Month: February 2017

What are the financial challenges facing Australian women?

Australian women typically live several years longer than men, according to the Australian Institute of Health and Welfare. In spite of this, women face financial disadvantages that men do not, which affects their ability to save. Our country still has a fair way to go until this is no longer an issue, if we take […]

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Making tax payments can be one of the more challenging aspects of managing property investments.

Restructuring, part 2: the costs of restructuring

If you’re thinking about restructuring your home loan, it’s important to weigh up the costs and benefits of doing so. While you may be excited by the thought of that trip to Thailand or that new car you could buy with your unlocked equity, there are definitely fees involved that you’ll need to account for. This […]

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Intending to borrow

If you’re intending to borrow in the near future, there are a few things you should start getting organised now if you want to maximise the amount you can borrow. Having your financial information ready to go also minimises approval times, which is a godsend if you are already looking for a property. Start with […]

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Starting the new year afresh

If you were a little generous at Christmas and overspent, it might be time to make a budget and get on top of your finances. Why keep a budget? A budget essentially means you can hold yourself accountable for your spending. The transparency of doing a budget can be a bit of a shock if […]

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Restructuring, part 1: reasons to restructure your home loan

Many home owners feel stuck in their current home loan. When debts pile up, meeting the monthly repayments can become stressful. If you’re feeling some financial pressure but don’t want to move out of your current home, it can pay to have a think about home loan restructure. You can choose between internal (sticking with your current […]

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Should I stay or should I go? The downsizing dilemma

Your kids have all flown the coop and you suddenly find that the family home seems a lot larger than it used to. Whereas every surface may once have been strewn with muddy soccer boots, university textbooks and never-ending loads of laundry, whole spaces now go unused for weeks on end. It seems to take much […]

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3 ways first home buyers can improve their borrowing power

When you’re looking to buy your first home, you might be surprised to find that you can’t borrow as much as you wanted. You aren’t the only one: the average loan amount for a first home buyer dropped $6,400 in December 2015 according to the Australian Bureau of Statistics, indicating that new investors are getting […]

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What kind of suburbs are perfect for first-time buyers?

There is an excellent environment for buyers taking out their first home loan in Australia right now. The market is slowing in the classic investment zones of Sydney and Melbourne, opening up these cities for new buyers, while housing finance is showing “strong growth”, according to the Property Council of Australia. The low interest rates […]

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Australia, it’s time to talk about money

Money. Capital. Finances. It’s time to have a chat about these taboo topics. Australia is one of those countries where people simply refuse to discuss their money worries, even when they are on the brink of bankruptcy. In fact, according to a survey by Members Equity (ME) Bank, Australians are far more happy to talk […]

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