Finding a new home can be exciting and fun, however sometimes moving to a new house is the worst. It is one of the most disruptive, stressful and chaotic of life experiences. It can also be expensive. Here’s a list of some things you will need to consider when planning the move. Packing Put simply, […]
The ACCC’s interim report into residential mortgage pricing reveals the “lack of transparency” around how the ‘inquiry banks’ – ANZ, CBA, Macquarie, NAB and Westpac— make these decisions. The regulator found a “lack of vigorous price competition” between the big four banks in particular, with negative public reaction being a major concern. The ACCC examined […]
These are strategies that anyone can try. Needless to say, your goal of getting ahead of credit card debt is more achievable if you cease or at the very least limit your spending on cards.
This marks the 19th consecutive month the RBA has kept the rate steady since it cut the official cash rate by 25 basis points in August 2016. The move was highly expected by many brokers and economists. More economists and banks are changing their forecasts of interest rate hike this year – from two to one […]
As a home owner or property investor, you may have heard the term ‘overcapitalising’. But what exactly is it and why is it considered bad?
The Reserve Bank of Australia has left the official cash rate on hold at a record low 1.5 per cent at its first meeting of the year, citing continuing concerns about weak household consumption.
“Flipping” might be the new word on the block but Australians have long been part of the reno revolution. Some are looking for fast returns (the flip), while others are upgrading after being in a home for several years. Whichever your strategy, chances are the goal remains the same: to renovate for profit. Here are […]
Refinancing your assets to renovate a property is a significant decision that will hopefully improve your standard of living or add substantial value to your property. Refinancing isn’t as straightforward as you might expect. The type of renovation proposed goes a long way to dictating the loan required. If the wrong loan is chosen, you […]
The real estate market can be tough for young adults, but as a parent you may be able to lend a helping hand. We tell you how. Parent-to-child loan A parent-to-child loan is when a parent lends their child money. This is a formal, legally binding arrangement, administered by an independent third party. At the […]
Do you know when your fixed rate term is coming to an end? Once it finishes, the bank is free to quietly switch you to a higher interest rate – unless you act fast! Think of how costly it could be if you simply let the bank choose your interest rate. If your bank charges […]