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A recent survey revealed 41% of Australians have credit card debt and of those nearly 4 million cannot afford to repay it! In addition: The average Australian household has a debt of around 185% of their annual disposable income. Australian households have the fifth highest debt levels in the world with household debt increasing fourfold […]
Once upon a time when the cash rate moved (up or down), most lenders would typically move their interest rate in alignment with the cash rate change. Have you noticed that when the cash rate moves up the lenders are quick to pounce on an increase and pass these increases on to us – the […]
How much do you know about YOUR home loan? Take this quick quiz (answer YES or NO). Do you know: Your current interest rate? If your rate is fixed, variable or split between the two? The remaining term of your home loan? If you have a ‘no frills’ home loan or is it packaged with other finance products? If you have an offset account? The purpose of an offset account? If you have a redraw facility? If so, do you use it? If your loan attracts a […]
Did you know that your skill and experience in managing a tight budget could make you a better property investor than some big spending high income earners? We often meet people who are hooked on the good life: living in expensive suburbs, fancy cars, frequent dining out and overseas holidays. You’d be surprised however, at […]
Getting engaged is the beginning of a whole new chapter in most people’s lives. For many couples, planning the wedding is the first big step of their joint future. Amongst the celebrations and excitement it is easy to overlook some fundamentals of life together – such as how you will manage your money. Taking tme […]
Saving for it. Saving for a home loan or mortgage isn’t glamorous but it has to be done. So here are some savings tips for first home buyers to help get you into the property market. How much should I be saving? One of the first rules of saving is to set a goal. But […]
Whenever it makes financial sense to do so. Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a home loan in Australia now is just 4-5 years. […]
What is identity theft? Identity theft is a type of fraud. It involves stealing money or gaining other benefits by pretending to be someone else. Having your identity stolen can be devastating – both financially and emotionally. Identity theft can occur in many ways. It may include someone using your credit card details illegally to […]
Most of us have heard the saying ‘Location, location, location’,but have we thought about what it actually means? Is it the only factor when considering buying an investment property? Location, location, location. There is no doubt that location is the single most important factor in determining a good investment property. It influences your ability to […]