Helping your children buy a home without risk

Helping your children buy a home without risk
According to a recent survey on Australian First Home Buyers, 4.9 % of those who bought their first home in 2016 did so with the aid of a parent or immediate family member. Last year’s figure is up from 3.9 % in 2015 and 3.8 % in 2014.

What you can expect from the Australian property market in 2017

What you can expect from the Australian property market in 2017
By looking at the past and what is presently going on overseas, as well as on our own soil, we can begin to make some educated deductions on what the year ahead has in store for us.

What you don’t know can cost you: 85% of Australians don’t know their home loan interest rate

What you don’t know can cost you: 85% of Australians don’t know their home loan interest rate
A new study conducted by a major bank subsidiary has found that 85% of Australians don’t know their current home loan rate.

Bargain Hunting: How to avoid paying too much for your next home

Bargain Hunting: How to avoid paying too much for your next home
Having a good idea of what a property is worth is key to making sure that you don’t pay too much for it. However, many Australians don’t know how to go about finding the information used to work out an accurate property value, let alone what other steps can be taken to increase their bargaining power.

Investment properties in Australia: A guide to maximising ROI

Investment properties in Australia: A guide to maximising ROI
In Australia, investing in property is somewhat of a national past time and still serves as a relatively safe choice of long-term investment. But if you are just getting started, knowing where to begin and where to find the right types of property can often seem a little overwhelming.

Buy or rent in Australia: A new study crunches the numbers

Buy or rent in Australia: A new study crunches the numbers
A pair of Australian economists have done the math and double checked the numbers to find out once and for all if, from a financial perspective, Australians are better off renting and investing their money or buying a home in the long run.

New Year’s Resolutions: Quick money tips for 2017

New Year’s Resolutions: Quick money tips for 2017
New Years Resolutions: quick money tips for 2017

Saving money on your mortgage: How to get the best home loan for your situation

Saving money on your mortgage: How to get the best home loan for your situation With such a wide range of home loan products being offered by a large number of banks and lenders - each with their own suite of loan options - trying to decide whether or not you have managed to score yourself a great deal on your mortgage can quickly become a confusing process.

Buyers beware: A guide to off the plan apartments

Buyers beware: A guide to off the plan apartments
By taking an in-depth look at the many factors which make up the property market, WBP Property group has recently speculated that around half of all the off-the-plan apartments in Melbourne will suffer a reduction in value by up to 15 percent before settlement.

Are Aussies slaves to their mortgage?

Are Aussies slaves to their mortgage?
According to recent research conducted by Ubank, 56% of Aussie home owners are finding that their mortgage repayments are having a negative impact on their social life and taking away time that could be spent with their families.

Australia’s AAA credit rating: Should we be worried?

Australia’s AAA credit rating: Should we be worried?
Philip Lowe, Governor of the Reserve Bank of Australia (RBA) has expressed unease at the possibility of any additional cuts to interest rates, believing that it could encourage further borrowing from Australian households who have, on average, already taken on record amounts of debt.

The Trump Effect: What it could mean for the Aussie Housing Market

The Trump Effect: What it could mean for the Aussie Housing Market
Donald Trump, the American President Elect is well known for his contentious viewpoints and political direction. So it shouldn’t come as a surprise that quite a few economic experts are predicting ripple effects from the Trump presidency that could be felt right around the globe.

How to pay off your mortgage sooner: Save time and money

How to pay off your mortgage sooner: Save time and money
A recent report conducted by a comparison website, finder.com.au, found that the overwhelming majority of Australians are actively trying to pay off their home loans as quickly as possible by making additional repayments.

How laziness could be costing you up to $3000 dollars a year

How laziness could be costing you up to $3000 dollars a year
A new study by the University of Technology in Sydney has found that Australia is a nation of “misguided” savers who consider themselves to be money smart but, are in fact, too lazy to shop around when it comes to major life purchases. This laziness could be costing them up to $3000 dollars a year.

Broker or Bank: Which is best for you?

Broker or Bank: Which is best for you?
Banker or Mortgage broker: It’s one of those questions of which the answer really depends on your situation and what you are hoping to get out of the experience.

Getting your dream home for the right price: A property buyer’s guide

Getting your dream home for the right price: A property buyer’s guide
Many people might see buying a fixer-upper that needs a little attention as a negative, but you know that it’s actually a fantastic opportunity to get your dream home at a price that you can afford.

Australian Housing Market Update

Australian Housing Market Update
Expensive housing and high household debt leave Australian housing vulnerable. But without a recession or much higher interest rates, a property crash is unlikely.

Trick or treat? The pros and cons of interest only home loans

Trick or treat? The pros and cons of interest only home loans
Interest only home loans are pretty much exactly what they sound like. They require a borrower to repay only the interest on the amount borrowed, unlike a typical principle and interest loan.

The cost of separation: A simple guide to finances and divorce

The cost of separation: A simple guide to finances and divorce
Whatever the reason, if you and your partner are past the point of reconciliation and divorce is the only option left, the process of separation can be a daunting, painful and confusing process, especially when it comes to working out what to do with shared assets and finances.

Portable bank accounts: what could they mean for you?

Portable bank accounts: what could they mean for you?
It’s said that change is inevitable, but sometimes, change can be a real pain. Even something as easy as changing your mobile phone provider can be a bit of a hassle, but at least you can keep your old number if you want. On the other hand, switching banks means getting a new BSB and account number which, most of us will agree, can quickly become a huge headache.

Ever wondered how your house is valued? An introduction to housing market measurements

Ever wondered how your house is valued? An introduction to housing market measurements
In recent times, the housing market has received more attention than ever before. As such, there has never been a better time to take a refresher course that outlines the main measurements used to calculate the housing market’s performance from the perspective of pricing and value.

Home loans and credit scores: The big picture

Home loans and credit scores: The big picture
According to a recent survey, over 25% of Australians are worried that their application for a home loan might be rejected based on their credit score.

Do men and women treat their finances differently?

Do men and women treat their finances differently?
When it comes to writing about gender and money there is always the risk of coming across as inconsiderate or controversial. Money and gender can be sensitive topics on their own, so writing general observations and making generalised insights about the two of them together can seem filled with potential pitfalls.

Property or shares: Which option makes the most cents

Property or shares: Which option makes the most cents
Discussing the age old investment debate of whether to invest in shares, property, or both, can often lead to heated conversations, not only among seasoned finance professionals, but also those looking for a safe way to invest their money.

Helping your children become home owners without gifting them funds

Helping your children become home owners without gifting them funds
In recent years, a trend has emerged where first home buyers who feel that they don’t have access to the same opportunities as their parents and previous generations when it comes to buying their first home.

Top ten proven tips to getting your home loan approved

Top ten proven tips to getting your home loan approved
If you are ready to take the plunge and buy a home, getting your finances in order is a big part or the process. It doesn’t matter if it’s a brand new house, previously owned, or even if you are looking to build from your own design, there are a number of things you can do in preparation that can help you get the best loan for your particular situation.

Keeping it Genuine: Everything you need to know about Genuine Savings

Keeping it Genuine: Everything you need to know about Genuine Savings
If you have ever applied for a home loan, you have probably heard the term “Genuine Savings” get thrown around, but exactly what kinds of savings fall into this category, and when are genuine savings important?

Are We Hardwired For Financial Failure?

Are We Hardwired For Financial Failure?
Research has shown that the human brain is hardwired to live in the moment, rather than automatically taking a long-term approach when making decisions. While this behaviour might have helped our ancestors to survive in the past, the same evolutionary traits can actually put us at a significant financial disadvantage over the course of our lives.

Rent Vs Buy: The Home Truths

Rent Vs Buy: The Home Truths
In today’s housing market, the question of Renting Vs Buying does not have a straight forward answer and it’s important to consider all the pros and cons before making any decisions.

The uncertain future of negative gearing

The uncertain future of negative gearing
Labor’s suggested changes to negative gearing and the capital gains tax have become a key point in the struggle and are provoking strong reactions from a number of industries across the country.