Whether you’re after lower repayments or want to tap into the equity sitting in your home, refinancing can offer significant benefits. Here are some things to be aware of so that you don’t find yourself hooked into a bad deal. Don’t be fooled by the interest rate Finding a lower interest rate doesn’t […]
Refinancing traps to avoid Read More »
Managing your money doesn’t have to be stressful. By breaking down your goals and establishing good habits you can work towards financial wellbeing. With one in four Australians reporting more financial stress after COVIDi, it’s no surprise many of us are concerned about the future. Between mounting bills, unexpected expenses and a lack of understanding
6 steps to help you feel more positive about your finances Read More »
As the property market continues to boom, more and more Australians are struggling to get on the ladder, and staggering new research shows that parents are increasingly coming to their aid. According to new Mortgage Choice research, nearly 60 per cent of respondents were considering gifting or lending their children money to help them buy a
Bank of Mum and Dad: 60% say they would fund their child’s first home Read More »
Record-low interest rates could be a thing of the past as Australia’s largest bank begins to lift rates, despite the RBA’s ongoing “lower for longer” narrative. In a leading indicator for the market, Commonwealth Bank has confirmed it has lifted the rate of its three and four-year owner-occupier loans by 5 basis points and 10
Australia’s largest bank begins to lift rates in a sign of things to come Read More »
You’ve been dreaming of that new kitchen and dining room for as long as you can remember, and now the time has come to put your plans in motion. But do you really have the budget to afford the works? Here are a few things to think about before making the leap from Pinterest board
Borrowing money for renovations: What you need to know. Read More »
Households are being urged to check the price they are paying for electricity after it was revealed that prices across the eastern seaboard have fallen significantly in the back half of 2020, official figures show. Stats released by the ACCC showed that the cost of electricity has fallen by 8.8 per cent across NSW, Victoria,
Energy prices fall – how you can cash in on the $900m saving Read More »
Investors hate uncertainty. Today’s tax rate environment is the definition of uncertainty. This lack of clarity makes financial planning challenging. If tax rates are going up, should investors do anything today in advance of changes that may or not happen? How might possible tax increases impact existing portfolios? For appreciated assets, should investors consider paying a
Tax rate uncertainty: Should investors consider realizing gains sooner vs. later? Read More »
Clichés are just sayings that become true We’ve all heard the clichés:The best time to invest is when you have the money to put to work! and It’s not about time-ING the market, it’s about time IN the market! I’ve always thought they both sound cheesy, but I can’t even begin to fathom the number of times I’ve
In times of crisis, is cash king? Read More »
Essential bills, savings accounts, Christmas gifts and exchange-traded funds appear to be the big winners from the latest round of tax cuts, new research has revealed. During the 2020 budget, Treasurer Josh Frydenberg announced that up to 11 million Australians will benefit from tax cuts, with more than 7 million individuals expected to receive $2,000 or
How are Australians planning on spending their tax savings? Read More »
Following a year of record-low interest rates, a volatile stock market and consumers flocking to access their superannuation, a financial expert has prepared six tips for Aussies looking to get on top of their finances in 2021. According to Minnik’s Chartered Accountants founder Leah Oliver, the start of the year could be a great time
6 tips to turn your financial resolution into reality Read More »
If, like many others, your life and money feels a bit like a juggling act – paying bills here and there… and “Uh oh, forgot about the council rates, guess that one’s going on the credit card”. You may be thinking that having some extra cash would solve a lot of your problems. Well, often
Be the boss of your cash Read More »
It’s only natural to want to help your kids with big ticket items to give them a good start in life—particularly in an era when tuition fees and house prices make higher education and owning a home less affordable than in previous generations. But it can be difficult to know when to start turning off
Helping grown-up children with their finances Read More »