Selector Finance, Sydney, NSW Videos

As a lot of you know, I have a passion for scaling mountains. My latest was Lenin Peak, the highest mountain in the Trans-Alay Range of Central Asia, with a 7134-metre summit. The massive glaciers, striking scenery, and altitude of the Kyrgyzstan and Tajikistan border ranges is breathtaking. The climb was a goal I set a good 12 months prior, and easily my most challenging to date. In my latest eDM, I shared three valuable lessons from this expedition. To find out more, follow the link 🔗 bit.ly/4e5hYeq ~ Brett

Don’t expect the same banking landscape as you see now in ten years’ time. Technology and IT is going to change the market dramatically. And there won’t be many of the familiar banks you see now sticking around. Macquarie and CBA are likely to be centre stage and thriving. They are already leading the industry in terms of technology. And – like these two - the smart banks are acknowledging brokers are part of that future. They don’t see us as competition and they are saying, ‘You’re bringing us business, sure, let us know if there’s something we can do better.’ And trust me, I’m letting them know on your behalf. ~ Brett.

My clients often tell me they want to go guarantor on their kid’s first home. In response, I now tell them they don’t have to. Yes, you can provide a one-off gift to help build their deposit, but now the Government is stepping in instead of the bank of Mum and Dad. In my latest eDM, I shared three key initiatives that are helping first home buyers get into the market. Assuming the first home buyer can meet mortgage repayments, with five percent of the purchase price I can get them a property, minus the cost of stamp duty and mortgage insurance. How, you ask? The First Home Guarantee Stamp Duty Exemption New Builds Grant NSW Read more in my latest newsletter, bit.ly/3V7M9ct Or if you or someone you know wants to enter the market for the first time, give us a call on 1300 16 16 00 today and we can walk you through the current initiatives.

Alan Kohler’s essay, titled ‘The Great Divide – Australia’s housing mess and how to fix it’ is one of the best things I’ve listened to in a long time. Click the link 🔗 bit.ly/43WMwdZ to find it on audible and amazon. I highly recommend it for anyone who wants to understand economics, property, and interest rates in our country. It’s a ten out of ten. I still have people who come to me thinking their bank will give them the best rate because they have been a loyal customer all their lives. They won’t. By law, my best interest duty remains with you... not the bank. This will continue to be a nice reminder when you’re knee-deep in the knowledge Alan Kohler’s work brings. And if you need me, get in touch on 1300 16 16 00. ~ Brett

Brett discusses the imminent peak of interest rates, the current property market, and clients coming off fixed rate repayments in his latest e-newsletter. For some honest insight around projections for 2024, please follow the link 🔗 https://mailchi.mp/c8fe855604b0/what-do-finances-and-forests-have-in-common-9413054?e=[UNIQID] today.

In our recent e-newsletter, Brett highlighted why economic markers are adding to the confusion in the current market. Many clients have asked him to weigh in on what’s happening. Is it boom or bust? Have a read through at 🔗 bit.ly/3SQsgah to gain some vital insight. And if you are uncertain about what to do, even if it’s just to sit-tight, get in touch with Brett. 📞 Call 1300 16 16 00 today.

Brett recently reached out to our incredible clients via email to explore what forests and finances have in common. In reflecting on the trials and triumphs of rainforest regen over many years, he looked at how things outside of our control can impact our growth journey. 🌲🌞 Sound familiar? Read Brett’s e-newsletter at the link 🔗 https://bit.ly/3O9DUur

When people ask about property forecasts, it’s important to note that we’re hearing there’s not a lot of properties on the market to purchase. The lack of stock is fuelling demand. 🙇 So, we have some properties in capital cities selling for record prices despite the increase of interest rates. 📈 That said, what else is driving demand in our real estate market? Australia is experiencing a surge in overseas migration with our 22-23 forecast to be 400,000 and the 2024-25 forecast to be 260,000. These record numbers are well above our long-term historical average of 235,000. And people need houses to live in. 🏡 If you’re currently thinking of buying or selling, or are looking to get your foot in the door, it helps to have a mortgage broker working in your best interest. 📞 Contact our team today, we can help.

Knowing what I do about banks, I would work with a broker every time. As a broker, I’m legally obligated – by Best Interest Duty – to work in my client’s best interest. No bank is inclined to do that. They aren’t here to be your mate, they’re here for their bottom line. It’s infuriating, but it’s something I see every day. People are paying more in rates than they should be. Drop me a line to see if you are one of those people. ~ Brett

If your fixed rate period is wrapping up, it’s time to review what offers are out there that best suit your needs! Do be aware, banks are currently playing a great game where they say fixing for three years at 5.5%+ sounds like a good deal… but they can’t give you advice. I can. Don’t do it. Be wary of fixing right now. You’re potentially locking in bad news for three years. When the rates fall - which they are going to do, eventually - you’ll be stuck. ‘Yes, Brett, but once-upon-a-time rates sat at 18% and I don’t want to keep getting hit by rises.’ Let’s not forget that was when the average mortgage was $100,000. Inflation - which goes hand in hand with rate rises – cannot rise forever, so be wary of fixing at this time. If you’re stuck or want to know what the best rate for you is, get in touch. 📞 Call my team on 1300 16 16 00 today, and we can chat. ~ Brett

I don’t think we’re looking at a housing crash. There will be mismatches at times. Of expectations, of reality. What we do know is that the media will have a field day. Don’t buy in to it. ~ Brett

Your bank does not reward loyalty. Sometimes, it’s about understanding what your bank is willing to give you, and better still – what you deserve. We had one client come to us recently, and their existing interest rate was real high. I recommended going back to the bank - it was one of the old school banks that won’t talk to us as we’re a broker, but I could provide the client encouragement and direction on what to ask for. ​ ​The bank came back with a .3% difference. I said, try again - mention a certain number. It came back .8% lower than what he’d been on. Even with what they came back with, you’re looking at $6k a year in savings. I’m not going to push that. I asked him, “Do you want us to move you or not, that’s your call. It’s just paperwork.” He said, “Yep, let’s do it.” Remember, your bank does not reward loyalty, so ask the big questions or ask us to guide you with those questions. ​~ Brett ​ Flick us an email with your details to see how we can help at [email protected].

Because it’s the only thing in the headlines. Rates are going up, inflation is rampant. It’s all we ever hear about. I often find once people have a good understanding of where they are with their income, their living expenses and their mortgages, they no longer worry about these trivial things. ​If you want a better understanding of where you and where you want to head, give me a call on 1300 16 16 00. ~ Brett

We’re getting a lot of clients coming to us who know they want to buy investment properties. And attached to that is a lot of questions around types of loans, that people don’t know: Should I go interest only or PNI? Fixed or variable? They are loaded questions and ones that directly relate to your unique situation. ​ ​We would be happy to walk you through the options. Give us a call on 1300 16 16 00. 📞

How are you investing your equity? See how 7 in 10 Aussies are choosing to do it on our latest blog. Let’s chat how unlocking the equity in your home could work for your own unique situation. Click the link to read more: https://bit.ly/3ATNPNP

Discovering how to structure things properly and purposefully breeds peace of mind. I see it time and time again. When we have an action plan or you, we also have the connections on hand to give you the right back-up for your task. Cue trusted lawyers to estate planners, insurance brokers and accountants, we can connect you with advisors we appreciate and who we have been working with for years. ​ ​Drop us a line at [email protected] to organise a time to chat 🤝

Quick question: does your mortgage broker prep you for 2% or 4%? Rates can, and likely will, rise. They may even double over time. Can you afford it if it does? It’s all about guidance and understanding when it comes to finance. You want someone who understands your challenges not only now, but what you may face in the future. Stay calm. Get good counsel. And know, this too shall pass. If you need me, I'm here for you. You know where to find me. ~ Brett. [Image description: Orange background with white text that reads: This too shall pass. Nothing stays the same. Even interest rates.]

100% what we do. Enjoy the journey. ~ Brett

Buy a house is not the answer. It’s only a part of it. Let’s chat about where you want to be in ten, 15, 20 years’ time. We’ll draw a map. It’ll be fun. ~Brett