The wildfires ravaging Los Angeles have caused unprecedented destruction, claiming lives, razing thousands of homes and businesses, and resulting in a staggering economic loss estimated at $135 billion to $150 billion USD (approximately $219 billion to $243 billion AUD). Insurance companies are reeling, with insured losses projected to exceed $20 billion, highlighting the financial strain such disasters impose on both individuals and the industry.

For Australians, the parallels are clear. Rising insurance premiums and increasing instances of uninsurable properties due to climate risks, such as floods and bushfires, present an emerging challenge. As these risks grow, so does the pressure on homeowners to secure adequate coverage—an essential requirement for mortgage approvals.

Australia’s Insurance Dilemma

The Australian insurance market is already grappling with the aftermath of recent disasters. In 2022, major floods revealed critical flaws in the system. A government inquiry, detailed in the report Flood Failure to Future Fairness, outlined widespread failures by insurers to support policyholders, including delays, low settlements, and inconsistent decision-making. The inquiry recommended 86 reforms to address these issues, such as:

• Improved flood risk disclosures during property transactions.
• Stricter building codes for disaster resilience.
• Regulatory measures to discourage banks from financing high-risk developments.
• Expansion of buyback and resilience programs for the most vulnerable properties.

These measures aim to balance the growing risks with the need for affordable and accessible insurance.

A Looming Crisis for Homeowners and Banks

Australia’s banking leaders have voiced concerns about underinsurance, particularly in high-risk areas. Rising premiums—driven by climate change and cost-of-living pressures—have left some homeowners unable to maintain adequate coverage. Commonwealth Bank of Australia’s CEO, Matt Comyn, highlighted that some properties are becoming virtually uninsurable, creating potential risks for both homeowners and lenders.

Similarly, NAB’s executives have described this as an “emerging challenge,” noting that the affordability of insurance is increasingly tied to broader issues, such as housing supply in high-risk regions. Banks are now exploring strategic partnerships with insurers and customers to address this growing concern.

The Path Forward

As climate risks intensify, Australia faces tough questions about the future of homeownership and insurance. Government intervention, industry collaboration, and community resilience investments will be critical to mitigating these challenges. Measures like improving disaster readiness, revising building standards, and creating fairer insurance practices could help secure the housing market against climate-driven threats.

The wildfires in Los Angeles serve as a cautionary tale. Without swift and strategic action, Australia risks facing similar challenges, where securing a home means not just affording the property but also navigating the rising tide of insurance and climate risks. It’s a pressing issue that demands attention before the next disaster strikes.

Navigating the complexities of homeownership, insurance, and mortgages can be challenging, especially in today’s climate. As a mortgage broking company, we’re here to help you find tailored solutions to protect your property and secure the right financial options for your needs. Contact us today to learn more about how we can assist you.

The post Is Insurance the Next Big Challenge for Homeowners? first appeared on Mortgage Brokers Brisbane Gold Coast.

While it might be tempting to perceive landlords’ rent increases as a straightforward money-making endeavor, the reality is far more intricate. Despite the surge in rental payments, most landlords are still struggling to cover the additional mortgage expenses incurred due to interest rate hikes, which have soared by as much as 4% since May last year.

As a result, landlords are also grappling with tough decisions, pondering whether it’s the right moment to sell their properties. Navigating these decisions can be challenging for both tenants and landlords, and, as your finance specialists, we’re here to offer guidance and support.

Before hastily deciding to sell your investment properties, please consider the following points:

1. Don’t Panic! Financial experts predict that interest rate hikes are nearing their peak and are expected to plateau soon. Within a year, interest rates may start to decrease again. Selling in haste might mean missing out on potential future opportunities in the market.

2. Prepare for Additional Costs Selling a property comes with expenses such as marketing costs and sales commissions, followed by acquisition costs on your new property, including stamp duty, legal fees, finance charges, and reletting costs. Additionally, keep in mind that Capital Gains Tax (CGT) applies to all investment properties if the selling price is higher than your purchase price and costs.

3. Consider Potential Tax Implications Higher costs can lead to higher negative gearing and additional tax considerations, affecting CGT. Consult with your accountant or refer to the ATO website for guidance on CGT and consider applying for a PAYG withholding variation to manage cash flow.

4. Explore Refinancing Opportunities Some lenders have adjusted their servicing criteria, favoring good mortgage payers and those with substantial equity. Refinancing to a lower rate might be more feasible now than it was in the past year.

5. Long-Term Investment Perspective If you are a long-term property investor, it may be more advantageous to sit tight and wait for the market to stabilize. Rushing into a decision now might not be in your best interest in the long run.

However, there are potential roadblocks to consider, such as tenants’ rights. When you decide to sell a property that tenants have called home, they may not be pleased about having to leave. It’s crucial to understand the legal obligations and notice periods you have with your tenants. If possible, consider having them vacate the property before selling to enhance your selling price, though this might mean sacrificing rental income during the vacant weeks and settlement period.

Pause and reflect on your initial reason for acquiring the property as an investment. Remember the long-term commitment you made to secure dependable and continuous income for your future. Selling now could have lasting implications for your financial goals and stability, so it’s essential to carefully evaluate the potential risks and consequences.

Some properties may not be suitable for long-term investment and ownership. In such cases, seek the guidance of professionals, including an accountant, vendor advocate, and a trusted real estate agent, to make an informed assessment of the property’s viability as an investment.

In conclusion, it’s crucial to be well-informed about the costs involved in selling your investment property and compare them with the expenses of holding it. With our extensive experience, we can assist you throughout the process and introduce you to other specialists who can help you gain a comprehensive understanding of the financial implications of both options. Ultimately, we’re here to empower you to make a well-informed and confident choice.

If you’ve been contemplating selling your investment property, we urge you to reach out to us for a discussion. Let’s explore all available options together before finalizing your decision.

The post Rising Rents and Property Ownership: What You Need to Know first appeared on Mortgage Brokers Brisbane Gold Coast.

Whether you choose to manage the property yourself or hire a property manager, the goal remains the same – finding and maintaining good quality tenants. To achieve this, here are some valuable tips to consider:

1. Set a Fair Rental Price

While rental prices have seen a significant increase in many areas, it’s crucial not to automatically hike up the rent on your property. Instead, use the local area average as a guide to set a fair rental price. Going too high may limit the pool of potential applicants, making it harder to find suitable tenants.

2. Highlight Your Property’s Features in Advertising

When advertising your property, ensure your property manager focuses on showcasing its best features. Highlight local benefits such as nearby shops, schools, public transport, and entertainment options like pubs and restaurants. Presenting these advantages can attract more prospective tenants.

3. Check References Thoroughly

When screening applicants, make sure to check their references meticulously. A reference from their previous landlord is crucial in understanding their rental history. Inquire about the condition of the property upon departure, punctuality of rent payments, and any past complaints from neighbors.

4. Maintain an Immaculate Property

To attract the best tenants, it’s essential to present a well-maintained property. Take the time to fix any issues, ensure the property is clean, and keep the gardens neat and tidy. A fresh coat of paint can also make a significant difference in creating a positive first impression.

5. Be a Responsive and Considerate Communicator

Good communication is key to maintaining a positive landlord-tenant relationship. If your tenants are responsible and timely with rent payments, it’s worth reciprocating by providing sufficient notice before inspections or visits. Being respectful of their privacy and needs can go a long way in building rapport.

How to Keep Good Tenants

Once you’ve found great tenants, it’s equally vital to maintain a positive relationship with them. Here are some steps to follow:

A. Attend to Maintenance Issues Promptly

Respond promptly to any maintenance requests from your tenants. A quick resolution shows that you value them and their well-being. Keeping them informed about the progress of repairs also fosters trust and rapport.

B. Conduct Regular Inspections

Regular property inspections allow you and your property manager to ensure that the property is well-maintained. It also gives tenants an opportunity to discuss any concerns they may have, demonstrating your active interest in the property’s condition.

C. Maintain a Positive Rapport

Fostering a positive relationship with your tenants encourages cooperation throughout their lease period. Be open to considering requests for changes to lease conditions or addressing any concerns they may raise. If you must reject a request, provide a written response with sound reasons for your decision.

D. Be Realistic About Damage

Accidental damage can happen even with the most careful tenants. When assessing damages, be reasonable and considerate, particularly if their overall track record has been good. Landlord insurance can provide peace of mind, covering both accidental and malicious damage, as well as loss of rental income.

By following these guidelines and maintaining a strong relationship with your tenants, you can ensure a successful and rewarding experience as a landlord. Remember, happy tenants are more likely to stay longer, take better care of your property, and contribute to your investment’s long-term success. For personalized insights and expert advice on property investment, refinancing, mortgage brokers, loans, interest, and other property-related topics, feel free to reach out to us today! Let us help you make the most of your property investment journey.

The post Happy Tenant, Happy Landlord: The Key to Successful Property Investment first appeared on Mortgage Brokers Brisbane Gold Coast.

Financial Stability and Mortgage Eligibility

Prior to purchasing an investment property, it is crucial to evaluate your financial stability. Analyze your current income, savings, and existing debts. Consider whether you have sufficient funds or equity in your home to cover the deposit, purchasing costs, and ongoing property expenses.

Maintaining a strong credit score is also essential as it can impact your mortgage eligibility and the interest rate offered. It is important to establish a solid financial foundation to manage potential vacancies, property maintenance, and unexpected costs.

Understanding the Real Estate Market

A comprehensive understanding of the real estate market is vital for making informed property decisions. Research the local market trends in the area where you intend to invest, including property values, rental demand, and potential rental income.

Pay attention to indicators such as job growth, infrastructure developments, and population changes, as they can significantly impact the desirability of an investment property.

Engaging with real estate professionals, such as property buyers’ agents, and attending reputable property seminars can provide valuable insights into the market. Networking with experienced property investors is also an excellent way to gain knowledge and guidance.

Developing a Solid Property Strategy

Before purchasing an investment property, it is important to have a well-defined property strategy. Seek professional assistance, such as a financial planner, to determine your property investment goals and objectives.

Consider whether you aim for long-term wealth accumulation, cash flow generation, or portfolio diversification. Evaluate your risk tolerance and the available time horizon.

Decide whether you want to focus on residential or commercial properties, and whether you prefer fix-and-flip projects or rental properties. Analyze the advantages and disadvantages of each strategy and align them with your property goals.

Creating a detailed financial plan that includes projected cash flows, estimated expenses, and potential returns is essential. A clear property strategy will guide your decision-making process and increase the likelihood of success.

Property Research and Due Diligence

Thorough research and due diligence are imperative when purchasing an investment property. Identify potential properties and analyze their location, amenities, neighborhood characteristics, and potential for capital appreciation.

Evaluate the condition and age of the property, as well as any necessary repairs or renovations required.

Conduct a comprehensive property inspection and review relevant documents, such as property taxes, insurance, and previous rental history. Additionally, research local rental market conditions, vacancy rates, and rental rate

The Importance of Pest Inspections and Building Reports

Before finalizing a property purchase, it is strongly recommended to invest in a pest inspection and a building report. Here are the key reasons why these reports are crucial:

Identifying structural issues

A professional building report can uncover structural problems that may not be apparent to an untrained eye. This report provides valuable information about the property’s condition, including foundations, walls, roof, plumbing, electrical systems, and more. It helps identify potential costly repairs or renovations that may be required in the future.

Assessing safety and compliance

A building report highlights any safety hazards or non-compliance issues that need attention. These issues could involve faulty wiring, inadequate insulation, or non-compliant building modifications. Knowing about these issues in advance allows you to factor them into your decision-making process and negotiate repairs or price adjustments with the seller.

Uncovering pest infestations

Pest inspections are essential to identify the presence of pests such as termites, rodents, or ants that can cause significant damage to a property. Professional inspectors can detect signs of infestations and assess the extent of the damage caused. Being aware of existing pest issues enables you to evaluate potential eradication and repair costs, as well as consider the long-term impact on the property’s value.

Negotiating power

The findings from a building report and pest inspection provide valuable information for negotiations with the seller. If significant issues are uncovered, you may have the opportunity to negotiate a lower purchase price or request that the seller addresses the identified problems before closing the deal. This can help protect your investment and potentially save you from unexpected expenses later on.

Peace of mind

Conducting thorough inspections provides peace of mind when making a significant financial commitment. By understanding the property’s condition and potential issues upfront, you can make an informed decision about whether it aligns with your investment goals and risk tolerance.

In conclusion, purchasing an investment property requires careful planning, financial stability, market knowledge, and thorough research. Assessing your financial situation, understanding the real estate market, and developing a clear property strategy are essential steps toward success. Conducting thorough due diligence, including pest inspections and building reports, provides crucial information about the property’s condition and potential issues. Armed with this knowledge, you can negotiate effectively, protect your investment, and enjoy peace of mind. By evaluating these factors, you can determine your readiness to invest in an investment property.

The post Are you ready to buy an investment property? first appeared on Mortgage Brokers Brisbane Gold Coast.

Positive Shift in the Housing Market

While we cannot predict the future of the property market with certainty, several indicators suggest that property prices across the country have reached their lowest point. In April, CoreLogic’s Home Value index reported consecutive monthly increases after nearly a year of decline. Tim Lawless, CoreLogic’s Research Director, states that these figures imply that Australia’s housing market downturn has likely passed. Furthermore, auction clearance rates remain slightly above the long-run average, sentiment has improved, and home sales are aligning with the previous five-year average.

Implications of a Growing Market

The aforementioned developments indicate that the housing market is on the verge of experiencing unprecedented growth. It is not uncommon to hear people say, “I wish I had bought that property back then” or “I regret selling when I did.” While not everyone can seize this opportunity immediately, it is crucial to approach any investment with thorough due diligence and careful consideration.

Key Considerations for Property Investment

Planning: Evaluate your financial situation and determine a comfortable investment amount that won’t compromise your financial stability. Establish clear property goals and set a realistic timeline to maximize potential capital appreciation.

Diversification: Consider diversifying your property portfolio across different types of properties (e.g., units, villas, townhouses, houses, or commercial properties) or in different states to spread your risk. This strategy safeguards your portfolio in case a specific property type underperforms.

Research and Due Diligence: Invest sufficient time to understand the market and the factors driving anticipated growth. Analyze potential risks and economic influences that might impact property appreciation.

Seek Professional Advice: If you lack expertise or feel uncertain about property purchasing decisions, consult with a property advocate or other industry professionals who can offer guidance tailored to your specific circumstances.

Emotion Management: Avoid letting the fear of missing out (FOMO) or short-term market fluctuations dictate your property decisions. Maintain a long-term perspective and make rational choices based on thorough analysis.

Investing in the property market always carries some level of risk, as market conditions can be unpredictable. However, the current landscape presents an opportune moment to consider strategic investments. Conduct thorough research, carefully evaluate risks and potential rewards, and seek professional advice when needed. Remember to base your decisions on informed analysis and align them with your risk tolerance. We are here to assist you with your finance options, so feel free to reach out and discuss your property purchasing plans today!

The post Will Our Housing Market Cope? first appeared on Mortgage Brokers Brisbane Gold Coast.

What is the Australian financial year?

The Australian financial year, also known as the fiscal year, is a designated period utilized for tax obligations, budget planning, and financial reporting in Australia. It spans from 1st July to 30th June of the following year, deviating from the conventional calendar year of 1st January to 31st December. This framework was legally established in 1851 as a means to streamline taxation processes and facilitate accurate financial reporting. Adhering to the Australian financial year is of utmost importance in order to ensure compliance with reporting requirements set by the Australian Taxation Office (ATO).

Simplify Your End-of-Financial-Year Preparations in Australia with These Handy Tips

1. Keep Your Records Up to Date: Start by organizing your important paperwork. It’s crucial to maintain records such as receipts for sales and business purchases, tax returns, Business Activity Statements, GST returns, and employee super contributions. Keeping these documents handy will make it easier to navigate through the EOFY process efficiently.
2. Simplify Accounting with Online Tools: Separating your personal and business banking can significantly simplify your accounting tasks. By having a dedicated business bank account, you can consolidate all your business expenses in one place while avoiding the risk of mistakenly claiming personal expenses. If you have access to online banking, take advantage of features such as third-party access to share information with your accountant and bank feeds to integrate your banking facilities with accounting software.
3. Maximize Your Deductions: Understanding which expenses are eligible for tax deductions is essential for maximizing your savings. As a business owner, you can typically claim deductions for business expenses like interest and fees on loans. Remember to keep records to support your claims. Additionally, consider taking advantage of the government’s temporary full expensing incentive to immediately deduct the cost of eligible business assets.
4. Fulfill Superannuation Requirements: If your business has superannuation guarantee (SG) obligations, ensure that employee contributions are paid by 30 June 2022. Meeting these requirements not only fulfills your obligations but may also allow you to claim a tax deduction on your income tax return. Contributions should be made to complying superannuation funds or retirement savings accounts for the benefit of your employees.
5. Stay Mindful of Important Dates: Avoid penalties and stay on top of your obligations by noting all the crucial dates in your calendar. Setting reminders for lodgment deadlines and other important tasks will help you stay organized and compliant with the Australian Taxation Office (ATO).

Preparing for the end-of-financial-year doesn’t have to be daunting. By following these five straightforward steps, you can efficiently manage your paperwork, simplify your accounting, maximize deductions, fulfill superannuation obligations, and stay on top of important dates. Remember, staying organized and informed will lead to a smoother transition into the new financial year while ensuring compliance with ATO regulations. Talk to our experts and kickstart your financial year on the right foot now!

The post A Fresh Start for Financial Triumph: The New Financial Year first appeared on Mortgage Brokers Brisbane Gold Coast.

Imagine a world where your loan works tirelessly to serve your financial goals. Enter refinancing, a magical process that replaces your existing loan with one that offers superior terms. With the potential to secure a lower interest rate, shorten your repayment period, or switch to a fixed interest rate, refinancing is a strategic move that can transform your financial landscape. However, like any important decision, it’s crucial to navigate the process and assess the potential risks before taking the plunge.

Let’s explore the compelling reasons why refinancing is an option you should seriously consider:

Harness Lower Interest Rates: If interest rates have dropped since you first obtained your loan, refinancing presents a golden opportunity to take advantage of these reduced rates. By doing so, you’ll save a significant amount on interest payments throughout the life of your loan. It’s an opportunity too good to ignore.

Accelerate Debt Repayment: Time is of the essence when it comes to freeing yourself from the shackles of debt. Refinancing allows you to shorten your repayment period, helping you pay off your debt faster while reaping long-term interest savings. Get on the fast track to financial liberation.

Relief through Reduced Monthly Payments: If your monthly loan payments have become overwhelming, refinancing can be a lifeline. By extending the repayment period or securing a lower interest rate, you’ll experience the welcome relief of reduced monthly obligations. Regain control of your budget and breathe easier.

Find Stability in Fixed Interest Rates: Bid farewell to uncertainty and embrace stability with open arms. If you’re currently juggling a variable interest rate loan, refinancing enables you to switch to a fixed interest rate. Enjoy the predictability and peace of mind that come with knowing your monthly payments will remain constant. It’s a game-changer.

Navigating the Refinancing Journey: Your Path to Success

Embarking on the refinancing journey is an exhilarating endeavor. Here’s your step-by-step guide to navigate the process with confidence:

Evaluate Your Current Loan: Before you set sail, familiarize yourself with the terms of your existing loan. Understand the interest rate, repayment period, and any potential fees or penalties for early repayment. This knowledge will serve as your compass, guiding you toward the best course of action.

Shop Around for Rates: Cast your net wide and explore the offerings of different lenders. Compare interest rates, fees, and loan terms, seeking the best possible option tailored to your unique needs. Your perseverance will be handsomely rewarded.

Apply for the New Loan: Once you’ve identified the ideal loan, it’s time to make your move. Complete the application process and provide the necessary documentation, such as proof of income or credit history. Present a strong case that showcases your financial readiness.

Close the New Loan: Hooray! Your loan application has been approved. The final step involves closing the loan, which entails signing a new loan agreement and covering any associated fees or closing costs. Embrace this milestone and look forward to a brighter financial future.

Understanding Potential Risks: A Prudent Approach

While refinancing can be a transformative step toward financial well-being, it’s essential to acknowledge and mitigate potential risks. Here are the factors to consider:

Mindful of Fees and Closing Costs: Refinancing may come with its fair share of fees and closing costs. Be diligent in evaluating these expenses, as they can accumulate. However, remember that the long-term benefits often outweigh the initial investment.

Balancing Act of Repayment Periods: Extending the repayment period when refinancing may provide temporary relief in monthly payments. However, be aware that you may end up paying more in interest over the life of the loan. Find the right balance that aligns with your financial goals.

Beware of Prepayment Penalties: Some loans carry prepayment penalties, which require a fee if you pay off the loan ahead of schedule. Before diving into refinancing, carefully review your current loan agreement to avoid any unwelcome surprises down the road.

The Credit Score Impact: Applying for a new loan can impact your credit score, particularly if you simultaneously apply for multiple loans. Understand the potential effects on your credit standing before proceeding with a new loan application.

In conclusion, refinancing holds immense potential for borrowers seeking to optimize their financial situation. However, it’s crucial to approach this endeavor armed with knowledge. By evaluating your current loan, diligently researching rates, and remaining cognizant of potential risks, you’ll be equipped to make an informed decision about whether refinancing is the right move for you. Empower yourself with the tools and understanding to pave the way for a brighter financial future.

The post Unlocking Financial Freedom: The Art of Refinancing first appeared on Mortgage Brokers Brisbane Gold Coast.

One of the biggest benefits of using a mortgage broker is that they have access to a wide range of lenders and loan products. This means that they can find a mortgage that is tailored to your specific financial situation and requirements. Mortgage brokers are also knowledgeable about the latest trends in the mortgage market and can advise you on the best time to lock in a rate. 

Here are some more benefits of using a mortgage broker: 

1. Expert advice: Mortgage brokers have extensive knowledge and experience in the mortgage industry and can provide valuable advice on the different types of mortgages available, the pros and cons of each, and which one is best suited for your financial situation. 

2. Timesaving: Shopping for a mortgage can be a time-consuming and daunting task. A mortgage broker can save you time by doing research and legwork for you, presenting you with options that fit your needs, and guiding you through the application process. 

3. Negotiation: Mortgage brokers have established relationships with lenders and can often negotiate better terms and rates on your behalf than you would be able to negotiate on your own. 

4. Support throughout the process: A mortgage broker can offer guidance and support throughout the mortgage application process, from pre-approval to closing. They can help you understand the various fees and charges associated with the mortgage and ensure that everything is in order before closing. 

5. No cost to you: Most mortgage brokers is paid by the lender, so there is no additional cost to you for their services. This makes it a cost-effective option for borrowers who want to find the best mortgage rates and terms without breaking the bank. 
   

Overall, working with a mortgage broker can be a smart choice for anyone looking to secure a mortgage. With their expertise, access to multiple lenders, and ability to negotiate on your behalf, a mortgage broker can help you find the best mortgage options and save you time and money in the process. 

The post Mortgage Brokers: The Benefits of Using One   first appeared on Mortgage Brokers Brisbane Gold Coast.

If you’ve ever spent hours agonising over a light fitting, only to wonder if anyone other than you will notice it, listen up. Here’s just the study for you. Researchers have used eye-tracking technology to monitor where people look when they first see each new room in a house.

The study, conducted for insurance site confused.com, recorded not only what objects and fittings people looked at the most, but what held their attention for the longest. And the stars of the show aren’t always what you would expect.

The results were ranked room by room and trend by trend to give would-be decorators a few clues about whether to splash out on a boucle chair or a mid-century coffee table.

One important thing to bear in mind, of course, is that while trackers can tell us what people look at, they can’t tell us why. There is always a chance people are looking at something that catches their eye for all the wrong reasons. But people generally looked at the same objects in a similar order.

Kitchen

The kitchen is easily the biggest-ticket room in most homes and usually involves the most design decisions. So, who would have picked that flooring is the feature people spent the most time looking at? It’s a reminder to us all to sweep and mop.

Flooring was followed, perhaps more predictably, by cabinetry, which along with benchtops is easily the biggest design decision in this space.

At the other end of the scale the things people looked at the least were the cooktop, range hood and any artwork.

The kitchen top five were floor, cabinets, sink, countertop, and windows.

If you’re sprucing up your home for a sale, bear in mind other studies of buyer behaviour at open homes have found potential purchasers always open cabinet doors and drawers to check sturdiness and storage. They also turn on taps to assess water pressure in kitchens and bathrooms.

Living room

The most expensive items are way down the list, with wall art the most overlooked living room feature.

TVs were also near the bottom, although, to be fair, many people don’t want a television to be the focus of a living room. A recent trend towards black feature walls aims to camouflage screens and throw the focus back on furniture.

However, splashing out on a special coffee table or feature rug clearly pays off in impact.

The living room top five were coffee table, rug, soft furnishing (cushions/sofa), floor, and fireplace.

Bathroom

Perhaps it’s just vanity, but researchers found mirrors were the most eye-catching bathroom feature in this study, followed closely by under-sink drawers and cabinets.

It seems the big message here is don’t sweat the small stuff, with participants in the study looking the least at taps, lighting, towel rails and toilet roll holders. Taps clocked only 11 glances, holding the attention of observers for an average of 305 milliseconds, compared to drawers, which clocked 162 looks and held the gaze for around 1,888 milliseconds.

Interestingly, tiles – often the most-considered bathroom choice – only came in seventh, but perhaps they are a feature that work hardest as a backdrop rather than a focal point.

The bathroom top five were mirror, under-sink cabinets, sink, toilet, and bath.

Bedroom

Unsurprisingly it was soft furnishings such as throws and doonas that won the day here.

But a nice outlook and natural light may also be important with many participants also looking at the bedroom windows.

As opposed to kitchens, flooring in the bedroom was near the bottom of the list, with neutral carpeting probably a standard choice.

The bedroom top five were bed throw, doona/quilt, drawers, window, and decorative cushions.

Home office

While a desk may be your major consideration when setting up a work room, it can go relatively unnoticed.

The clear winner in this experiment was the office chair, which people looked at nearly three times more often and longer than the second-placed monitor screen.

The office top five were office chair, monitor, shelving, art, and rug.

Top trends

Researchers also decided to put distinctive décor to the eye-tracking test, packing rooms with a range of on-trend features, then measuring how quickly people homed in on these items. The clear winner is nostalgia, with 1940s and 50s-inspired boucle-textured furniture taking out the top spot followed by a host of 60s and 70s trends.

The distinctive decor top ten were boucle furniture, rattan furniture, dark kitchen cabinets, mid-century furniture, berber rugs, painted arches, herringbone flooring, macrame, black shower fixtures, and dried flowers.

^{Data from insurance comparison site confused.com}

The post Eyes spy first appeared on Mortgage Brokers Brisbane Gold Coast.

And while the big corporates are in the spotlight, individuals also need to consider their daily activities and find ways to minimise their own emissions.

Everything we do has an impact – from how we get to work, the type of car we drive, how we heat or cool our homes, the types of meals we put on the table, and of course our holiday destination choices.

And it all adds up. The average Australian household (2.6 people) emits 15-20 tonnes of greenhouse gasses (GHGs) annually, collectively adding up to about a fifth of the nation’s emissions.

The United Nations warns that if carbon emissions in wealthy countries like Australia aren’t cut to two tonnes of carbon dioxide equivalent per person per year by 2030, it will not be possible to achieve the Paris Agreement’s long-term goal of limiting global warming to 1.5C above pre-industrial levels.

That means the average 2.6 person family should be aiming for 5.2 tonnes a year – about a quarter to a third of current volumes.

The message from Perth-based environmental charity Carbon Positive Australia is that we all need to reduce, reflect and restore to protect our planet. That means cutting our emissions and finding ways to offset the remainder.

Fortunately, there is plenty that can be done around the home and through our daily activities to slash emissions and play our part in achieving a greener future.

Getting started

To cut emissions, you first have to know the amount of GHGs you’re producing, and where these coming from.

A national online carbon calculator, launched by Carbon Positive Australia, can get you started in understanding your own footprint at https://carbonpositiveaustralia.org.au/calculate/.

It will take about 5-10 minutes to input key information about your consumption and lifestyle across six categories – travel, energy, water, transport, food and drinks, and waste.

You can choose to include any or all of these categories, and if you don’t have exact usage, Australian averages are available.

At the end of the calculation, you’ll receive an itemised footprint with tailored insights to help you cut your emissions. As you make changes to your habits you can continue using the calculator to track your progress.

Finding the balance

While there’s plenty that can be done to reduce your impact, it’s extremely difficult to reduce absolutely all emissions. To account for the unavoidable emissions you produce, you can consider carbon offsetting.

Offsetting involves a donation to projects that remove or reduce greenhouse gases from the atmosphere – balancing out those produced.

It would be difficult, for example, to give up travel, but it can be done guilt-free if offsetting the emissions. A long-haul flight can generate about five tonnes of carbon dioxide emissions, but these can be offset for about $100, based on current prices.

Popular types of offset projects include reforestation and tree planting, renewable energy projects, waste and landfill management and carbon-reducing agricultural practices.

It is important to remember though, that offsets should only be used after steps to reduce as many emissions as possible have been taken.

Individuals can buy offsets through specialist companies and charities including Carbon Positive Australia and Greenfleet, which focus on tree planting and land restoration projects to sequester carbon and restore natural ecosystems.

Funds donated to these offset providers are directed into different regeneration or vegetation projects, so it’s worth checking the individual websites to look at the projects they have underway.

There are plenty of ways to offset, including by the tonne. It can cost about $18-$20 per tonne to offset emissions, meaning an average household of 2.6, which reduces its emissions to 5.2 tonnes a year, could offset for a little over $100, tax deductable.

There’s also the option of offsetting for more tailored activities, such as individual flights, vehicles or food and drink, or making a flat donation, which can be done through many providers.

The more people opt to reduce emissions and offset the remainder, the better chance we have of managing the impact of climate change.

Tips for cutting your carbon footprint

Investing in a greener future

• Consider installing solar panels to convert sunlight into electricity. If not possible, switch to green power sources where available.
• Make your home more energy efficient, such as double-glazing windows, and improving insulation.
• Change to energy-efficient LED bulbs which use up to 80 per cent less electricity.
• Choose appliances wisely, opting for high energy star ratings.
• Consider a hybrid or electric vehicle that you can charge with renewable energy.

Earth friendly habits

• Walk, ride, use public transport or carpool to work.
• Reduce the emissions from your commute to work if your employer allows and try working from home occasionally.
• Keep your pantry organised, plan meals and only buy the food you will eat.
• Try growing your own food with a vegie patch and plant a few fruit trees, even keeping a few chickens for eggs if you have the space.
• Shop local to cut down food miles. Taking advantage of local produce while in season also cuts food miles.
• Go plastic-free by refusing use of single-use plastics.
• Carry a water bottle, filled from the tap, and opt for a reusable coffee cup.
• Compost food and garden waste yourself.
• Avoid fast fashion and consider renting, borrowing, or searching op shops for that new look.
• When no longer needed, donate any good condition items or clothing, rather than sending to landfill.
• Turn off appliances left on standby and always switch off lights not being used.
• Take shorter showers.
• In winter, dress for the weather and layer up, rather than keeping the heating up high.

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