According to new research from Canstar, almost half of Australian mortgage holders say they have changed their home loan to cope with higher interest rates including stopping their extra repayments, extending their loan term or even selling their home. Canstar surveyed 669 Australian mortgage holders and found that of the 47% of mortgage holders who…
Do you want to know where Australia’s richest people live? The latest data from the Australian Taxation Office (ATO) has revealed where Australia’s highest-paid professionals reside, with one unlikely city taking the crown as home to the country’s most affluent people thanks to a bumper income year: Perth. Here’s a breakdown of where Australia’s richest…
How would you use your tax returns? According to new research from Finder, 1,077 respondents revealed a worrying 1 in 8 Australians (12%) – equivalent to 2.4 million people – admit this year’s tax refund is ‘critical’ to their financial health. Almost 1 in 4 (23%) say cash injection at the end of the financial…
Where are the wealthiest cities in the world? Well, Henley and Partners, a firm specializing in residence and citizenship planning, has unveiled the top 10 richest cities for the year 2023. The list ranks each city based on its resident millionaires. One city in Australia has made it onto the list, highlighting the wealth of…
Selling your home is always a time of excitement because it often means you’re moving somewhere new perhaps because of a work promotion or even a new addition to the family. Regardless of the reason, people buy and sell in every market, so it’s always wise to do what you can to potentially increase the…
So, you think you’ve finally found the right property – be it your next home or investment? Months of searching online, the rollercoaster of anticipation, knock-backs, and near wins – they’ve finally resulted in success. You’ve found a property that seems to tick all the right boxes. Yay! Before you get too excited and rush…
Australia’s population growth is booming, with a record high net overseas migration intake and a stable natural increase. We reached a remarkable milestone, as of September 30, 2022, it was now home to 26,124,814 people. The problem is the national population data gets published with about a six-month delay, but you can get more updated…
Well, more Aussies are working more to try to ease financial stress. In fact, a new Finder survey of 1,078 respondents revealed 1 in 4 (24%) – equivalent to 4.8 million people – are being forced to take on additional employment, work longer hours or come out of retirement to make ends meet. The survey…
There are many good reasons to own the roof over your head, but there are some tradeoffs as well. With the added control comes a laundry list of responsibilities. The stability of staying put often means a loss of flexibility and with the opportunity to build equity comes some financial responsibilities. So let’s look at…
You have probably heard that to be a successful investor you need to diversify. The old saying goes, “don’t put all your eggs in one basket”. Diversification can occur with different types of assets, but also within those asset classes. It’s suggested that this is a way to minimise risks and maximise your returns over…
