increase from 1 June, up from 3.9% the previous year. Your HECS-HELP debt is an important piece of information that lenders take into consideration when assessing your application for a home loan, so it’s important to understand yours. Find out more about how indexation will impact you. What is HECS-HELP? The Higher Education L...

Sorting through heaps of receipts to figure out your allowable deductions isn’t anyone’s idea of a good time, right? Property investment can be a rewarding venture, but it comes with its share of responsibilities, especially when tax season rolls around. To help you navigate the world of tax deductions, we’ve put together a tax checklist for property investors. Follow these steps for a less stressful tax season: 1) Organise your documents early Start by organising your d...

FinancePath has been named Community Champion finalist at the 2023 Mortgage & Finance Association of Australia* (MFAA) State Excellence Awards. Judged by an independent panel of industry specialists, business professionals and experts, the MFAA Excellence Awards are the most rigorous in the Australian mortgage and finance industry. The Community Champion award category recognises brokers, broker businesses and staff who have delivered exceptional social, ethical or community service...

FinancePath has been announced as the winner of the Best Community Engagement Program at The Adviser Better Business Awards 2023. “Given the lingering effects of the pandemic, a series of natural disasters and the increased cost of living, FinancePath sought to support a number of community and charitable organisations providing aid to those experiencing hardship in 2022 – in particular organisations that exist to restore and maintain the dignity of Victorians – via our Com...