Personal Finance Tips

There’s no better time than the present to get your personal finance in order.
Building wealth certainly doesn’t happen overnight and as much as property investment is key, this all begins with how you manage your money.
These articles offer the best advice from finance industry experts so you can learn how to benefit from long-term monetary strategies.

Latest posts
How to prevent paying too much tax on a business sale

No one ever sets up a business with the intention to fail. Rather, entrepreneurial types are motivated by a multitude of factors such as personal drive and ambition or a desire to work for themselves or to create a particular product or service. Sometimes it’s as simple as wanting to be in charge of our…

Good news! Borrowing capacity is now up 14 per cent

Attention home buyers… as of now, the amount you can borrow may have just increased by as much as 14 per cent.  The banking regulator APRA has now officially set new rules for how the banks calculate your borrowing capacity. When conducting their serviceability tests, lenders were previously made to do calculations based on an…

3 ways to pay off your home loan sooner

At some stage in our lives most of us will experience the various highs and lows that go hand in hand with home ownership.  Undeniably today the biggest pressure associated with realising the dream of having a place to call our own, is keeping up with the mortgage repayments. For those who buy their home…

It’s official: Australia’s rich are getting richer. No such luck for those on the other end

On average Australian householders are millionaires. According to the Australian Bureau of Statistics’ latest Household Income and Wealth Australia 2017-18 report Australia’s average household wealth has passed the $1 million mark for the first time, up more than 37 per cent compared with a decade ago, thanks to property prices and surging superannuation balances. But…

How financially literate are you: take this quiz

The Household, Income and Labour Dynamics in Australia (HILDA) Survey, out today, found women exhibiting much lower levels of financial literacy than men – how do you score? writes… Roger Wilkins, University of Melbourne The Household, Income and Labour Dynamics in Australia (HILDA) Survey tells the stories of the same group of Australians over the…

Latest research shows a third of Australians feel defeated by their finances

35% of Australians are embarrassed by financial situation. Mortgage Choice and CoreData’s Financial Fitness Whitepaper has revealed that a significant number of Australians are embarrassed by their financial situation. 34% of respondents say they feel embarrassed by their financial habits.  Furthermore, it revealed that 42% of Australians feel embarrassed by their personal debt, and one…