PCL Blog

The banking royal commission has been full of horror stories. To some extent this is not surprising. Banks undertake millions of transactions per year so it is hardly surprising that there are some shockers in the mix. The Catholic Church and the Returned Services League have provided similar front page news stories over the last…
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Both variable and fixed Home Loan rates are trending down as providers continue to chase owner occupier borrowers. Investor rates have also been easing, even before last week’s announcement by APRA that the investor loan growth limit would be lifted for those lenders that meet its prudential requirements. American Express now has a Credit Card…
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Date1 May 2018 At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy continues to grow solidly, with the authorities…
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When looking for home loan that offers the best interest rate, many people will enlist the services of a mortgage broker. However, obtaining a loan with a better interest rate is only one side of the story. The terms and conditions that go with the loan can also be very important. A mortgage broker such…
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By Llew Leeming, Head of Development & Investment Finance at PCL Money Last week we settled a Private Money Development Finance loan for an old client and friend of mine. We also worked in collaboratively with my Client’s accountant as part of a collegial ‘value chain’. The Value Chain is an enduring legacy from my…
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PCL Money was contacted by an elderly couple who owned a 3rd generation farm. They had gotten into trouble with a bank and fallen behind due to expansion plans and bad weather (too much rain). For three long years they fought attempting to hold on to the property. If the property had been sold at…
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There has been a slowdown in the buying of family homes and investment in commercial and residential property in Australia. The level of new businesses has decreased. This is because we have an increased level of uncertainty in the Australian economy at the moment. People traditionally are less inclined to invest if there are perceived…
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PCL group this week welcomed Justin Bailey on board as its new associate director of Illawarra Home Loans. The group has operated many years in the Illawarra with director Martin Anstee at the helm. Mr Anstee said Mr Bailey has worked in the local market for a number of years and his arrival will further…
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When you take out a home loan, you normally choose between a fixed interest rate or variable interest rate. With a fixed interest rate home loan your interest rate is locked in for a certain period. For example it could be over 5 years. This means that your loan repayments will remain the same over…
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We often hear about young home buyers having difficulty getting finance to buy their first home and get into the housing market. But what about older people who are trying to get a home loan? Approximately 15% of people in Australia are aged 65 and older, according to the Bureau of Statistics. Older Australians might…
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