Month: September 2017

AFL grand final

Kick your financial goals

Grab your scarf and your jersey. Grand Final weekend is here. To celebrate, we share six ways you can kick your financial goals. 1. Firstly, set goals You can’t kick a financial goal that doesn’t exist. The key to getting financially savvy, and moving ahead, is having clear, specific and concrete financial goals. “The more […]

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social proofing

Should social proofing help you buy a house?

If you work in marketing, or have ever tried to sell a product or service, chances are you’ve harnessed the power of social proofing.   What is social proofing? In simple terms, it’s basically ‘monkey see, monkey do’. We feel more confident to make a purchase if we see others purchasing the product. The more […]

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RBA

How do lending restrictions affect you?

Lending restrictions implemented in recent months are attempting to address housing affordability and prevent the onset of mortgage stress in many Australian households. The restrictions mean lenders have more responsibility than ever before. But what are these lending restrictions? And how will they potentially affect you? Here, we investigate some of the changes. Lending restrictions explained […]

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Cash rate on hold for two years and one month

The Reserve Bank of Australia (RBA) has announced that the cash rate remains steady at 1.5 percent. This August marked two years since the last change. In fact, the cash rate hasn’t increased since November 2010. According to RBA Governor, Philip Lowe, there are a few national and international factors keeping the rate steady for […]

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What’s the outlook for the cash rate?

It’s been 13 months since the Reserve Bank of Australia (RBA) last changed the current 1.5 per cent cash rate. Consensus among academics suggests there’s little chance of a change to the cash rate any time soon. While some countries, including the US and Canada, have started to raise interest rates after a period, and […]

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Can I use my home equity to buy an investment property?

If you own a property and have been paying off the mortgage comfortably, it could be time to think about taking the next step on the property ladder: investment. For many Australians, an investment property is a fantastic way to generate extra income and secure a long-term asset. Even so, getting a deposit together while […]

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How does a bridging loan work for buying property while selling?

So, you’ve bought a property and have been paying off the mortgage. Now, it’s time to start thinking about what’s next. Purchasing a property certainly doesn’t mean you shouldn’t keep your eyes on the market, and there’s always something out there that can capture your attention and set you thinking about another move. Perhaps you’re […]

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