Month: July 2017

Borrowing over 50

As anyone of middle age will attest, being 50 can creep up on you. 50 is the new 40! But if you want to take out a loan and you are over the age of 50, you may need to provide more information about your future financial position before you can borrow. This is typically […]

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The Australian construction boom

You’ve seen the headlines, and possibly the cranes dotted along the horizon: construction is booming in cities across Australia. But how does this affect you? Inflated construction costs According to the recent International Construction Costs 2018 report by built asset consultants Arcadis, Sydney, Melbourne and Brisbane rank in the 25 most expensive cities globally for […]

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New financial year resolutions

Happy New Financial Year! Rather than cringing at tax time, let’s celebrate by setting some meaningful financial goals that can help you get ahead, and live the life you want. Assess your debt How are your credit card bills? Are you drowning in interest repayments? If the debt is weighing you down, now’s a good […]

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Will a poor credit score affect your mortgage application?

Home loan providers consider a variety of factors when assessing your loan application. One of these is your credit score. But what exactly is a credit score, and why is it so important? We take a look at how credit scores work in Australia, how they can affect your eligibility to receive a home loan, and what […]

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Government schemes to help you buy your first home

Are you an aspiring property owner struggling to figure out how to afford your first home in Australia? With average mortgage rates more expensive than ever before across the majority of states, it’s little wonder. But there’s plenty of assistance for first home buyers in Australia thanks to government schemes. To help you out, here is a […]

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Tips for breaking into the housing market

Recent Census data tells us that less people own their own homes than five years ago. That can at least be partly attributed to rising house prices. In Sydney, house prices are 12 per cent higher than they were a year ago. In Melbourne, house prices are up 13 per cent from last year. These increases can be […]

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The difference between owner-occupier and investor interest rates

New regulations have changed the way financial institutions set interest rates. There’s now a bigger difference between the rate borrowers are charged when they buy a property to live in, compared to loans taken out by investors who don’t live in their properties. This means the rate available could be cheaper for owner occupiers. The new […]

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