BSB 806 015

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BSB 806 015

Home loan health check

Thoughts from CEO Andrew Hadley

Our home is likely to be the largest single purchase many of us will make in our lifetimes.

In WA, we're well aware of the impact of the mining boom downturn where many West Australians continue to be affected by mortgage stress, struggling to make ends meet.

So it's important, as we hear about green shoots returning to the WA economy and housing affordability showing some signs of improvement, that people continue to educate themselves about managing their money for their family's ongoing financial wellbeing.

With so much confusing economic information on offer from different sectors of the housing market and the media, it's no surprise that many choose to set and forget their home loan or credit card, simply believing that it isn't worth reviewing to see if there are better options available.

At P&N, we have introduced a range of different accounts all designed to help our members optimise their financial situation. In the lead up to the new calendar year, it's worth taking a look at all of your banking to see if the accounts and products you have are still the best fit for you.

P&N's Power of & Content Hub has tips and advice across the banking spectrum.

P&N's website also has easy to understand personal banking information, including a home loan calculator if a new home or your next home is on the horizon.

And don't forget, you can also speak with the team in our Perth Contact Centre on webchat or phone or visit one our branches to learn more.

At P&N, our members are number one. We're here to help you realise your financial goals and optimise your financial wellbeing.

Source:
https://www.corelogic.com.au/resources/pdf/reports/housing-affordability/2017-05-CoreLogicHousingAffordabilityReport_May2017.pdf
http://www.perthnow.com.au/news/western-australia/buyers-market-as-wa-house-price-fall/news-story/cd0d5c92fe6a901febc58c4751132488

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