The past decade has certainly been tough for homebuyers. The post-GFC property boom meant many hopeful homeowners all but gave up hope of buying their dream home in their desired area, but in the last year or two, a switch has been flipped. Dwelling values are on the decline, lines of credit have tightened up,…
The end of the financial year is fast approaching and with it comes a hard deadline for important life admin . Here’s a list of 7 things you need to do before June 30 according to the team at Finder.com.au. 1. Check your life insurance cover within your super Many Aussies opt in for life…
One of the biggest boosts to our newly invigorated property markets is likely to be Australia’s surging population. According to the latest Australian Bureau of Statistics figures, Australia’s population grew by 1.6 per cent during 2018 reaching 25.2 million people. The number of births in 2018 reached an all time high of 314,900 – the…
Banks continue to turn their backs on riskier home loans, as the value of new interest-only and low doc loans hit record lows, according to recently released APRA data. APRA’s Quarterly ADI Property Exposures for the March 2019 quarter shows the value of new loans to owner-occupiers fell by 17.6 per cent from the previous…
Are you waiting for a once off event or maybe a big change of luck to boost your wealth? If you are like the majority of Australians, winning the Lottery may appear like the only option to becoming Wealthy. Or perhaps you’re waiting for a large sum of money to be left to you by…
During the recent election campaign the Coalition promised to help 10,00 First Home Buyers get into the property market by topping up their 5% deposit with the government guarantee for 15% of the loan they would be taking out. In essence this support for those looking to buy their first home offers an additional loan…
Australia’s credit card debt accruing interest has slid to the lowest level in over 11 years as Australians start to wean themselves off high interest debt. The RBA credit card statistics released today show Australia’s debt accruing interest on personal credit cards is now $29.5 billion, down 4.9 per cent year-on-year, and the lowest since…
Many novice home buyers and investors spend hour after hour searching on property listing websites hoping to find the property of their dreams. In reality, hundreds of other potential buyers are doing exactly the same thing, which means “their” property might ultimately end up being someone else’s. Sophisticated investors, on the other hand, regularly pick…
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Have you read the Newspaper or watched the news today? If not, it appears as though property prices and our economy may be doomed! There is so much uncertainty around and the media are just lapping it up. It is no secret that you will always find a reason not to invest, but this year…
No-one could forget the horrifying images broadcast from London’s Grenfell tower in June 2017, where 72 people tragically lost their lives and more than 70 others were hospitalised, due to cheap flammable aluminium-polyethylene cladding that had been installed on the exterior of the building. The 24-storey building had originally been built in the 1970s, but…
