Month: March 2017

Life changes, part 3: Death of a loved one

The passing of someone with whom you have built a life and a family together is an incredibly difficult experience. Not only may you struggle to cope with the grief of losing them, but a great deal of practical issues will arise in the event of their death. If you were both working, two incomes will be […]

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Life changes, part 2: Divorce and separation

There are few life changes that will affect your financial situation as significantly as a divorce or separation from a partner with whom you share a mortgage. Obviously, splitting up is not something you anticipate happening when you invest in a home with someone, but unfortunately such situations do arise. Divorce rates down under have […]

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Life changes, part 1: moving in together

Buying a home together is a major step in any relationship. In addition to the adjustments you’ll be making in your living situation, there will be big financial changes. In part one of this three part series on life changes, we look at the steps you’ll need to take before getting a home loan with the […]

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Is a cheaper home loan always the best home loan?

When you’re shopping around for the best home loan, affordability is certainly a factor – if not the most important one. You definitely want to make sure you can meet those mortgage repayments, but is price the only factor you should consider when selecting a home loan? And is the cheapest home loan necessarily the best […]

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Why do more Australians prefer using mortgage brokers?

Recent data indicates that slightly more Australian property seekers favour using mortgage brokers over dealing directly with banks and lenders. Brokers initiated $50.19 billion worth of new home loans during the last three months of 2016, according to research done by Comparator that was released by The Mortgage & Finance Association of Australia (MFAA). This […]

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Is the “great Australian dream” really over for Generation Y?

A suburban house on a quarter-acre block is – or rather, was – the embodiment of the great Australian dream. Yet with median house prices skyrocketing across Australia – Sydney’s is now over $1 million, according to Demographia’s 2017 Housing Affordability Survey – this is becoming less achievable for most of us. In spite of this, the […]

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Could you use your super to buy your first home?

Housing affordability is one of the hot topics in the lead-up to May’s federal budget. One policy the Australian government is considering involves allowing Aussies to access their superannuation to buy their first home, as The Australian reported on February 22. What’s being proposed and why? The Turnbull government is pushing for a scheme that would enable […]

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How can you expand your financial literacy?

Financial literacy is all about equipping yourself with the skills to handle your money effectively. We’ve talked before about the importance of increasing your financial literacy in order to make smarter decisions that will result in more money for you. But how do you find resources that explain things in straightforward language free from all that […]

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