Month: October 2017

Taking the long-term view on your mortgage

Taking out a mortgage is a big commitment, and often you will be paying back your mortgage over 25-30 years. This is a long-term arrangement, and possibly the first time you’ve ever had to think so far into the future. There is a lot to arrange when taking out a mortgage. And to give yourself the […]

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Where will property values be in three years?

The annual QBE Australian Housing Outlook (2017-2020) report has just been released. This report, produced by BIS Oxford Economics, has a remarkably accurate track record when it comes to forecasting capital growth rates. Here is a summary of their median house price predictions. As you can see, it appears that Sydney’s boom is predicted to […]

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Heating up? 5 ways to cool your house that won’t cost the earth

Summer is fast upon us. In some parts of the country, it has definitely arrived. While summer means beaches, swimming and evening BBQs, it also means high energy bills, as we switch on the aircon to stay cool. Before you panic, and start looking for real estate in Tasmania, there are a few ways you […]

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Offset or redraw? A look at the pros and cons

With interest rates at historic lows, some homeowners are building up a savings buffer by paying more than the minimum off their mortgage each month.   Evidence bears this out. The Reserve Bank of Australia’s latest Financial Stability Review reveals the balances in mortgage offset accounts and redraw facilities are high, at around 17 per […]

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Good news for first home buyers

It looks like the tide is turning for first home buyers in Australia. The data released by Australian Bureau of Statistics in September shows that investor lending is decreasing, while lending to owner-occupiers is on the rise. Lending to first home buyers is the highest it’s been since 2013. In July 2017, first home buyers […]

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Go hard or go home? Not necessarily

You’re buying your first home. But interest rates are expected to start going up at some point. Which is the better financial strategy? Do you stretch yourself, get the biggest loan you can and buy the most expensive/biggest house you can afford? Or, do you take out a smaller loan, buy a smaller house, easily […]

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Capital city spring property update

Spring has sprung and so have several Australian capital city residential property markets, albeit at a more modest rate than in previous quarters, according to leading property data research house CoreLogic. Capital dwelling values rose by 0.7 per cent in the third quarter of the year, according to the September results of the CoreLogic Home […]

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Relocating in retirement? 4 things to consider before you decide

Reaching the end of your career brings many big decisions. One of those is where to live. Will you stay in your family home, or relocate? While moving might be a stress you are not interested in, now your working life is over, there are advantages to downsizing, or relocating to a quieter community. Here […]

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5 smart ways to spring clean your finances

Spring is a great time to dust off the cobwebs and reorganise the linen cupboard. It is also a great time to reassess your finances, to make sure everything is running smoothly. Here are some strategies to ensure you are getting the most out of your money. Dust the cobwebs off your budget Checking in with […]

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Should I renovate?

There is plenty to consider when buying a home. Location. Size. Style. Price. One of the other important questions you might ask is, should I renovate? If you have a limited budget, you might be looking at buying a home that needs work. Or you might be happy with your home the way it is, […]

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