A big four bank almost overhauled its broker remuneration model so that the cost of mortgage broking services would be transferred to the customer, the royal commission heard. Here’s how to prevent that from happening.
Seven in 10 Australian mortgage holders have not stress tested their home loan. But don’t stress, it’s much easier to do than you think.
One in six customers who use payment methods such as Afterpay and Zip Pay run into financial strife – and ASIC is putting the ‘buy now, pay later’ industry under the spotlight.
We thought we’d have a little fun this week and look at how much it costs the average Aussie family to own a pet. After all, two in three households have one and very few budget for them!
One of the biggest milestones you’ll encounter on your climb up the property ladder is becoming a landlord. Which means that one big decision you’ll face is whether to hire the services of a managing agent, or take on the responsibility yourself.
Most of us roll our eyes when we start seeing shopping centres spruik Christmas merchandise in November. While it’s important not to get caught up in the festivities too early, now’s actually a great time to start prepping to ensure your budget doesn’t blow out over the silly season.
There’s been a couple of fairly big property-related announcements recently, including a stamp duty overhaul in NSW and NAB increasing interest rates. Let’s break down what they could mean for you.
Property owners and prospective first home buyers are increasingly in need of clear guidance on home lending as the housing markets in Melbourne and Sydney begin to cool, says the Housing Industry Association.
When it comes to money-saving and budgeting, many of us are in the dark as to where we should be making significant savings. A good place to start? Cutting down on ‘micro-transactions’.
With housing values falling across half of Australia’s capital cities over the past year it can be all too easy to forget many regions are doing well. Here’s where property prices have recently experienced healthy growth.
Business partnerships are a lot like marriages. You map out future goals together, become quite dependent on each other, and shy away from the thought of your partner no longer being around. Here’s how Buy/Sell Insurance can help protect your business.
It’s an unfortunate fact of life: as you grow older, your memory is likely to fade. While you’ll probably be forgiven for forgetting the odd anniversary, the stakes are much higher when it comes to keeping track of your finances.
It may seem as though every time you open a newspaper there’s another story about the sky falling in on the property market. But here’s why it’s being labelled the “house price fall we had to have”.
Buying a house by the sea in a little known coastal town is no longer reserved for retirees. New research shows that those flocking to coastal towns are now predominately young families.
Just like a Melbourne Cup winner tearing down the outside, the October 31 tax deadline can quickly rush up on you. As the Australian Tax Office can fine those who fail to get theirs in on time, it might be time to get cracking.
Sticking to a financial plan – such as paying off a mortgage – can be a long journey that’s punctuated by high highs and low lows. Here are some tips to get you through the tougher times.
You’ve probably seen ‘negative gearing’ and ‘capital gains tax’ in the news recently. That’s because they’re set to become hot topics ahead of the next federal election. Today we’ll take a look at both.
We all know that choosing the perfect investment and getting the timing right are both critical. What people often overlook, however, is selecting the right investment ownership model.
A question we often get goes something along the lines of: ‘I make all my repayments on time, and I save $1,000 per month, why is the bank saying I can’t service a loan?’ Here’s how banks conduct loan serviceability.
Information is power. Knowing how much a property is worth can help you secure a great price during negotiations.
Many people only pay their bills on time to avoid being slugged with late fees and a bad credit rating. But a big change this month means that you can now be rewarded for timely repayments.
Whether it’s unrequited love, or an unsuccessful home loan application, getting your heart broken is never easy. Here are five common reasons home loan applications are rejected.
It’s a morbid thought that many of us tend to shy away from, but end-of-life financial planning is a crucial stage in any successful financial management plan.
Just as every great movie is carried by a star performance, so too do most small businesses rely on a key performer. Here’s how to protect your business from bombing at the box office with key person insurance.
With some of the major lenders recently lifting interest rates on variable home loans, we’ve had a number of enquiries this week as to whether now is a good time to lock in an interest rate.
When one bank hikes its interest rates, the rest usually follow one after the other like dominos. Here’s how to avoid getting caught up in the chain reaction.
We all want what’s best for our children. So while investing in their name from an early stage might sound like a great idea, you need to tread as carefully as you would around an abandoned lego construction site.
You’ve probably heard of The Barefoot Investor before. Pre-sales for his upcoming book have already surpassed the final instalment of the Harry Potter series. But here’s why you don’t have to tread down the tricky path towards financial independence barefoot and all by yourself.
With a reverse mortgage you can unlock nest egg funds without having to sell your whole nest. Here’s how we can help in the process.
Sydney? Melbourne? Perth? Find out which of Australia’s capital cities have performed best in the property market over the past two decades.
We all experience times in life when we just can’t wait to get our hands on that shiny new item. But as the old saying goes: good things come to those who wait.
Credit card providers love to use all kinds of incentives to get you to put that shiny piece of plastic into your wallet, ripe for usage at your weaker moments. Here’s how to avoid getting snared in credit card debt.
It’s one thing to be ready to pay off a mortgage. It’s entirely another to convince lenders that you’re ready to do so, especially in the current environment of tighter lending standards. Here’s how.
We all know that recycling is great for the environment. But debt recycling? Well, if done right, that could be great for your own little patch of planet earth.
Want to avoid sinking your entire savings balance into your mortgage? An offset account could be the solution you’ve been looking for.
Most Australians grow up with the dream of buying and living in their own home. But, given the difficulty of cracking into the market in trendy locations, another option has emerged.
Most Australians receive a tax refund, but not all spend it wisely. Here’s how to make the most of your tax windfall – and not blow it all in Bali.
So your friend just gave you a hot share tip at the weekend barbecue? Before you jump straight on your computer and blow the kids’ education fund, it pays to do a bit of research.
Everyone dreams of investing in a home or business that will fetch them more money than they originally bought it for. Here’s how to roll-up your sleeves and get started.
Rings? Check. Dress? Check. Prenup…? We make the case for and against this most maligned of agreements.
Keen for a new laptop, car, or even an airport lounge membership? Sick of putting your hand in your pocket for school fees, the rent or your mortgage? All of these things could be paid for through a salary sacrifice arrangement.
Every year thousands of Aussie families flush their hard earned dollars down the gurgler because they put off the simple act of refinancing their mortgage. If you’re overdue, rest assured that it’s much easier than you may think!
Family Tax Benefit changes came into effect this week. How do they affect you and your family?
Sure, the value of the average Australian home may have fallen for nine consecutive months, but it’s far from doom and gloom. Let’s put it all in a bit of perspective.
There are two kinds of debt in this world: the kind that is tax deductible and the kind that isn’t. Knowing the difference, and planning your purchases accordingly, can significantly improve your cashflow, opportunities and overall financial position.
Significant changes have been made to Australia’s credit reporting rules, with a new Comprehensive Credit Reporting regime (CCR) coming into effect in the new financial year. Which means now is as good a time as ever to perform a credit check.
Sure, the new financial year is never anywhere near as exciting as the New Year itself. But that doesn’t make it a less important date on your calendar.
First home owner grants have been extended for another 12 months, which is good news for those itching to get off the property market sidelines. Here’s a playbook to help you with your house hunting.
Just as a personal trainer can help you reach your fitness goals, a financial adviser can keep you on track with your personal wealth journey.
Saving a home loan deposit can be challenging enough. Then, lenders often will put another hurdle in your way by asking for proof of ‘genuine savings’. Here’s all you need to know about clearing that obstacle.
Things start out so rosy. You both like the same movies, sports teams and pistachio-flavoured gelato. Then one day you realise you manage your finances in completely different ways. Well, here’s how to get on the same page.
They grow up so fast. One minute they’re nagging you for a dollhouse, the next, it’s for help buying a two bedroom unit in an up-and-coming suburb. If you always find it hard to say ‘no’ to your kids, here’s how to say ‘yes’ the right way.
Families have just a few weeks before a big change to child care fee assistance comes into effect. Here’s how to find out if your family may need to adjust your mortgage repayments as a result.
Families have just a few weeks before a new child care subsidy kicks in. Find out if your family will be better or worse off after the goalposts shift.
They say a fool and their money are easily parted. But with how sophisticated scams are becoming nowadays, it’s no longer just fools who are being duped. Here’s how to spot a scam in the digital day and age.
We pride ourselves on getting you a darn good home loan. So if someone calls up out of the blue with suspicious promises of a better offer, here’s how to know if you’re being scammed.
Much has been made of federal budget’s tax relief measures. But don’t wait around for them like a chump. They could be pocket-change compared to what you could save from getting your own house in order.
Blink and you’ll miss it. Well, at least that’s how it feels when mustering up the effort to keep pace with the 24-hour news cycle these days. Here’s a good ol’ fashioned post-budget property news round-up.
So you’ve finally found the property of your dreams and you can’t stand the thought of someone else moving in? Don’t let a payment oversight get in the way.
Fishing? Travelling? Lending your expertise to a charity? How you intend to spend your golden years is every bit as important as how you save for it.
First home buyers are finally getting a bigger piece of the east coast property pie, thanks to the availability of first home buyer incentives and the easing in investor activity.
Though the ads are often cliche, overly dramatic, and designed to provoke a sense of fear, life insurance can play an important role for some families.
You know how it goes. You see that dream property you’ve just got to have, and then next minute, the budget is in smithereens. Well, at least that’s what happens to almost a quarter of home buyers.
Ever heard that saying along the lines of: ‘A dollar saved is a dollar earned’? Well, that’s not exactly true. Because a dollar saved can earn you much, much more.
If you had a roadmap for life, buying your first property would fall somewhere around getting married and having your first child. You spend hours upon hours researching up on the first two, so it only makes sense to do a bit of homework on this one, too.
How much money would be enough for you to become financially free for the rest of your life? One million? Three million? Recent research has revealed the ‘magic number’, and it’s a little surprising.
So you’ve decided to finally take the plunge and start saving for a deposit to buy your first home? Here’s a few handy tips to get you started.
If you’re a soon-to-be retiree, you can be forgiven for thinking you’ve been a little hard done by with regards to retirement planning schemes. Rest assured there’s still time to ensure a comfortable retirement.
In a perfect world you select a property to buy, complete with white picket fence, and the settlement goes through on the agreed date without a hitch. But as we all know, we don’t live in a perfect world.
Your bags are packed, your visas are confirmed, and your immunisations are up-to-date. But have you made sure you won’t be charged an arm and a leg during the trip?