Imagine buying your first home with only a 5% deposit and not having to pay lenders mortgage insurance (LMI). Well, that dream is one step closer to reality after the government introduced legislation to implement the First Home Loan Deposit Scheme. Continue reading “Home-ownership within reach: will you qualify for new buyer scheme?”
Lending to Aussie households spiked 3.9% in July, the strongest growth seen since October 2014, according to the Australian Bureau of Statistics (ABS).
Scams involving identity theft have cost Australians at least $16 million this year, and that figure is likely to be just the “tip of the iceberg”, says the Australian Competition and Consumer Commission (ACCC).
Here’s a bit of good news: you may be able to borrow more for your next home loan after the prudential regulator sent a letter to the banks asking them to relax a key lending criteria.
Continue reading “APRA suggests banks relax key lending criteria”
It can be a hard temptation to avoid; you sit there and watch while other investments outperform your own, and you begin to wonder… why don’t I just invest my money there instead?
The reality, though, is that chasing investment returns is a dangerous strategy that can wind up backfiring on you over the long term. Continue reading “The dangers of chasing investment returns”
The superannuation gender gap has narrowed over the past decade, but more work still needs to be done. Here’s how you can help close the gap even further. Continue reading “6 ways to bridge the Super gender gap”
More than 1000 pages and 76 recommendations – the Royal Commission final report doesn’t exactly make for light reading. Fortunately, we’ve cut to the chase with the key recommendations and how they’ll affect you. Continue reading “What the Royal Commission report means for you”
Tipsy topples, scooter smashes, sporting sprains and medical mishaps – before you go jet-setting overseas these holidays we’ll explore the most common ways travel insurance policies are voided. Continue reading “Ensure your travel insurance isn’t voided these holidays”
Every Christmas almost half of the Australian population decides to go swimming in credit card debt to get through the festive season. But there’s two big reasons why you shouldn’t do that this year. Continue reading “Don’t dive into credit card debt this Christmas”
We thought we’d have a little fun this week and look at how much it costs the average Aussie family to own a pet. After all, two in three households have one and very few budget for them! Continue reading “How much does it cost to own a pet?”
It’s an unfortunate fact of life: as you grow older, your memory is likely to fade. While you’ll probably be forgiven for forgetting the odd anniversary, the stakes are much higher when it comes to keeping track of your finances. Continue reading “A smooth sailing guide to dealing with memory loss and money”
Information is power. Knowing how much a property is worth can help you secure a great price during negotiations. Continue reading “Don’t get outfoxed: a quick guide to property valuations”
Many people only pay their bills on time to avoid being slugged with late fees and a bad credit rating. But a big change this month means that you can now be rewarded for timely repayments. Continue reading “More carrot, less stick: Comprehensive Credit Reporting”
It’s a morbid thought that many of us tend to shy away from, but end-of-life financial planning is a crucial stage in any successful financial management plan. Continue reading “The importance of a will and a power of attorney”
We all want what’s best for our children. So while investing in their name from an early stage might sound like a great idea, you need to tread as carefully as you would around an abandoned lego construction site. Continue reading “Considering investing in your child’s name? Tread carefully”
View our latest newsletter here.