We’re in a challenging environment for property investors and homebuyers — interest rates are still relatively high, living costs are biting, and many long-term investors are finding themselves “asset rich but cash poor.” So, when a lender comes out offering a 10-year interest-only (IO) home loan, it naturally raises a few eyebrows, and some important…
Most Australians are unknowingly handing thousands of dollars back to their bank every year—not by paying higher interest rates or missing loan repayments, but by failing to make smart use of one of the simplest tools available to them: their offset account. A recent survey by Finder found that nearly half of Australians with offset…
Let’s face it — managing money isn’t always intuitive. But the good news is, it doesn’t have to be complicated either. These seven simple yet powerful money lessons can shift the way you think about your finances and help set you on the path toward greater wealth and a more peaceful mind. So, let’s jump…
![Here are the 13 biggest differences between the rich and the poor [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2025/06/ChatGPT-Image-Jun-3-2025-02_15_37-PM-270x200.png)
What are the biggest differences between the rich and the poor? I don’t mean the fact that the rich have more money. There is a lot more to it than that. In fact, that’s why Michael Yardney wrote his international best selling book Rich Habits Poor Habits together with Tom Corley. Their aim was to…
The thing about getting into debt is that anyone can do it! The hard part, of course, is getting out of debt. In fact, many people struggle with even admitting they’re in debt in the first place and bounce from one pay to the next struggling to keep their head above financial water. There are…
In a world where our lives are increasingly intertwined with digital technology, the threats to our financial security have evolved just as rapidly. While the internet has made it easier than ever to manage our finances, it has also opened the door to a wave of sophisticated scams that can have devastating consequences. What’s particularly…
A little-known change by the Australian Taxation Office (ATO) has put property sellers at risk of having 15% of their sale price withheld, a mistake that could cost over $122,000 for the average property owner. Since January 1, 2025, anyone selling property in Australia must obtain a clearance certificate before settlement. If they fail to…
Let’s have a chat about Aussies and their savings habits. It’s a topic that often comes up, especially when we’re thinking about financial security and future planning. Average savings across the board On average, Australians have about $37,408 tucked away in their savings accounts. However, this figure can be a bit misleading due to the…
How long are you planning to live? Now, that’s a morbid question, isn’t it? In an unexpected shift, the Australian Bureau of Statistics (ABS) has reported that life expectancy has decreased for the second consecutive year. This downward trend marks a pivotal moment in our understanding of longevity in Australia, which has been on an…
ANZ has brought forward its forecast for the first rate cut to take place in February, however, it maintains the view that borrowers will only see two rate cuts in the coming cycle. The news follows better-than-expected results from November’s monthly CPI Indicator released on Wednesday. ANZ now joins CBA in expecting the first RBA…
