Latest Category: Financial

Financial

NAB Offers Fixed Home Loan Rates Under 3%

3 out of 4 of Australia’s largest banks are now offering fixed home loan rates of under 3%. That means huge things for the future of Australia, provided that customers are actually looking to lock themselves into a new home.  The National Australia Bank cut some of its fixed interest rates on home loan contacts

Financial

Melbourne Real Estate: Market Springs into Recovery

The Spring season for selling in real-estate has kicked off on an excellent note, solidifying the growing signs of a significant market recovery. So far, September has returned auction clearance rates at above 74% each week, with properties soaring at values of over hundreds of thousands of dollars. Some homes are even selling for over

Financial

Can’t Afford Sydney And Melbourne Rent?

In Australia, the reality of paying more than half your weekly salary in rent, or having rent increases imposed midway through rental tenancies has become a normal part of life for many, particularly Millennials. For Australia’s more than 2.6 million renters, despite modest falls in the overall property market in the past 12 months, rents

Financial

Places in Melbourne Where it’s Cheaper to Own than Rent

A new analysis of house price data demonstrates that paying a mortgage on an apartment in Melbourne’s central business district could save up to $79 a week when compared to renting in the same home. For housing in Balwyn or Toorak, however, investors may be better off renting with mortgage repayments being $1278 and $1788

Financial

AMP Financial Advisers Face Serious Problems

Financial Advisers from AMP could be on the path to ruin following terminations from the post-banking royal commission. Financial planners who actually worked for AMP are in the most trouble right now, in the wake of the Hayne Royal commission on banking misconduct.  Though AMP has tried to untangle itself from the issues with Hayne

Financial

How to Save for a New Apartment

Are you dreaming of a new apartment for you and your partner? Maybe you want to break free from the family home and strike out on your own. Whatever the reason for your upcoming apartment hunt, you’re going to need a savings strategy – and fast. The quicker you begin saving for your ideal home,

Financial

Maria Was Nearly $100,000 in Debt, but Strict Budgeting Turned Her Life Around

Maria and her husband Joe thought they were getting ahead in life. They had a BMW. Two investment properties. Good jobs on decent pay. But the reality was they had no savings. Instead, they owed about $100,000, not including the two mortgages, three credit cards, two car loans and bills piling up. At the same

Financial

What is Lender’s Mortgage Insurance and How Do I Avoid It?

If you’ve been looking into buying a home, then you’ve probably heard of Lenders Mortgage Insurance. Lender’s Mortgage Insurance (LMI) is a single one-off premium that’s payable whenever you take out a mortgage with a small down-payment on the home. This protects the bank against any losses that it may incur if you can’t repay

Financial

The property markets may be recovering, as investors start to get their confidence back

As the property investment markets in Melbourne and Sydney began to look uneasy in mid – 2017, Australian property investors were among the first to lose their confidence. However, following the result of the Australian federal election — which killed off Labor’s capital gains tax and negative gearing policies — this has given investors a

Financial

RBA Cuts Interest Rates to a Record Low

The Reserve Bank of Australia revealed that its interest rate has been cut by 0.25%. This takes the interest rates to a massive low of only 1.25% for 2019. While this is the first major change that the RBA has made to its policy since 2016, it was a result that many experts have seen

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