The Weekly Times - TWT - 4th July 2018

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12 THE WEEKLY TIMES Wednesday 4 July, 2018 Rates set to rise in Hunters Hill RATES in Hunters Hill look set to rise with the council expected to seek a special rates variation. The proposed rates rise has been included in the council’s strategic plan, which was endorsed by councillors at Monday night’s extraordinary council meeting. It follows a recent community based survey which found that ratepayers will accept a rise to maintain existing assets and services. “The community has been clear about ensuring the council continues to maintain building, parks and recreation at agreed levels, ” the Strategic Plan states. “It will be necessary for council to consider reapplying to the Independent Pricing and Regulatory Tribunal to have the Community Facilities Asset Infrastructure special rate reinstated,” Only Liberal Clr Ben Collins questioned the proposed rate rise, which is supported by General Manager Barry Smith. Ratepayers will be notified on how much more their households will pay and why. “It will be necessary to explain to the community the impact that the special rate (rise) will have, such as the percentage increase and whether the increase will be permanent or temporary,” the report adds. Hunters Hill Council is currently seeking reimbursement of the tens of thousands of dollars it spent fighting the state government’s unsuccessful proposed forced merger with Lane Cove and the City of Ryde. Potholes targeted in Hunters Hill plan POTHOLE repairs and park maintenance have emerged as key ratepayer concerns identified in the council’s new strategic plan. The plan was endorsed by councillors on Monday night and recommends that dangerous potholes should be made safe within five days of council staff being notified. Footpath trip hazards should be made safe within five days and blocked municipal drains cleared within 24 hours. The plan further recommends that parks and reserves be mowed at least every four weeks in summer and every six weeks in winter with amenity blocks being cleaned every two days. Dangerous street trees will be removed within 30 days, although falling branches and branches impacting on power lines may not (necessarily) warrant a tree’s complete removal. Residents angry with waste collection being carried out during the night have had their concerns heard in the plan, which recommends that no waste collection be done before 6 am. Calling all artists Deadline for entry to the Municipality of Lane Cove 55th Art Award Exhibition 2018 is looming, but there is still time to enter your artwork. The Lane Cove Art Society invites all artists to enter, not only members. Entry forms and fees by Monday July 23 to John Heffernan, 42 Richardson Street, Lane Cove 2066. Delivery of works : Tuesday July 31 from 11am to 3pm and Wednesday August 1 from 11am to 6.30pm to Gallery Lane Cove, 164 Longueville Road, Lane Cove. Opening night is Friday August 10 in Gallery Lane Cove at 6pm. Exhibition open daily from Saturday August 11 to Saturday August 18 from 10am to 4.30pm (closing 2.30pm on August 18). Enquiries Lane Cove Art Society President Lyn Teal 0432 105 600 or Vice President Julie Percy 0405 712 995. Merrylands Garage Sale A Garage Sale will be held this Saturday July 7 in OES Hall Merrylands from 8am. All proceeds in aid of Grace’s Place, a project of Homicide Victims Support Group. We’re helping businesses grow. jobs.gov.au In 2017, over 400,000 new jobs were created – that’s more than 1100 a day. So if you’re a small to medium business owner who’s wondering about the next step or has changing business needs, there are Government initiatives and incentives to help you hire staff. The Government is offering: • Programs to help you hire or train staff • Financial incentives up to $10,000 to employ eligible staff For more information go to jobs.gov.au Authorised by the Australian Government, Canberra. Murdered Ryde woman Cecilia Haddad POLICE NEWS Police suspect lover of murdered Ryde woman The former boyfriend of murdered Ryde woman Cecilia Haddad (pictured) could avoid extradition from Brazil despite a police warrant for his arrest. Suspect Mario Marcelo Santoro left Australia the weekend Ms Haddad’s body was found in the Lane Cove River area in April.but the arrest warrant does not ensure Brazil will hand him over, due to the extradition process between the two countries. A car found parked at West Ryde railway station has been linked with the case alongside a set of keys - reported to have been found by police - witnesses said were thrown from a car on the Anzac Bridge. Police allege thirty eight year old Ms Haddad, told Santoro to move out of her Ryde apartment weeks before her body was found on Sunday, April 29 but said there was no signs of a disturbance at her home. The Brazilian-born executive moved to Sydney in 2016 to work in the mining industry. Her last confirmed sighting was at a local barbecue the night before she vanished and she is reported to have made a phone call to a friend the following morning Premier Gladys Berejiklian said the NSW government will assist police. “We want to make sure justice is served,” she said. **** A SUSPECTED drug dealer was arrested and charged in Eastwood on Saturday. Police allege the 47 year old Willoughby man was found with the drugs cocaine and methamphetamine during a search of his car in Rutledge Street around 9.15pm on Saturday. The search is also alleged to have found an electric scale, a blister pack containing 10 tablets of Alprozolam, a flick knife with a 9 centimetre blade, a multi-tool with a blade, a used ice pipe and three mobile phones. He was charged with two counts of Supply Prohibited Drug, two counts of Possess Prohibited Drug and Custody of Knife In Public Place. He was given conditional bail to appear in Burwood Local Court on July 16.
Wednesday 4 July, 2018 THE WEEKLY TIMES 13 Comparison rates don’t give Australians enough credit COMPARISON Rates were rolled out by ASIC with good intentions but have turned out to be quite useless, so I’ll continue to lobby for their removal on the basis they’re just not real. A Comparison Rate (CR) is a made-up, notional and unrealistic ‘rate’ which tries to include ongoing fees into the actual interest rate, in a rudimentary effort to estimate the true cost of a loan. It’s like a car salesman giving you a price on a car that wraps up their estimate of fuel and repairs in the next few years. If you have a mortgage you probably pay an annual ‘Package Fee’ of around $395 per annum, which means you pay no other ongoing fees. For an $800,000 mortgage, a $395 annual fee is the equivalent of only 0.05% on top of the rate. So why the big difference between the actual & Comparison rates? It’s because the advertised comparison rates must be calculated on the assumption of a $150,000 loan. On a small loan like that the annual fee represents a whopping 0.26% - so a packaged is usually not recommend on such a small amount and you don’t need to be a rocket scientist to see this is deceptive. The annual Package Fee also includes the annual fee waiver for a Platinum credit card – which might normally be $179. Date: 3 July Is 2018 this 10:48 factored am into the CR? No. Many of my clients get the Raquel, benefits of running dual offset accounts. These are free too. Are these savings included in the CR? No. From: Anthony Stavrinos anthony@weeklytimes.com.au Subject: Fwd: iChoice hates Comparison Rates For clarity, the true costs Regards, of a loan depend on three things you need to ask your broker: Anthony 1. SET UP COSTS: “what is the total cost, to the cent, to set up this -- loan/refinance? Is there ANTHONY a rebate?” STAVRINOS Journalist - The Weekly Times 1. ONGOING FEES: m: +61 (0) 411 188 111 “What ph: +61 (0) are 9807 the 6666 ongoing annual (or monthly) fees?” coffee: piccolo, no sugar! The Barefoot Broker 1. RATE: “Including any lifetime discount, what is the actual rate?” Ask your broker for a 10-year Cost Comparison Projection taking the three things above into account. Ten years will iron out any initial rebate, discounted first year rate and all that nonsense. To: Raquel Palmer raquel.palmer@torchpublishing.com.au, lyle@torchpublishing.com.au Cc: Chris Karas chris@weeklytimes.com.au, Narelle Smith narelle@weeklytimes.com.au Have been trying to copy this table out - but it's a stubborn one. Decided in the end to forward it as it only seems to render properly in an email. Here is an example relating to Dr Elle from Woolwich where I am refinancing her investment loan from CBA to another bank where I’ve negotiated a variable rate of 3.59%, which saves Elle over $8,000 per year. And here is the comparison I provided her, which is much more with Jason Khoury meaningful than a Comparison Rate. I want to make something really clear - iChoice sounds like a franchise, but it isn’t. It’s a family business and there are no banks who own it with me. The fact that iChoice is the only non-franchise All the elements you need seem to be there. Not sure which page it's going on as yet but Chris will have a fair idea. Bank Negotiated by iChoice Product Name Packaged Variable Rocket Repay Variable MAV Variable Loan Amount $1,200,000 $1,200,000 $1,200,000 Interest Rate 3.59% 4.29% 4.30% Repayments $5,449 per month $5,931 per month $5,938 per month App Fee Settlement: $250 Settlement: $200 Monthly Fee $0 $0 $0 Annual Fee $350 $395 $395 Comparative Saving $81,918 $1,357 $0 in 10 Years e: anthony@weeklytimes.com.au brokerage to be ranked by in the MPA Top 10 brokerages in Australia and number one in NSW, warms my heart. It’s happened very quickly. I was a sole trader 3 years ago and have since employed 4 staff and have a second office. Jason at Ryde Park on the weekend with little Simon, Jackson & Tyson How did I do it? The trick is to be able to clearly explain things to people without all the jargon and sales-talk we all get sick of. I keep it real, unlike the banks, that ramble on about features. I concentrate on the benefits that these features provide, taking into account the client’s unique situation and measure success by the number of people I’ve helped, not by volumes and certainly not by income. I’m honest with a genuine passion to help others get safely ahead and I find it hard to distinguish between friends and clients, because I treat everybody in my life the same. My team - Victoria, Alexia and Maroun - have driven our growth, using the same principles I’ve outlined and are capable and compassionate people I’m proud to have among my dearest friends. Get in touch with me - Jason - on 9743 0000 or 0400 900 300. On a totally unrelated subject, I took the kids for lunch on the weekend at the caf, in Ryde Park. It’s just so beautiful there. Maybe I should host a sausage sizzle for all TWT readers one day - stay tuned for more on that. LEARN TO ICE SKATE During the holidays with Sydney’s most successful Skating School. You might be our next Winter Olympian! FROM 5 YEARS THROUGH TO ADULTS School holiday learn to skate classes. Classes are 1 hour group lessons followed by Public Skating CLASS DATES: Monday 9th – Friday 13th July Monday 16th - Friday 20th July CLASS START TIME: 9:30am - 10:15am PUBLIC SKATING SESSIONS: 10.15am-12.15pm CONFIDENTIALITY NOTICE: This e-mail and any attachments are for the named person's use only and may contain information that is confidential or legally privileged. If this e-mail has been sent to you by mistake or you are not the intended recipient, you are not entitled to use it in any way and must permanently delete it and any attachments. Thank you. Please consider the environment before printing this e-mail Cost is $25.00 per person for a 45min group lesson at 9:30am to 10:15am including skate hire and public skating from 10:15am-12:15pm inclusive. TASKER PARK, PHILLIPS AVE, CANTERBURY www.canterburyolympicicerink.org.au | ph 9789 4044 ! For more information, please visit us at www.canterburyolympicicerink.org.au
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The Weekly Times - TWT - 4th July 2018

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