A new or used car is a fairly significant purchase. A 2016 Ford Falcon XR8 will cost you around $55k with a smaller 2014 Ford Focus Titanium worth around $32k. The older the car, the cheaper it will be, but even so, most people can’t afford to pay cash for a new vehicle. There were…
DetailsDespite official interest rates being on hold at an historic low of 1.5 per cent since August 2016, mortgage rates have been rising over that time. Experts say mortgage rates will be hiked even further as a result of the government’s proposed levy on the big four banks and Macquarie Bank, to start from July…
DetailsFor many Australians, buying a home is a priority, yet housing affordability is a pressing concern. Generation Y, in particular, is faced with high further education fees and a lack of suitable employment. In some areas, most notably Sydney, property prices far outstrip median income. Government advice to “just get a good job” is not…
DetailsMost schools don’t teach kids how to manage their money. This is a real shame, as it is a lesson that you really need to learn. Unfortunately, as soon as a young person lands a well-paid job, they blow all their money on clothes, nights out, a car, tickets to festivals, and having fun. Before…
DetailsFor many the buying of a home is the single biggest purchase they will make in their lifetime. Most will require finance in order to buy a home, but just because you already have finance and are busy paying off your home, your options don’t end there. Home loans can be refinanced and in this article we…
DetailsWe understand that kids are the future of our country, so investing for their future is extremely important. Kids need to understand concepts such as budgets and money management skills that parents instill from a very young age. As soon as a child is able to count, they need to be taught the difference between…
DetailsThink Like The Rich. So it has been a few months now, and you have scrimped and saved every last penny of your pay cheque to pay off some debt here and some debt there. You managed to successfully stick with the budget you set out with and each week you successfully put a…
DetailsLet me preface this by saying that the FSI is an acronym for Financial System Inquiry. For further information click FSI Governments FSI response: what it means for mortgages. It’s been 10 months since the FSI published its final report. Now the government has made its decision on recommendations that will reshape the Australian…
DetailsPlan for a Successful Renovation. There is certainly no denying that when it comes to renovations it can be an incredibly exciting, and exhilarating time, but with a strong desire and temptation to just dive straight into a renovation project important aspects of the project can sometimes be missed, thus causing unnecessary finances later down…
DetailsHow Investment Lending changes will affect you! Some of you may or may not be aware of the recent big changes in regards to investment lending that occurred over the past few weeks. The official Australian Prudential Regulation Authority (also abbreviated to APRA) has been consistently pressuring banks into significantly limiting their investment lending growth…
Details
