It is finally here.  We have changed our name to Pandanus Finance so all future correspondence will come from this brand.  Don’t worry, we will keep getting the Compass emails for a while yet, but when you have a chance, if you could update the email, that would be fantastic.  We’ve ditched the 1300 Compass number too, so please call my mobile or the office number.

So why the change? Well the short story is that Compass Home Loans was going to eventually become a bit of a hindrance on our quest for total world dominati… ahem.. let me start again.  We wanted a name that reflected our vision of keeping finance simple for our clients so they can relax while we do all the legwork.  Yeah, that’s it.

We still offer all the same services as before, so at the moment it is just the name that has changed.  Keep an eye on your emails.  Over the next few months we’ll be bringing you up to speed with a few changes and exciting incentives for our loyal family of clients.

The RBA

No change today, but watch this space!  Most economists are predicting another one, maybe two cuts in the next year.  But is this all good news?  Not necessarily.

Who’s cheering?  Well hopefully you are.  The monthly interest you are paying on your home loan should have significantly decreased over the last couple of years.  When the rates drop, instead of reducing your monthly payment down to the new minimum required amount, if you instead maintain your previous monthly payment, then you will start hammering that home loan in much the same way that the Maroons are going to hammer the Blues tomorrow night.

Who’s not cheering?  First home buyers in Sydney or Melbourne.  Now I don’t want to use the “B” word, let’s just say it rhymes with “trouble”.  Record low interest rates, rising rents, very generous negative gearing and superannuation rules and motivated foreign investors has seen demand outstrip supply in those markets, pushing property values to record levels.  This is keeping first home buyers out of the market, so not great times for them.

You Want Doom and Gloom?

Here you go.

  • Death is the number 1 killer in the world.
  • Life is sexually transmitted.
  • Good health is merely the slowest possible rate at which one can die.
  • Don’t worry about old age; it doesn’t last that long.
  • Give a person a fish and you feed them for a day.  Teach a person to use the internet and they won’t bother you for weeks, months, maybe years.
  • Health nuts are going to feel stupid someday, lying in the hospital, dying of nothing.
  • All of us could take a lesson from the weather.  It pays no attention to criticism.
  • In the 60’s, people took acid to make the world weird.  Now the world is weird, and people take Prozac to make it look normal.